GE Capital Retail Credit Card Complaint

GE Capital Retail Credit card department,

APR or interest rate New York

I have a Banana Republic Credit card, administered by Synchrony Bank. I 've had the card for a couple of years and maintained good standing / payments. The bank as recently informed its card holders that the APR is going up from - and already high 23.99 % to 24.99 % for no apparent reason, effective -/-/15. The company simply explains this increase : These changes are being made to align pricing across the Gap Inc. Credit Card program. '' It seems usurious for a bank to do this without any trigger. Perhaps it 's legal, but it seems unjust and plain greedy.