Advanta Credit Cards Advanta Bank Interest Rate Rip Off Tampa Florida

Similarly, Advanta raised my interest rate to 29.99% and would not lower it.

I also discovered they would surreptitiously raise the minimum payment even if there were no additional fees or charges (since Advanta filed bankrupsy cand closed all accounts, customers cannot even make charges). So what happens is that if a customer had set up an auto bill pay from their bank (i.e, always $150 every month), Advanta would raise the minimum payment to $160. So when the payment of $150 is sent, Advanta would say they didn't pay the entire bill and assess a $39 late fee and report it as delinquent!

To the original poster's issue with not lowering the interest rate, I had been dealing with the same problem. But when they pulled this minimum payment stunt they offered to lower my rate. They also told me that they'll lower the rate for any account if and only if it is delinquent. So if you are willing to pay your bill 15 days late (credit agencies usually will sometimes wait for a bill to be 30 days late before listing on your report), you can have your APR lowered.


There is a fee to lower your APR (the fee is applied to your balance). Tow lower your rate to:

• 16.99%, you must pay whatever your outstanding payment is,

• 7.99%, you must pay approx. 2.5X whatever your outstanding payment is,

• 0%, you must pay $1,000 (or approx 5X whatever your outstanding payment is)