- Report: #502497
Complaint Review: Applied Card Bank - Cross Country Bank
| Applied Card Bank - Cross Country Bank P.O. Box 15188
Wilmington, Delaware United States of America |
|
Applied Card Bank - Cross Country Bank Formerly Cross Country Bank Raised THe Annual Fee To Outrageous Amount Wilmington, Delaware
*Consumer Comment: Sign of the times
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This report was posted on Ripoff Report on 10/01/2009 05:37 AM and is a permanent record located here: http://www.ripoffreport.com/r/Applied-Card-Bank-Cross-Country-Bank/Wilmington-Delaware-19885-5188/Applied-Card-Bank-Cross-Country-Bank-Formerly-Cross-Country-Bank-Raised-THe-Annual-Fee-502497. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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Search Tips#1 Consumer Comment
Sign of the times
AUTHOR: Flynrider - (U.S.A.)
SUBMITTED: Thursday, October 01, 2009
They are extending unsecured credit lines to high risk borrowers. Actually, I'm surprised that they haven't just shut the card program down, like most other players in this market.
You need to realize that the kind of credit they're extending has become extremely expensive. After the trials of the past year, most banks are not willing to even consider an account with a poor credit risk. If they do, they're having to charge a large premium to cover the risk. If you read your card agreement, I'm sure that you'll find that they are within their rights to change the fees charged, and you are also within your rights to choose not to accept the higher fees. Just pay the card off and you're done.

