• Report: #6815

Complaint Review: NextCard Visa

  • Submitted: Tue, September 25, 2001
  • Updated: Tue, September 25, 2001

  • Reported By:Clearwater Fl
NextCard Visa
P.O. Box 60610 Phoenix, Arizona U.S.A.

NextCard Visa-- Nextcard.com RIPOFF BEWARE credit card with a low interest, then raises interest rateVERY HIGH with no notice!!

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In January of 2001 i ordered a NextCard Visa at Nextcard.com, they advertised a FIXED RATE of 12.99%. I transferred $6,000.00 off of my other credit cards to this card with it's supposed wonderful 12.99% FIXED RATE, Within eight months my interest rate jumped to 20.00%,they raised this rate without even notifing me, which is illegal.

When i called them, they said they had sent me a letter of notification, which of course was a HUGE LIE!! they also stated they can raise my interest rate whenever they want to. By the way i was never late ever with a single payment to them.

They had absoulutley no reason to raise my interest rate, but they did,since this incident i have spoken to many people who have said this credit card company is one of the biggest RIP-OFF companys in business today. PLEASE BEWARE OF THIS SCAM!!

This report was posted on Ripoff Report on 09/25/2001 12:00 AM and is a permanent record located here: http://www.ripoffreport.com/r/NextCard-Visa/Phoenix-Arizona-85082-0610/NextCard-Visa-Nextcardcom-RIPOFF-BEWARE-credit-card-with-a-low-interest-then-raises-in-6815. 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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