This is the worst credit card company in history. Eairler this year they closed my husbands Ultimate Electronics account due to "bad credit" which turned out to be because he was not using it. (we know because they kept the other card we had with them open because it was used) Then because we stopped using the other card we just received in the mail two days ago a letter stating that they were raising our intrest rate on the card to 29.99% due to universal default. We have never been late on this card as a matter of fact we have automatic withdrawl from our account to this card so it is never late. I will be paying off both cards in full and never again using anything from GE Money Bank.