Advanta bank / Excess interest charged
1
Review updated:
Instead of the 0.69 rate offer, they charged 34% annual interest! This happened on two balance transfers months apart. Seems like a scam. After lots of waiting, they will correct the mistake, but the overcharge shouldn't happen to begin with.
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Date
Advanta card raised my rate from 10.99% to 30.00% without warning. I called to find out why.
They had no reason. My account is current and always paid ahead of schedule. This is scamming
and they should be investigated for this practice.
This must be illegal.
Advanta is very professional. They are thieves, but they are very proficient and well organized. They will sign you up for a credit card, but if you ever show signs that you can't pay off a balance (such as by making payments near the minimum) they will jack the rates to 36% or more, figuring you won't be able to pay them off.
Never go near them. They are radioactive. They will drive you into bankruptcy and enjoy the process.