Bank One Complaint - Can we sue them?
Bank One lived down to their expectations. After having a Citibank credit card for years, Bank One bought the rights to the Sony card, and cardholders could NOT back out to stay with Citibank. Is this legal? We were forced to switch to Bank One, which sent me a notice that they were going to double my interest rate, almost, from 11.5% to 19.99!!! Fortunately, I caught the disclosure and wrote to them that I reject the terms, so I can pay off and close my account.
How is what they are doing legal!?!? I did a search for class action lawsuits, and came up blank. Anyone have any ideas?
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