FIA Credit cards Complaint - Screws With Good Customers
DETROIT, MICHIGAN -- I got an offer for a FIA card and transferred a relatively high balance onto the card. I was making payments every month more than the minimum pmt and never late. My year was almost up and the interest rate was going up to 15.99% or so so I didn't want to pay that so I paid off the card. The next month I get a letter that my finance charge rate is going up to 25.83%. So I called them and asked what was going on and was told "something" flagged me as a "credit risk". So they upped the finance charge rate.
Soooo I guess paying off a high balance makes you a credit risk. Sheesh!! how stupid are these people???