"Warning"
GM Flexible Earnings Card Review
Written by: catch22 on 2008-01-09
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
catch22's review: 
They will raise your rate. I have had this card for years, paid on time, never went above the limit, never late on any cards, thought I was the perfect customer and wham, big rate hike, called to get it lowered twice and NO help. I will pay this off and never use again. 2000 points will never be used.
PLEASE don't fall for this card...
They will raise your rate. I have had this card for years, paid on time, never went above the limit, never late on any cards, thought I was the perfect customer and wham, big rate hike, called to get it lowered twice and NO help. I will pay this off and never use again. 2000 points will never be used.PLEASE don't fall for this card...
1 Comment
Comment 1 by porgy1000
Rate Hike 
on 2008-01-10
I understand your frustration. Chase did the same thing to me and my scores are just around 780. When I called chase to ask WHY all they would tell me is that they are doing it to everyone. Some answer, eh?
HSBC is in a major mess right now along with Wamu and others. They are raising rates on the customers that do pay, such as you to offset the ones that are not paying on their defaulted mortgages.
The banks are in financial ruins right now and this is just another way they are trying to raise revenue. I agree its WRONG, but nothing you can do about it. Capital One I have read on here has done it too. Just remember that Capital One ownes Greenpoint Mortgage that went bust in Sept and Capital One lost 14 BILLION on that alone.
on 2008-01-10 I understand your frustration. Chase did the same thing to me and my scores are just around 780. When I called chase to ask WHY all they would tell me is that they are doing it to everyone. Some answer, eh?HSBC is in a major mess right now along with Wamu and others. They are raising rates on the customers that do pay, such as you to offset the ones that are not paying on their defaulted mortgages.
The banks are in financial ruins right now and this is just another way they are trying to raise revenue. I agree its WRONG, but nothing you can do about it. Capital One I have read on here has done it too. Just remember that Capital One ownes Greenpoint Mortgage that went bust in Sept and Capital One lost 14 BILLION on that alone.
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Disclaimer: This content is not provided by Capital One Bank (USA), N.A.. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Capital One Bank (USA), N.A.. Review content is powered by Finance Globe.
Disclaimer: This content is not provided by Capital One Bank (USA), N.A.. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Capital One Bank (USA), N.A.. Review content is powered by Finance Globe.
