After being with the Advanta credit card company for several years and having a significant balance, they decided to raise my interest rate. Not by a little bit either. They doubled it. It went from . 75 to 4.99 with no advance warning. When I called them they said it was due to the economy. Oh ...
I opened my Adavanta statement today and thought there must have been an error. My charge card interest had gone from 15% to 35% and had been applied to all of my purchases. When I called them they confirmed that there was no mistake and they had raised my interest rates even though I never made a ...
Beware of credit card companies. Advanta made a very inviting offer. However, a cashflow problem turned this "GREAT CARD" into a nightmare. Example: I called Advanta to make a phone payment. April 18, the phone pay was for 200.00. On May 2, the paymnet was 349.00 (more than the phone pay ...
I read a recent report from a consumer who was complaining about Advanta raising their interest rate from 7% to 24%. We've had an Advanta Business credit card for 10 years, and within the last 5 years it's gone from 17% to 36%!! I had the same conversation as the last report... Transfer after ...
Same thing that happened to most recent reporters. No late payments, paid more than minimum, and suddenly - our rate is 36 %. If consumers default on their agreement they must suffer the consequences; well, how can lenders default on consumers for NO REASON and suffer nothing? Anyone game for a ...
Advanta sent us a notice (11/07) that our interest rate on purchases was being raised from 8.6% to 12.99%. Last week (3/14/08) we received another notice of rate increase - this time from 12.99% to 31.99%! We have incurred no new debt, have never made a late payment to any creditor - and we deserve ...