I have a business credit card with Advanta Bank and have been a good customer for 8 years. I have never missed a payment or paid late and yet my interest rate jumped from 15% to 36.18% this month (Jan) I have a min payment of $427.00 due to the increase and have no idea how to pay this. I did call ...
I was also a victim of this highly unethical Bank that offers a low start rate, claiming it will last much longer and then raises the rate 10 fold. My initial rate was 2.99 and raised to 27.18. I have perfect credit and have never paid any payments late. I was told I had been pre notified by mail ...
I have been a customer of Advanta for several years. I still have high credit scores and I have not been late on any payments on a credit card with Advanta. Recently, Advanta raised the rate to 27.18%. I called and inquired why they did it and I got an answer that I was now considered a high risk. ...
December 27 Dennis & Gisela Alter-CEO 7111 SHEAFF LN, FORT WASHINGTON, PA 19034 Re: Advanta Bank Card -Accts ending in xxxx Dear Mr. And Mrs. Alter: We are directing this letter to you since dealing with your staff has been frustrating and extremely stressful. We fear for our lives not knowing ...
If you have been a victim of Advanta's credit card fraud - please take the time to report Advanta's criminal rate increases ranging from 4-7% to 37-45% for many consumer's. The address is FDIC, Consumer Response, 2345 Grand Bvld., Suite 1200, Kansas City, MO 64180. You may also call the FDIC at ...
My rate was also raised from 11.99 to 37.18 % for no reason (other than their claim that they identified my account as high risk). I have never been late, have paid off my account several times in last 3 years, have had an account with advanta since and only owed 40% of my credit limit with them. ...