I have been a customer of Advanta for 5 years - they just raised my rate from 6.99% to 30.17%. Never one late payment in 5 years and always paid well over the minimum amount due. I overlooked my January 2009 payment due on 1/31/09, they called me on 2/5/09 and I paid immediately over the phone. They then told me that my interest rate would be raised from 6.99% to 30.17%. I spent 40 minutes waiting for a supervisor and he told me that they have zero late payment tolerance and that is the best rate. read full review »