• Report: #1178

Complaint Review: First USA

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  • Submitted: Tuesday, January 25, 2000
  • Posted: Tuesday, January 25, 2000
  • Reported By:San Antonio Tx
First USA
PO Box 8650 Wilmington Delaware 19899 U.S.A.

FIRST USA FIXED RATE SCAM


1Author 0Consumer 0Employee/Owner

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In 1997 I responded to an ad by First USA to transfer higher balances to their card. They advertised a fixed rate of 3.9% for the fisrt five months and then a fixed rate of 12.99% after that.

Imagine my surprise when I received my statement yesterday with an interest rate of 21.95%. I pay my bill on time and have no credit problems with them or anyone else.

Now my interest has increased so much that my monthly payment only covers the interest.

When I called the "customer service" line they could not help me or explain why it happened. I was NOT notified of the change in interest!

What a rip-off!!!

This report was posted on Ripoff Report on 1/25/2000 12:00:00 AM and is a permanent record located here: http://www.ripoffreport.com/credit-debt-services/first-usa/first-usa-fixed-rate-scam-c982e.htm.

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