Those bastards! I have been with them since I went to Spain as a college student in 1992 (or so). I have transferred 2 other CC balances to them so they can be paid off at the APR rates of 6.9% and 4.9%, respectively. I had another portion with them that was at a reasonable ~10%. Well, logging onto their website today I see that my next payment due is more than I expected. A closer look at the most recent statement revealed that the 10% portion has just jumped up to 17%!!!!!!
I called them up, furious and demanded them to lower that rate. They said I can either accept the new terms or I could reject them. If I chose to reject them then once my card expired it will automatically be cancelled. I said fine, I reject!!! Assholes. I am not surprised though. Like Dave Ramsey says, they are all snakes.
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