I had a Lowes credit card but never used it. I was given the 5% discount on whatever I purchased at Lowes. My stove went out and I purchased one with a total of $400.00. Minimum payment was $15.00, so I paid $30. Their interest rate are 24.99%. I wanted to pay this off as soon as possible. I made the $30.00 payment for 3 months. My next bill stated my "minimum payment" was now $25.00 per month!
Lowes raised my minimum payment to keep me from paying off the balance quickly.
When I called their office and asked about it, I was told "they had a meeting" and decided to change the payment amount, however, Lowes fail to tell me about it and I but none of their other customers!