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Advanta Bank Corp Raised interest rate to 35% Spring House Pennsylvania
On my most recent statement I notice that my interest rate had increased from 18% to 35%. I immediately contacted customer service who informed me that this increase was correct. I was told that the increase was due to my previous payment history and my credit report.
I have never paid this bill late and I always pay more than the minimum payment due. I also have good credit. There is absolutely no reason for Advanta to increase my interest rate to this insanely high amount.
I did not received notice of the increase although their customer service representative claim I was sent one.
I look forward to paying the balance and closing this account.
Rebecca
Suring, Wisconsin
U.S.A.
1 Updates & Rebuttals
S.n.
Bucyrus,Kansas,
U.S.A.
After Reading All of the Advanta Ripoff Reports
#2Consumer Suggestion
Fri, October 03, 2008
It appears NO ONE got any notice of a rate increase from Advanta. When I mentioned this to the Advanta customer service rep, she replied "Oh, well you SHOULD have gotten a notice". That is not the same as "getting" notification is it?