Credit One Bank
Internet
United States of America
|
|
Credit One Bank Finance Charges Ripoff Internet, Internet
*Consumer Comment: Normal
1Author
1Consumer
0Employee/Owner
This credit card company has a lot of hidden fees. One that bothers me the most is that you're charged finance fees daily. Even if you pay the balance off the same day you charge, you will still be charged a finance fee. If you try to reason with them, it's almost impossible. They just want your money. The annual fee alone is too expensive and they still want to charge you a little here and a little there. This has been a troublesome experience. Please don't bother with this company. God bless and consumer beware.
Click Here to read other Ripoff Reports on Credit One Bank
REBUTTALS & REPLIES:
1Author
1Consumer
0Employee/Owner
Updates & Rebuttals
#1 Consumer Comment
AUTHOR: Robert - Irvine (U.S.A.)
SUBMITTED: Monday, December 26, 2011
POSTED: Monday, December 26, 2011
One that bothers me the most is that you're charged finance fees daily. Even if you pay the balance off the same day you charge, you will still be charged a finance fee.
- I guess that this is either your only credit card or you have never read the terms of your other cards. Because just about every major credit card has been charging daily interest for several years.
But let's really think about what you are complaining about. Not knowing how much you want to spend or your interest rate let's say you have an APR of 29%. This equates to a Daily rate of about 0.0794%. With a $1000 purchase that equates to about $0.80 per day in interest. Of course it even becomes less if you are not spending that much or your rate is lower. If this bugs you that much then just wait another day to be able to pay cash for your purchase and don't give them a single penny in interest.
The annual fee alone is too expensive and they still want to charge you a little here and a little there.
- Then shop around for your credit card. There are actually a lot of cards that do not charge a fee. But if you use the card then you agree to the terms this includes ALL of the fees.
