In January i ordered a NextCard Visa at Nextcard.com, they advertised a FIXED RATE of 12.99%. I transferred $6,000.00 off of my other credit cards to this card with it's supposed wonderful 12.99% FIXED RATE, Within eight months my interest rate jumped to 20.00%, they raised this rate without even notifing me, which is illegal.
When i called them, they said they had sent me a letter of notification, which of course was a HUGE LIE! They also stated they can raise my interest rate whenever they want to.By the way i was never late ever with a single payment to them.
They had absoulutley no reason to raise my interest rate, but they did, since this incident i have spoken to many people who have said this credit card company is one of the biggest RIP-OFF companys in business today. Please beware of this scam!!
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