Credit Card client since 1978 with few if any late payments. Was not carrying a balance, paid on time, excellent credit rating. Yet in 2009 they felt the need to nearly double my rate from 6.9% to 13.5% at a time when the prime rate was at an all time low. When I contacted them their response that they had some business dealings that drove up the cost of doing business. In other words, they had provided credit to bad risks. Sorry kids, don’t want to do business with a credit card company that can’t manage risk. When they refused to restore my rate, I closed the account. I refuse to buy gas and oil from them as well.
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