Watch out, Visa con game
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Elder User
Joined: Mar 2003
Posts: 588
Likes: 0
From: AZ.
Watch out, Visa con game
I applied for a $500 max Visa Fusion credit line to use on the Net. They gave me $1000.00. I figured I would use it for my every day card so they could recoup the cost of issuing the card. I paid the first months statement off, about $400.00, 12 days before the due date. I then got a notice I was overdrawn for $11.00, that ran into the second months billing, added to the first months bill, called them and was told not to worry. I was then on the next statement charged $29.00 for over credit spending of $11.00. What a scam. When I threatened a complaint to the banking commission they immediately removed the fee. My gripe, a credit line is a credit line that no more credit should be advanced. They say they shut off the extra credit at up to $30.00 for customer emergency convince. I don't think $30.00 would be much of an emergency. It's a scam so they can collect the fee. Call, complain and get it taken off.
Posting Guru
Joined: Jul 2003
Posts: 1,978
Likes: 1
From: Alvin, Texas.
After I got a Nextcard online a few years back....and they went under for some SEC-caliber investigated hanky-panky, I swore off anything online--EvilBay, Paypal, you name it.
Nextcard was pimping itself as the card to use online.
Whatever.
Either way, since I got rid of my business and decided that runing a restaurant the rest of my life with a degree isn't what I wanted to do, I think I am going to finish paying off my already closed credit cards and never go back to a bank again. Burying a safe under a floor ought to do the trick.
Nextcard was pimping itself as the card to use online.
Whatever.
Either way, since I got rid of my business and decided that runing a restaurant the rest of my life with a degree isn't what I wanted to do, I think I am going to finish paying off my already closed credit cards and never go back to a bank again. Burying a safe under a floor ought to do the trick.
Post Fiend
Joined: Jan 2003
Posts: 10,323
Likes: 2
From: Montana Territory
This works well, most people that they issue those low limit cards to have less than perfect credit, or are just starting out.
They usually pay the bill, and don't complain.
You should still call the banking commision, or whatever its called.
They usually pay the bill, and don't complain.
You should still call the banking commision, or whatever its called.
Elder User
Joined: Oct 2003
Posts: 693
Likes: 0
I've noticed that a lot of credit card companies will start you out at good rates and even when you pay on time every time, you're interest rate mysteriously goes up over the years till it gets into the 20%+. (this is if you tend to carry a balance)
In the end, you got a maxed card with 20%+ and no other card that will offer to cover the entire balance on transfer.
Also seems like you have to mail payments way in advance these days or they hit you with a late charge. Some of the companies have been sued and lost cause they delay processing of payments and then tack on the late charge.
In the end, you got a maxed card with 20%+ and no other card that will offer to cover the entire balance on transfer.
Also seems like you have to mail payments way in advance these days or they hit you with a late charge. Some of the companies have been sued and lost cause they delay processing of payments and then tack on the late charge.
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