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Report: #370913

Complaint Review: Advanta Bank Credit Card - Salt Lake City Utah

  • Submitted:
  • Updated:
  • Reported By: Pelzer South Carolina
  • Author Confirmed What's this?
  • Why?
  • Advanta Bank Credit Card 11850 S ELECTION DR Salt Lake City, Utah U.S.A.
  • Phone: 800-7057255
  • Web:
  • Category: Banks

Advanta Bank Credit Card Loan Sharks Dishonest Business Practices Salt Lake City Utah

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I have been a business customer of Advanta Bank for 8 years and I have a business mastercard from them.

I pay online, on time and have never been over my credit limit, up to August, 2008 my APR was 14.99%, I just found out that starting this month, Sept, my new APR is 30.08%.

When I received the pamplet titled "Upcoming Changes To Your Advanta Business Account" and read thru it and came to the part about Opting Out I realized the pamplet had arrived after the closing date for opting out.

All of this came to light over the weekend and I am weghing my options on what to do and will call them tomorrow but I will refuse to pay 30% interest.

If anyone has suggestions I woukd liove to hear them.

Jim
Pelzer, South Carolina
U.S.A.

This report was posted on Ripoff Report on 09/08/2008 01:40 PM and is a permanent record located here: https://www.ripoffreport.com/reports/advanta-bank-credit-card/salt-lake-city-utah-84130/advanta-bank-credit-card-loan-sharks-dishonest-business-practices-salt-lake-city-utah-370913. 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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