Complaint Review: ADVANTA BANK - Salt Lake City Utah

I listen to Dave Ramsey. He gives excellent advice. However, thieves like Advanta should not be allowed to screw over all these dozens of people. If anyone wants to join the class action lawsuit that attorney Alan Finkel is putting together, please e-mail me at (((ROR redacted))) CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

is what gives them the "out" if you will. You signed up for it, you have gotten bit. Advanta will also just give a call or send a letter stating they are closing your account for no apparent reason. They did it to me and that was all I needed. Dave Rasmey taught me I did not NEED a credit card and I do not have any and they are all paid off. Odd thing is............NOW I have money! Strange how that works! My advice............this is the best thing that ever happened to you! Pay it off and then you will have money for your business!

I got my business Advanta card bill and they raised my rate to 35.08%. I called Customer Service and got what sounded like a script: Every 90 days they review the card and then they can increase the rate IF THEY WANT TO. Nothing about late payments, nothing about bad credit. I was also told that they "could not give me a lower interest rate but there were no lower rates available and TO JUST PAY THE MINIMUM EACH MONTH so I it would be a burden. WHAT? I told the rep I understood that's all she was but there is no way I will hang onto an Advanta card after this. So, to the second poster: Advanta is raising the interest rates because THEY CAN!

I got my business Advanta card bill and they raised my rate to 35.08%. I called Customer Service and got what sounded like a script: Every 90 days they review the card and then they can increase the rate IF THEY WANT TO. Nothing about late payments, nothing about bad credit. I was also told that they "could not give me a lower interest rate but there were no lower rates available and TO JUST PAY THE MINIMUM EACH MONTH so I it would be a burden. WHAT? I told the rep I understood that's all she was but there is no way I will hang onto an Advanta card after this. So, to the second poster: Advanta is raising the interest rates because THEY CAN!

I got my business Advanta card bill and they raised my rate to 35.08%. I called Customer Service and got what sounded like a script: Every 90 days they review the card and then they can increase the rate IF THEY WANT TO. Nothing about late payments, nothing about bad credit. I was also told that they "could not give me a lower interest rate but there were no lower rates available and TO JUST PAY THE MINIMUM EACH MONTH so I it would be a burden. WHAT? I told the rep I understood that's all she was but there is no way I will hang onto an Advanta card after this. So, to the second poster: Advanta is raising the interest rates because THEY CAN!

Advanta did the same thing to me. I was 2 days late and they jacked my rate to 30% after being a loyal customer for 10 years with no late payments, an excellent credit report, and excellent FICO. This was just the first part of August. They even refunded the $39 late fee. I was reviewing their financial status on the FDIC and their accounts late from 30-90 days has doubled in the past year as well as their charge-offs. A year ago, you could have accidentallly made a late payment and they wouldn't have given such good customers a 2nd glance or thought about increasing your rates. With this financial crisis going on, they are now raising the rates every chance they get.

Fred, First off, they didn't increase your interest rate for no reason...they showed your payment 1 day late, and most credit card companies have a TOS that states they can change your rate to their default rate for any number of reasons...including being late. So, the change in interest was because of the late payments....credit card companies don't have grace periods anymore...PERIOD. Second, you wrote that the company can't prove that you were late...the question really is whether you can show that you weren't. If you paid electronically (i.e via the web and/or telephone payment) you should have a confirmation number, which can be traced to a date....otherwise, it will be really hard to prove that you weren't late, even if you have a delivery confirmation receipt for mailed payment (again, check your TOS for time to process a paper payment). And third, honestly I hope you are kidding about all the time and effort you are going to put in to your project...other than your own edification, it really won't do much. N-