Discover Credit Card Complaint

Discover Credit card department,

APR or interest rate California

In -/-/-, I performed a balance transfer to Discover Card with a creditscore of approximately -. - months later Discover has issuedan 18.99 % interest rate. My credit score is now -. I have - creditcards, of which - I cancelled ; A gold card - with a balance of $470.00 with unlimited purchase, a - card with a balance of $780.00. I have another active and initial purchase range to $17000.00. Amex/Costco card with purchasing up to $14000.00, a balance of -. After I inquired about the high interest rate, Discover sent me anemail on -/-/- stating it had increased my credit limit an additional $3100.00 ; and in an initial conversation stated it would lower my futurepurchases to 16 % +. I declined! In the initial offering for a balancetransfer, it stated the interest would be - to -. One might expect with nearvery good to excellent credit, the lower rate would apply, and anythingwithin theupper limits might apply to anyone with alower/riskier score. After numerous conversations to ascertain whymy interest rate was so high and having a present credit score of -, what was the rationale that warranted the high interest juxtapose to the10.99 %. Discover sent me another email with thesereasons ; % of balances is to credit limits is too high on revolvingaccounts ; Too many accounts with balances ; Proportion of loan balances toloan amounts is too high.Yet, Discover is willing to increase my credit limit an additional $3100.00. Obviously my credit score and Discover 's desire to lend me morecontradicts these assertions. After you have read this, if you need. I have the email sentadditional information is needed, please contact me. I have the emailfrom Discover regarding the credit card limit increase, etc. - -