Could anyone on this board tell me what MBNA's definition on "recent increases in the costs of funding our credit card portfolio balances"?I take that i am un-profitble to them.Is this the case?Your answers are greatly apprechiated.They did give me the right to reject the change by closing my account with them.
I REFUSED A 1.00% INCREASE IN MY INTEREST RATE BUY CLOSING THE ACCOUNT AND NOTIFYING THEM I AM NOT INTERESTED IN A HIGHER RATE...AFTER THREE MONTHS I HAD A NOTE ON THE BILL SAYING COME BACK? So I called and they said I made a mistake in closing the account because I lose all rights to special deals offered from time to time. Make a long story short, he re-opened my account and reduced the 13.99% rate to 9.90% till January 2001 and my increase to 14.99% is cancelled. GO FIGURE???
