• Report: #549771

Complaint Review: GM Credit Card/HBSC

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  • Submitted: Mon, January 04, 2010
  • Updated: Tue, January 05, 2010

  • Reported By: tbthrow — houston Texas United States of America
GM Credit Card/HBSC
Internet United States of America

GM Credit Card/HBSC GM Credit card HBSC Internet

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I am writing this just out of frustration.   I've had a GM Credit card for about five years and have never missed a payment.   I had a very low 5.9% interest rate and found out that it had gone up to 13.99% on my last statement.  I called GM Credit to ask why it had gone up and they said I had opted into their program whereby they raise my interest rate 8 points.   I called (begged really) that they let me opt out of this but they would not let me with the "sorry we cannot help you".   I honestly do not remember opting in for any rate hike.  Its no wonder credit card companies have such a bad name.  I really thought GM was different but they turn out to be just as slimy as the rest.   As you can imagine, I am very down on GM.  I hope no one out there does business with them. 

This report was posted on Ripoff Report on 01/04/2010 08:21 PM and is a permanent record located here: http://www.ripoffreport.com/r/GM-Credit-CardHBSC/internet/GM-Credit-CardHBSC-GM-Credit-card-HBSC-Internet-549771. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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