Tuesday, May 26, 2009

Advanta and Credit Card Woes

We've been using an Advanta MasterCard for our business for several years now. So today I get an e-mail that they're canceling all their credit card accounts - in four days. Thanks for giving me time to get a new card.Apparently we have not been like their typical customer. We paid our bills on time consistently. This article in Consumerist says that they had a 20% default rate. Hmm ... maybe we

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