Advanta Credit Card Scam sign you up with low interest rate then raise interest because of activity on other cards Salt Lake City Utah
I have a Advanta Business card for about 2 years and they signed me up with a low interest rate. Since that time unable to get a business loan I was using the Advanta card while building a spec home and low and behold I noticed my interest rate jumped to 26%.
I was fuming mad and called customer service about the issue and they explained to me that periodictly they look at you credit card activity on OTHER cards and if they see activity they can raise your interest rate.
This is criminal and anyone who has a Advanta Card should beware of this practice. First when I called I was talking with someone in India who I could not understand then I called back and when listening to the recording pushed the button as if my card was lost or stolen and amazingly I talked to someone in Pennsylvania!!
Tony
Orlando, Florida
U.S.A.
1 Updates & Rebuttals
Advanta Rip Off
San Francisco,California,
U.S.A.
Advanta CEO Dennis Alter is acting criminal. Advanta stock is down to $2.15 now. Smell bell-up soon.
#2Consumer Suggestion
Thu, October 23, 2008
Please also do your civic duty and report this crime to FDIC.
Advanta Bank is regulated by FDIC (Federal Deposit Insurance Corporation).
Here is the website link:
https://www2.fdic.gov/starsmail/index.asp
It is very easy to fill-out the form at FDIC. It takes less than 3 mintues of your time.
They are very close to knock on door at ADVANTA HQ in PA.
If you do not report, Advanta scumbag CEO Dennis Alter will get away this type of rip-off from small business folks like you. Dennis Alter should be jailed for his crime.