U.S. Bancorp Credit Card Complaint

U.S. Bancorp Credit card department,

APR or interest rate Kansas

I presently have a credit card with - - in -, Kansas at a fixed rate of 6.90 %. - is no longer going to service the card, but instead is having the card serviced by Elan. I received a letter with the following clarification statement : " Will my interest rate change? No, your current rates and terms will transfer to your new account. '' Today I received a letter from Elan stating that the rate would be a 6.90 % variable rate. I have contacted both - and Elan and both state that they can not do anything about that rate change. As there are a significant number of cardholders impacted by this change, and many will likely have similar rates, this is going to have a negative impact on a large number of consumers.