06-05-2009 11:47 AM - edited 06-05-2009 11:56 AM
From the Advanta.com web site.
These are some of the Q&A from this link.
Q: Why are you closing my account?
Q: What should I do with my credit card?
06-05-2009 05:06 PM
I had the card and was on vacation in the Caribbean when they informed me. I really glad I brought a personal card with me as well b/c I would have been completely stranded. They literally informed us 7 days before closing them all out. No real notice or anything.
The sight does say that they are looking for an alternate lender, but who knows.
06-13-2009 12:34 AM
Advanta closed my Kiva Business Mastercard, cl: $10,000, last month. Now I won't be able to "give back to my community by giving out grants to deserving entrepreneurs from around the world"
thanks Advanta for now lowering my credit/debt ratio (credit score).
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.