After reading the post from many users of this group, I see I'm not the only one they have tried to sucked dry. I was paying 12.99% and got a letter last year saying they was raising my rate to 22.99%.
Now I was wondering why? So I pull my credit report and the only thing it showed was a 30 day late payment on two houses I'm buying. SO I'm like OK. Maybe that's why.
I asked for a payment history from MBNA and I found that since I open this account (I think it was open in 94/95) I have NEVER been 30 days or more late.
A few days ago I received another notice in my bill, informing that my rate will be raised to 24.99%. So I pull my credit report again and founded out that I have not been 30 or more days late on anything. Also all my balances are less than 25% the total card limit.
My word to anyone that is thinking about opening an account with MBNA. Don't it, if you plan to carry a balance. I have an AT&T Universal Card and it's the best I have.
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