How is this fair? I am a credit card holder with Bank One, in good standing for several years. My interest rate was 10.99%. My husband and I are tying to make ends meet, but are still paying on time. NEVER LATE!
The minimum payment is $18.00. I always pay $50.00. I only owe them $900.00. I get this months statement and they raised my interest payment to 19.99%!!! I called and asked why. They said I had too much revolving credit and was a possible bad risk. I told them again I was never late and make more than the minimum payment.
They said they pulled a credit report in Nov. And they were in their right to raise my rate. I borrowed the money at 10.99 how can they decide for my March statement to almost double my interest rate? The supervisor I spoke with was sarcastic and gave me the oh well attitude! I recommend you stay away from Bank One!
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