Advanta Business Complaint - Advanta Card Users, Beware!!
I picked up an Advanta Business Card, great rates 8.99% fixed. I wasn't concerned about any points or anything like that. I just wanted a low fixed rate card. I had the card for over a year now. I have never been late on any payments, always paid more then the minimum, in fact some months I paid the balance off. I had $15,000 worth of major purchases recently for my business.
Advanta conveniently raised my interest rates to 19.99%. When I called customer service, they said, "sorry, its because the economy and they can lower my rate to 17.99%". Just beware of these shysters. Don't get ride of your old cards for this one.