Established Member
Givemesomecredit
Posts: 29
Registered: ‎06-01-2008
Re: Advanta, No Way, No How!
I read on another forum that they are doing this to lots of their business customers across the board. Many who are like you. They don't have any baddies, recent dips in their scores, or bad history with them. Nothing to warrant jacking their rates.

Was the notification on a small slip of paper or letter form? If it wasn't a letter, I wouldn't take it personally.

I think they are ratejacking to make more money. Luckily you were able to BT to another card. I'm sure many others will follow suit. Hopefully lose so much business from BTs to other cards that, they'll think twice about doing this in the future. But I suspect not everyone has that option to just BT and they'll be stuck paying this outrageous rates. It may just be business, but it's not nice.