Report: #34484

Complaint Review: Advanta Bank Corp. - Draper Utah

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Ripoff Report is Xcentric Ventures

Submitted: Thu, November 07, 2002
Updated: Thu, November 07, 2002
Reported By: — Longwood FL

Author Not Confirmed

Why?

Advanta Bank Corp. 11850 South Draper Road Draper, Utah U.S.A.

Phone: 801-523-0858
Web:
Category: Banks

Advanta Bank Corp. Random Interest Increases Draper Utah

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Our company has had an ADVANTA business credit card for several years. Two months ago they decided to increase our interest rate from 17.49% to 24.99%. When I called to ask why they had done this, I was told:

We periodically revue accounts and increase the rates as we see fit. This is based on your credit rating and other criteria. We do not currently have any specials available to you, so that is your new rate.

We have been paying this company on time and often in substantial payment of $1000 or more.

Jack
Longwood, Florida

This report was posted on Ripoff Report on 11/07/2002 09:19 AM and is a permanent record located here: https://www.ripoffreport.com/reports/advanta-bank-corp/draper-utah-84020/advanta-bank-corp-random-interest-increases-draper-utah-34484. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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