Advanta Complaint - Advanta Credit Card/Never Late On Payment And Raised Rates!
SALT LAKE CITY, UTAH -- Our ADVANTA credit card interest rate was raised from 7.9% fixed advertised rate to 16.99%!
Immediately called and asked why since we have never, never been late for a payment and always paid over the minimum payment! Advanta stated reasons are "proprietary." Can't even get a straigt answer. They use their sneaky, legal ways from even having to answer to what they did!
I asked them to check to make sure no mistake had been made and the assured me, no mistakes were make. They said they have a right to do this at any time for any reason and to read the fine print. I will be writing letters to the authorities on this. Advertised one thing and did another and they say it's all legal. If we would all write letters, something will have to be done.
PLEASE READ THEIR FINE PRINT IN THE TERMS AND CONDITIONS BEFORE DECIDING UPON THIS CREDIT CARD. LET'S MAKE THESE CREDIT CARD COMPANIES HELD TO FAIR AND MORAL STANDARDS AND NOT JUST TO THE SNEAKY, LEGAL ONES THAT ARE IN PLACE NOW! TIME FOR THEM TO BE ACCOUNTABLE FOR THEIR ACTIONS!