Advanta raised my rate to 35.9% from 8%. I have never had a late payment or been over my limit. I have never ever had a late payment or a blemish on my credit. This type of scam should be illegally. I can't believe that in a democracy this is allowed to happen. Unfortunately due to businees travels, I just got opened my statement and saw that my minimum payment went up by $100. I called Advanta and they pretty much told me I am stuck with this rate because my opt out time has passed. They claimed that they sent me a letter. I have not seen or received a letter. No one is granting business credit at this point. I don't know what to do?

I am willing to close my account and go back to my old rate. They won't allow me to do this. I have escalated to a supervisor but was told the same thing. I am sick to my stomach to think that I am stuck with this rate.