Complaint Rating:

Company information:
Texas
United States

Target just raised my interest rate for no apparent reason. They state I have reached the penalty APR. I missed one payment on time, they charged me a late fee which I paid and made up the payment the next month plus. To top it off, I have a been a card holder for over 12 years. Now if that does not blow your mind, I do not know what doesn't. What is penaltyy APR anyway and would you not think if you had loyal paying customer for over 12 years, they would already know and consider my account history when a decision like this is made. This should apply to any and all accounts in good standing. This is where we get stuck as consumers. My first reaction is to close the account and pay it off. Closing an accounts hurts your credit. Second reaction is to not pay the account out of spite. Again, this hurts your credit. Third is now an option to pay off the balance at the highter "penalized" rate and take it up the ass! Which one would you choose?

EVERYONE NEEDS TO COMPLAIN IN LOUDER VOICES!!! Credit card refrom is a good thing, however all consumers are being further put into heavier debt due the corporate greed. Make your situation know and shed light on these corporate scoundrels. Everyday people continue to suffer at the expense of these fat cats. it is time for these cats to loose some weight!