Advanta Bank Corp — Credit Card interest Rate
Increases in interest rates, started at 7.99% they slowly increase rates, than stating changes in credit rating they have to increase rate to 34%! unless you opt out. They stated that we paid late, (Never had a late payment), we did not pay enough over the min. payment, (we always paid 2-4 times min. payment).
We opted out, cancelled the card. Advanta Bank reported to Equifax we were cancelled by them.
I would highly recommend not doing business with this Bank, we filed a complaint with the FDIC and of course they can not do anything regarding credit cards.
Additionally, to Advanta's advantage, the great state of Utah where Advanta is located, does not have any restrictions or caps on interest rates a bank can charge on credit cards. Now you know why so many credit cards are located in Utah!
More Advanta Bank Corp Complaints & Reviews
- Advanta Bank Corp - Overcharged 
- Advanta Bank Corp - Unethical Business Practices 
- Advanta Bank Corp - account closed 
- Advanta Bank Corp - Outrageous rates, harassment, no cooperation 
- Advanta Bank Corp - Credit card fraud 
- Advanta Bank Corp - Loan Shark Rates 
- Advanta Bank Corp - Cancelled Card While /Current
- Advanta Bank Corp - Not mailing statements
- Advanta Bank Corp - problem with online payment system 
- Advanta Bank Corp - Rip off