My story is similar to others submitted here. I've had a business Advanta card for over a decade, starting out at about 14%. This month I noticed that the interest rate had jumped to 37%. I called Advanta and was told that they sent a letter out in August notifiying me of the proposed hike in rates. Sorry, I didn't read it. When I complained, they said they could lower the rate to 30.1%. I said that was unacceptable and that I would stop using the card and pay off the $40, 000 balance as quickly as possible and then close the... read full review »