I was a Walmart credit card holder since 2000. Never late, never missed a payment.
They raised my interest rate on a $1,000 balance. Wrote to Mike Duke Walmart CEO. who must be an *** and explained that even Shylocks don't raise the interest rate on money already owed, that makes Walmart worse than Shylocks. I cancelled my account and will never shop Walmart again.
At a time when they should be catering to their customers they're driving them away. Congress was supposed to address this and other problems but they are in bed with the lending institutions.
Product or Service Mentioned: Walmart Credit Card.