Aleksander Xhp
map-marker Lucerne, California

6.99% TO 16.99% Then 35%= "Fraudulan"

They hook you in at approx. 6.99% then abrupely go to 16.99%, but THE kicker in the asser comes with NO explaination, 'cause this bank is in obvious trouble, and now will stick it to ALL, no matter how you've overpaid the min. balance, or how good your credit rating is...there's isn't, they are failing in my opinion and observations, and pulling in the life preservers for themselves before they sink! Shop around before you pay 35% interest to a failing bank!!! Failing banks are like and are ***, they're everywhere...here's your sign
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1 comment
ec Vim

Alot of banks are shafting their customers with interest now that the market is bad...

Anonymous
map-marker Madison, Wisconsin

Sold advantra freedom 2 but charged for freedom1

I bought advantra freedom 2 through coventry health care for $0 a month plus my ss health deduction.They put me down for freedom2 at $98.00 a month plus my SS health deduction.I have tried to have it changed for 10 months but they refuse to do it. I also called to find out the cost of a prescription they told me $85.00 but when I got the bill it was $165.00! I can get it from Canada for $110.00. I am changing my insurance November 15. Seniors don't use advantra insurance I have had other problumes with them.
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ummhumm M
map-marker Boynton Beach, Florida

Advanta ***!

Signed up with Advanta approx 9 months ago, with a fixed 2.99% interest rate for balance transfers and a 7.99% lifetime rate on purchases. yeah, right. My latest statement arrived in the mail on Friday and my interest rate is up to 35%! I pay my bills early, and always over the minimum! When I called 2 months ago to dispute the 30% rate increase, they said there was nothing they could do because this rate increase was related to my "credit profile". The same excuse as everyone else has heard. My credit rating is excellent, and I still have this treatment? WHY?? What can we do to stop this? Does anyone have any ideas? I will be writing letters to congress and the media about this, but I still have to pay my bills and try to keep my credit in good standing.
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Loss:
$8500
Saidah Qns
map-marker Lenoir, North Carolina

Advanta Bank Scam !!!

I have had an Advanta Bank credit card for two years....I have NEVER been late on ANY payments to any of my creditors for over 20 years...my FICO score is VERY good...my Advanta interest rate started at 0% and then when to 7.99% (as per their original offers)....THEN..overnight with NO warning my my Advanta interest rate jumped to 25 % ...I called the *** Advanta customer service people about all this and they were USELESS. After reading all the other posts on this board I realize all this is just a SCAM..I am cancelling the Advanta account....If I wanted to pay pawn shop interest rates, I would GO to a pawn shop...I cannot believe Advanta can CONTINUE to run this flagrant scam and not get shut down by the Feds..there is a special place in *** for these bloodsucking cockroaches.
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2 comments
Guest

no kidding. they told me they gave me a notice and i looked through all my paperwork and did not see any notice. i transferred my balance and that is it for that company.

Guest

Advanta jacked upy rate from the intro of 7.8 to over 31% without any warning that one could figure out. I closed out my account.

I hope advanta goes under. They should rename themselves "TAKE ADVANTA" (age)

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HTKENNEY
map-marker Stevensville, Maryland

Advanta Business Credit Card - Warning

Been a customer for 9 years. Never late, never missed a payment, never went over limit. Even got new cards last month and a increase in limit. Fast ward....opened statement and they raised my interest to almost 36%. Called, no they would not lower it, no explanation given, said they sent notice, never received one. Credit score is 780.....Sold stocks, paid it off, closed the account. Kicker is, they did this right after I charged a large amount at a Gift Show (I'm a retail store). Don't use this company. I'm looking into a class action suit.
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5 comments
Guest

They did the same thing to me and many many others. If you would like to join our class action lawsuit, please e-mail me (take out the pluses) dec+458+@+msn+.com.

Guest

Advanta did the same to my business as the post by HTKENNEY

Please post any relevant information when you file a class action lawsuit-

They are crooks!

I was planning to call Advanta -but after reading numerous posts on various boards- will not waste my time. Looking to transfer to a different 0% intro card- any suggestions are appreciated.

Guest

I think a class action suit is a fantastic idea! It seems that they are doing this to everyone that actually pays their bill!

Guest

Ther was fraud on my card and they gave me a credit then charged it back.. so I did not pay for the remaining balance they are crooks...

Guest

I've had the same experience. Never late, always paid on time plus extra for years.

One day my interest rate is 7.99% and within one week they increased it to over 26%. No call, mail or notice. I am having it transfered as we speak. This is unbelievable.

I will be speaking with a friend of mine, a state representatives about this immediately. This is unlawful.

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lynda Jzt
map-marker Danville, California

Small business bait & switch--raised rates for no reason

Was solicited last year to get a promo rate of 7.99%. The bank kept sending checks. Called in July to check on cash advance fees and interest rate on the cash advance (same 7.99% rate) if I used it. So, I used a little of my line to pay a contractor. Next month, they pull my credit reports (2 of them and they are both stellar), supposedly reviewed my history with them (let's see, I never paid less than 3x the monthly minimum and was never late) and then jacked up the cash advance rate and future charges interest rate to 22.9%. Customer service (disservice) wouldn't even discuss it, or refer me on to someone else who could at least try to give some rational explanation. Maybe Advanta is on the brink of failure just like other banks these days. In any event, their reputation is mud in my book and I would encourage others to do business elsewhere.
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3 comments
Guest

I'm in the same boat. I did $240,000 in charges with Advanta in the last 12 months.

I have NEVER been late with a payment and have paid off my balance every month. There were 2 months where I paid all but about 10% of the balance by the payment due due but I STILL made up for it the next month. My rate went from 7.99% to 25.08% in ONE month. When I spoke to a supervisor, he told me that based on my payment history and the economy the way it is, that 25.08% is the best rate they can offer and said it's an incentive to get me to pay down my balance, which at the time of the call was $1600 on a $25000 credit line.

When I asked him how more than tripling my rate is an "incentive" to pay down my balance, he stumbled and just said that's the best he can do.

They just lost a great customer. Bye bye Advanta!!

Guest

Just saw that they pulled the same *** on me as well. I never got a letter either.

I am sitting here waiting for a call back from them. My FICO scores are in the 790s, so it is obvious this is a bait and switch ripoff.

Fortunately, I only used the card for the first time last month and owe $300.00 and just paid it off and won't use the card unless they make the same offer (or better). FYI, they offered 14%; however, I can do better.

Guest

same boat here, 7.99, they claim they sent me a notice in july that it was going up (never received it) now it is 25.08%-they won't make any money on me, I am paying it off and closing it-Advanta sucks.

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Machi Euc
map-marker Oceanside, California

Advanta Credit Card are corporate thieves.

I cannot believe Advanta. I have been a good customer for years, and had 7.99% without a problem, even after a late payment. But now, just 3 months after I take advantage of a $10,000 cash advance that they promised would stay at 7.99%, they have raised it to over 30%!!! They can give me no justifiable reason other than "your credit report has changed". I asked "how"... They reply, "you just don't deserve a 7.99% rate anymore" Can you believe this? I was on time with payments, and a good customer for years. Not anymore. Next call is to a bankruptcy lawyer, and Advanta can choke on the fact that they will not get a dime back from me now. Idiots. I hope the greedy bastards burn in ***... how can they conduct business like this? BOYCOTT ADVANTA LIKE THE BLACK PLAGUE..... DO NOT GET a Big Cash Advance... once you do they know they have you. ...and where the *** are all the class action lawsuit lawyers???
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1 comment
Guest

They did the same thing to me and many many others. If you would like to join our class action lawsuit, please e-mail me (take out the pluses) dec+458+@+msn+.com.

Anonymous
map-marker Eureka Springs, Arkansas

Advanta Bank Corp ..is this legal ?

I was shocked to see that after dealing with Advanta for several years they raised my interest rate to 35.08 %. Yes, I too thought that was a misprint 35.08 %. I called an spoke to one of their representatives ( I'm pretty sure he was in India ) who advised me that after checking several sources including outside of Advanta they thought I would be a credit risk. ( So they raise the rate ??? ) I asked if he showed I was ever late on a payment to Advanta and he checked and said no BUT other outside sources were involved in the decision to raise my interest rate. I asked if he thought an increase from 16 % from last month to 35 % to this month was high. He could not answer that. He checked to see if they had a lower rate for me but no. 35 % was the best they could do. I hung up and immediately paid off the entire balance. They they will get no more money from me !!!
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3 comments
Guest

It just happened to me. I called them and got NOTHING.

I wanted to know why and they refuse to tell you. I am beyond pissed. 7.99 to 26%. For NO reason.

I checked my credit score 884, no balance to limit problems, no financial situation change.

I have had the card 9 months. This can't be legal.

Guest

Use to work for Advanta many years ago. They raised the rate on my husband card while I work for them.

They told us that when they do that they want to get rid of you. Sue the heck out of them. I cancelled our card and never looked back.

Quit that *** job too. Was not paying mcuh for all the work they wanted you to do.

Guest

They did the same thing to me and many many others. If you would like to join our class action lawsuit, please e-mail me (take out the pluses) dec+458+@+msn+.com.

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Agristeel
map-marker Atlanta, Georgia

Raised our rates for no cause.

14 months of 7.99% interest. Always paid on time, used the card as our sole business card. We opted for their 7.99% loan for $10,000. and after we made our first initial payments they raised the rate to 29 %. When I phoned to complain, and asked for what reason, the representative said that their was no reason, they just weren't making enough on our account, so they raised our rate. This is why credit card companies need more regulation. What other industry can change a interest rate after the fact. Their representative said that I was sent a mailer that they were going to raise the rates, and if we didn't send it back that we wanted to opt out, than it was perfectly legal to raise them. I committed the sin of omission. I didn't read the small print form and I didn't send it back, thus my rates were raised, my fault. What a scam, we immediately closed the account. In my opinion Advanta is the worst card company you could ever be involved with. John
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1 comment
Guest

OMFG!

I cannot believe Advanta. I have been a good customer for years, and had 7.99% without a problem, even after a late fee. But now, just 3 months after I take advantage of a $10,000 cash advance that they promised would stay at 7.99%, for no justifiable reason they have raised it to over 30%!!!

I hope the greedy bastards burn in ***... how can they conduct business like this to loyal customers?

BOYCOTT ADVANTA LIKE THE BLACK PLAGUE.....

and where the *** are all the class action lawsuit lawyers???

shmgmt
map-marker Poughkeepsie, New York

Advanta, with no warning increased from 7.99 to 20.8%!

ADVANTA Master Card Complaint.This year we were solicited and agreed to transfer credit and join Advanta Master Card Business and their offer for 7.99%, on time, great credit standing, out of no where they increased my intrest to 20.8%. If my sister did not call me to confirm my interest hike, I had no way to know that this just happened, with NO warning, this is illegal. When I called, the customer service girl said "well, it is because of the poor economy you know", with a perfect credit score and on time over payments each month, I said yes, I know, the economy is bad, so Advanta is kicking us in our teeth, robbing us and making us even lower! They must be stopped, this "Bait&Switch" scheme on small business owners, in this economy is disgusting!
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tperto
map-marker Plano, Texas

Advanta taking advantage of small business

I have experienced the same issue with my interest rate going from 7.99 to 24.99 with no notice. I called and they claim to have sent a letter of this change yet that is not true they send you those checks out every month and printed the change on the back and no one notices until they go to pay their bill earlier and notice there finance charges have risen to an unafforable level. Does any know which attorney generals office to file a complaint with? If so please post. Thank you another irrate customer just trying to make a living
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krkerwin
map-marker Carson City, Nevada

Advanta Bank Corp Credit Card Fraud

Nov. 2007 I applied for a credit card from Advanta with a zero interest rate for 12 months and paid my bill on time. Jan 2008 I received a notice from Advanta that $90 was overdue. I contacted customer representatives who refused to acknowledge that the payment had been made. The overdue charge triggered late fees and increased my interest rate which is currently 29.99% I contacted the FTC (Fair Billing and Credit Act), FDIC (Regulation Z), BBB, locally the Nevada Attorney General's office, and writing a Federal Complaint against Advanta Bank Corp which will be posted online.
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46 comments
Guest

Advanta jacked me on the LATE PAYMENT SCAM. I was paying my bills every month on time for the past 2 yrs then suddenly I noticed I haven't been receiving my bill invoice in the mail.

So I call them up and they said they mail it out but mail was undeliverable! WTH!

So they had to charge me 3 month of LATE PAYMENT FEE. (SCAM!)

Guest

Add me to the list......exact same problem all the rest have had. If anyone gets anywhere in the fight, please pass the info along. I will do the same.

Guest

Advanta allowed my office manager to open an account "for the business" over the internet. She used my Social Security Number, a fraudulent phone number, her own e-mail address and gave the wrong address.

Advanta gave her a card!! She then opened a 2nd account with only her name on it, making me the responsible payer. When I finally figured out what was going on, Advanta told me they called me to get my permission via the phone number on the application. That phone number is and always has been a non-working number.

Advanta stated they had a transcript of the phone call proving I agreed to this application, but they cannot find the transcript.

The Patriot Act of 2003 states that a financial institution should not give credit to a person or entity without proving the person is who they say they are.

Advanta says since the application was done over the internet, they do not have to prove it. This is a *** company that has screwed a lot of people out of their hard-earned money.

Guest

Advanta allowed my office manager to open an account "for the business" over the internet. She used my Social Security Number, a fraudulent phone number, her own e-mail address and gave the wrong address.

Advanta gave her a card!! She then opened a 2nd account with only her name on it, making me the responsible payer. When I finally figured out what was going on, Advanta told me they called me to get my permission via the phone number on the application. That phone number is and always has been a non-working number.

Advanta stated they had a transcript of the phone call proving I agreed to this application, but they cannot find the transcript.

The Patriot Act of 2003 states that a financial institution should not give credit to a person or entity without proving the person is who they say they are.

Advanta says since the application was done over the internet, they do not have to prove it. This is a *** company that has screwed a lot of people out of their hard-earned money.

Guest

Same issues as everyone else. One late payment in March 2010 after 3 years (by 48 hours) and boom -- interest from 2.99% to 34.99%.

Called to work something out and was offered credit counseling. Abusive practice for a company that declared bankruptcy and the Feds closed in February 2010.

Guest

This is rip off business owners of this bank ,they liers ,cheating money from USA business people ,I hope gorverment FDIC give them a big warnning closed them down for cheating american good people .Never trust them anything they said at all.

Guest

I'm having the same issues as everyone else - I'm sick to death of the harrassing phone calls - 10 times yesterday on my cell phone while I was trying to work. They call first thing on Sunday morning - they even called me on Christmas day! I am refusing to make any more payments until they lower my interest rate back to something humane - it's currently at 32.9%.

Guest

Advanta went after your personal credit report for this non-sense! Check up on your personal consumer credit reports.ASAP You will see Advanta on there!

Make sure you fight them and send the consumer reporting agency a dispute letter make it certified mail return receipt!

Advanta FILED FOR BANKRUPTCY!

Now they will all loose their jobs!

Guest

Having problems with repeated calls from Advanta call center in India attempting to accelerate payment by claiming that I need to make a phone payment to wave late fees ??? and additional interest charges.

I have never be 30 days late on any payments. On giving a phone payment I get repeat call requesting more money???

How can Advanta allow this to go on

Guest

I used one of their checks for 3% fee. Called customer service twice to verify final pyt due date.

Was told both times January 2010. Nov 1, 2009 started charging finance chg. Talked to people in India twice, told them to check records.

Tried to pay off balance and system won't accept final pyt. I would consider this fraud.

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Anonymous
map-marker Sacramento, California

Advanta Bank ruined my excellent credit

I closed my Advanta account for over a year and then out of nowhere, I get a balance and without any knowledge other than a 90 day late payment notice on my credit report did i find out that somehow my card magically opened itself up, charged, then closed again. I tried calling the company without any help and they went straight to the collection agency. I am afraid that they might add more charges without my knowledge!!! Consumer please beware of this company. They ruined my credit that was perfect and i am not sure how to erase them from my past or be aware of another fraudulent charge. Please FEDS investigate these crooks- companies like these make America Bad!
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Loss:
$10
Daryll Qmr
map-marker Albuquerque, New Mexico

Advanta Card Fraud

Recently I was made aware that my 7.9% interest rate was now 25%. I have always paid my bills on time and have never been late with this card or any of my financial obligations. Researching this I see there are many complaints about Advanta doing this to many consumers. This of course will hurt my credit score. Advanta said they sent a letter as if this justifies them being able to rip off the consumers. Please get the word out about these fraudulent tactics by Advanta business card. If government really wanted to help our country stopping credit card companies like these would be a good start. God Bless America I love this country but it's a darn shame these companies can do this type of thievery to the consumers.
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4 comments
Guest

Advanta doesn't normally report to your personal credit report but have recently starting doing so for anyone who has refused to pay or missed payments.

Guest

Please e-mail me at:

1. dec

2. .458

3. @aol

4. .com

(Add each part together to get e-mail.

if you would like to join a class action lawsuit we're working on against Advanta.

Guest

Good to know if that is true but you MUST work for advanta if you are trying to say this thievery is justified to consumers mr. anonymous.

Guest

The change in rate has no effect on your credit score. That information is not shared with credit reporting agencies. And to see why your rate was changed, you can type the words "credit crunch" into google.

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Anonymous
map-marker Washington, District Of Columbia

Advanta Business Credit Card Crooks!

Today i checked my online account with Advanta and noticed something unusual. Long story short, they jacked me from 7.99% to a whopping 26.31% on Standard Purchases and 36.31% on Cash Advances. Let me point out that i have been a great customer for over 3 years with absolutely stellar credit, no lates, excellent history and spotless credit with all my other creditors. They started me out with $5,000 and within 18 months i was at $18,500. I have always sent minimum payments between $500-$2,000 and seldom carry a balance until recently due to other high interest credit cards. When i emailed Customer Service i got a standard computerized script about the ailing economy blah blah blah... With a middle FICO OF 796 I was told i am now a potential credit risk! Unbelievable! I will surely take legal action ASAP. I intend on costing them money now and tying them up in court cases etc. If anyone has any success stories as a result of a similiar situation please share it with me.. ADVANTA ARE CROOKS!!!
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3 comments
Jadea Mln

I will be contacting the Florida Department of Financial Regulation, the FDIC, and the Comptroller of the Currency tomorrow to begin complaint submission and request relief.

Guest

The Advanta Corp. is definately doing illegal operations with their interest hikes....

I would like to know how I can join together with others to initiate a "class action lawsuit".

I have contacted CA Attorney Gen. to file a complaint against Advanta.

I have not had a response so far.

Thanks.

Tim

20 Oct 2008

Guest

They did the same thing to me and many many others. If you would like to join our class action lawsuit, please e-mail me (take out the pluses) dec+458+@+msn+.com.

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