Quote:
|
Originally Posted by BAGAGT1
I have an MBNA credit card, I haven't had it for long, but it has the best fixed rate I have ever had 5.99%. Fortunately, I haven't had to use it, but it is nice to know that I have a fixed low rate if I should ever have to carry a balance.
|
MBNA is infamous for changing their rates for no reason. Search the boards and you'll find several threads about this very subject. Happened to me. Had a "fixed" rate of 4.9%. One month, they bumped it up to 17.9% for no reason. Never late on my payment, always paid more than the minimum, etc. When I called to complain (good luck talking to a real person) it was a real fiasco and they would only lower my rate to 13.9%. I immediately surfed the debt and closed the account.
MBNA are snakes. Beware. IMHO -- You are best to avoid using this line of credit if possible.
-Jean