Ye, although you might wanna make sure and wait for someone else here to confirm my answer as I am not confident. Better yet, why don't you call the Lending Tree guys because they can help better...

One day I got the same notice you did and I called and didn't complain, but asked for an explanation... "We are concerned about your current balance on our account" I replied with something like "Well, I always pay on time, more than minimum, you guys are making money off me why penalize a good customer who you make money off of? If you don't want my balance, I know plent of CC companies that will"... long pause and explanation again and I (now getting kidna upset) said "You want my interest money or not? if so, then leave my APR alone" "Okay, sir, you made your point, I will set your apr to stay at your current levels".

Edit: I have a Platinum Plus BTW. Always been real good about CL increases..

Maybe I need to get my PLATINUM PLUS back...and DUMP QUANTUM???..

Same story here. I've been a Platinum + for about 4 years. I don't normally carry a balance, but I do charge about $12500 each month for business etc. I received a notice in the mail stating my rate would be increased. I wrote a nice one paragraph letter detailed my frustration. Much to my surprise I received a reply letter stating my account APR would now stay the same..

Since I don't carry a balance the rate increase wasn't a big deal, but it is just the principle. The moral of th story is call or write a letter if this happens to you. It might make a difference..

Regards,.

JP..

Update, Forgot to mention. Just because MBNA tried to do that do a good customer, I paid off my balance. Satisfied my desire for a little bit of revenge...

Over 6 years, and no increase??????????????. if it's not too personal, what is your CL with them..

I applied for MBNA about three years ago and spoke to a credit analyst who, while extremely nice on the phone, denied me because my credit history, at the time, was too short,.

Later I saw they did 2 hards - on Ex and TU..

That bugged me and about a year later I received an offer in the mail but decided not to apply because of the 2 inquiry thing..

Honestly - if ANY company that I currently had raised my interest for carrying a high balance - when my fico was over 700 - without any lates of derogs - I would pay them off and never use them again - even if they relented after a phone call or a letter..

As my grandmother used to say: What the F**k???????..

Jrjr.

I asked GEORGE last week and he posted his cl on the MBNA card..

If GEORGE chooses not to answer - I won't answer for him (RESPECT) - however - let's just say it's high - REAL high..

I understand you GEORGE your unhappiness for not getting any addt increases - however - IMO - your cl with them is probably as high as they'll go - even tho they CLAIM to give "up to" 100K...

Wow! I didn't realize that's what they're claiming....

Does anyone here have over 30K with MBNA?.

If so - tell us how you got it - so GEORGE can get his FAIR share..

Thanks everyone. I feel a little better because it seems like they are doing it to a lot of people. I still have a Quantum with them with a higher limit, but I liked having two accounts & it is in part the principle of the thing. I always felt like a good customer. I never complained that their interst rate was always on the somewhat high side. The funny thing is they recently sent me an invitation to upgrade the platinum plus to a qunatum rewards.

I probably will punish them a little and not use the quantum card much...

I have done everything I know to do....

I have done PFB maybe 3 or 4 times....

FAXED maybe 3 or 4 times....

Written letters...(SNAIL MAIL)....

Called 20+ times....

I have done a $30,000 BT (almost "MAXED") PAID IT OFF.

IN 6 MONTHS (that's $5,000/month payments)....

I have not used it for 6 months....

I have used it every day for months (PURCHASES)...PAID IN FULL EVERY MONTH....

The only thing I have NEVER done was do a CASH ADVANCE at the bank....

My most recent BT the young lady said it is ILLOGICAL that I haven't had a limit increase in 6+ years...BUT SHE COULDN'T DO ANYTHING ABOUT IT...(she would have to transfer me because she was in the BT department, not the LIMIT INCREASE DEPARTMENT).....

Well, get ready for battle, because these big banks are taking it on the chin from all directions - bad investments, high defaults. It's no surprise that they are going to jack rates where they can. Some people will be trapped by it, because they have nowhere to go...

Breeze and everyone,.

That's why it is important to have enough availiable credit to transfer balances with.This is the only way to stay out of any creditors trap such as interest rate increases.MBNA has raised my goto rate by 4 points because they said I have 3 accounts with over 80% used on them (almost maxed) but here's what's funny they told me that even tough they have raised my interest rates it would have no affect on me because I only use my card for BT only.So it boils down to one thing they are a pit stop by saying okay we will risk you for 6 months at a teaser each year but be sure that you are smart enough to transfer your balance off because if you don't you will pay!I am taking advantage of 3 0% offers with my other creditors so screw MBNA's dumba$$ decision to raise my interest rates,i will F#%& them every way I can! MBNA can't have it's cake,and eat it too.MBNA is based on risk,and none of my other banks have taken any action against me yet just because I have 3 cards almost maxed because I am only using about 48% of my total availiable credit.MBNA is a funny bank to deal with but they are nice about credit line increases...