Discover Card
Interest rate rose from 8.99 to 19.99 and cannot be lowered

Business & Finance

This company started off with an interest rate of 8.99, now it's 19.99 interest and 20.99 cash advance interest. I have paid the account as agreed, and call to find out why the interest rate went up so high and ask that the interest rate be lowered. Their response, this account is not eligible for interest reduction. I ask why? She could not tell me.

I feel this is a complete rip off, as they started with one interest rate and as soon as you charged or transfer another card that was of higher interest rate, they increased their interest rate, and the way the payments are set up. I will never pay them off, because the payments only pay the interest rate.


Company: Discover Card
Country: USA
Address: P O Box 15251
Phone: 8003472683
  <     >  

RELATED COMPLAINTS

Citi Dividend Platinum Select Card
Interest Rate Raised to 28.24% After One Late Payment in June

Dell Financial Services
Rip off

Discover Card
Convenience Check Posted at Over 20% Rate, Extra Payments Not Applied

Discover Card
Interest Rate Raised to 29.9% After Two Slightly Late Payments

Chase Visa
Interest rate stays near 29.99% after seven on-time payments

First USA
First usa fixed rate scam

AT&T Universal Card
Deceptive marketing, ripoff introductory interest rates, unfair rate hikes

Mbna America
Cheap excuses to reduce credit line and increase interest rate on card., DE

AT&T Universal Card
Ripoff scam dishonest unfair insane interest rates were applied without notification because of late payment to ANOTHER company? Nonhelpful, uncaring

Aspire VISA
Ripoff-close the account and up the interest rate, charge over the limit fees and late fees even if you are on time paying