I received a letter from "CCA 1st National Card" in the mail today stating that I had been approved for a credit line of $6500 and all I had to do was call and activate the card.
This letter was different from other credit card letters that i had received in the past. Real credit card companies don't just send you a new card unless you've applied for one and have been approved, but this one had the new card with my name on it. This one said that it was very important to retain the letter because it had a special approval code on it.
It also said in fine print that you would be required to pay a fee of $200 to be a member of the CCA 1st National Card organization. You're supposed to get a brand new credit card with a high limit in the mail, activate it with an approval code and then pay $200 to these people as a membership fee!
They want $200 or $199.99 for an activation fee. Credit Protection and Security Guard fees of $99.99 a year.
Annual Membership fee of $198 for the first year and $99 for every year thereafter. Rush processing $29.99. Late payments $15 Returned checks $20. Minimum monthly payments of $300.
If you place this card side-by-side with a real card, you can very clearly see some obvious mistakes!
It doesn't even have a financial institution's logo on it other than the fake 1st National Card logo and some reflective globe inside an oval box. Plus, there is no security code on the back.
Recently I have applied for some credit cards in the hopes that I could help rebuild my credit. That is the only reason that I gave this more than just a glance. I have applied for so many, I couldn't remember if this was the name of one of the companies or not. All I had to do was read the letter to realize that it was a scam.
I have read several reports on here about this company, and I must say that I just don't understand how someone could read the letter and think it was a good idea. I know I can't afford all the fees you have to pay in the beginning.
Now anytime I receive any kind of financial offer in the mail, I google the hell out of the company that is offering it before I even think of going along with it.
Good luck to all of you who have been taken advantage of by this blood sucking company. I really do hope that you get things back to the way they should be when all is said and done.
Duck Ditch, South Carolina