The complaint has been investigated and
resolved to the customer's satisfactionResolved Canadian Tire Options Mastercard — arbitrary increases in interest rates
resolved to the customer's satisfaction
We all know many Credit Cards charge abhorrant interest rates.
But Canadian Tire is the worst of the lot, the most ghastly, Usurous Interest rates in the Industry.
What they do is get unsuspecting customers to sign up in the store. What they don't tell you is that they can randomly change the interest rates whenever they feel like it.
Suddenly, one day, I discovered they had raised my interest rate to over 25% (!!!)
They claim to provide notice on the Statement, but this is in find print and useless if your statement is online... you don't see any of the notices, of course.
Their business practices are reprehensible and they are a stain on the industry. I will never spend a dime in a Canadian Tire store ever again.
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