In case everyone has not been notified. I was recently was notified by Advanta that they are closing ALL Advanta Business Card accounts as of May 31st. They say a 'trust' that had been funding their business is no longer going to provide funding. Check out their website for more information. Oh and of course, you still gotta pay them what you owe them. Gee you would think that with them charging interest rates in the 35+% range, they could make a profit... Sounds a bit strange... read full review »

It's not new but American Express' new practice of lowering credit limits is very much in their favor. Since it is entirely possible that it will affect your credit score they are lowering credit limits and then turning around and using your new lower scores and debt/to credit ratios against you to hike rates and do some of the other things that they have been doing to their customers that they have had for years. I had a long conversation with a rep at AMX and the one big thing that they kept bringing up was my overall debt to... read full review »