My last post was about having paid my account in full; all payments posted and showing a $0 balance and yet it still only showed a $209 credit available. As an added note I pay them immediately because their interest is 49.9%, you read that right 49.9%. I'll quote them below, but bottom line is in their fine print they have the right to withhold credit for up to 20 repeat 20 days or longer if circumstances warrant to insure your funds clear. No payment has ever bounced they get funds immediately directly from my bank; this is plain bullsh*t. This is unbelievable.
Even banks can no longer hold funds for more than 5 days in this electronic age. So what is their if circumstance warrants conditions? What a f*@king rip. RUN DO NOT WALK FROM THIS BIGGEST RIPPOFF COMPANY THERE EVER WAS. I implore all people to right their congressmen and senators to real in these rippoff banks and credit cards; There is a bill before congress to reinstate states rights to limit interest charged; of which the banks are fighting.
Anyway, here's their statement to my inquiry;
At First PREMIER Bank's discretion, availability of funds may be delayed to ensure any payment (s) received have cleared. As indicated on the back of your billing statement or in your credit card contract, payments posted to your account may be held up to 20 days or longer if circumstances warrant. While the funds may not be available immediately, we have promptly credited the payment to your account to prevent additional fees and INTEREST CHARGES billing. Temporary payment holds can be avoided by making a guaranteed funds payment which do not require verification upon receipt. The following are guaranteed fund payment options:
" Debit Card Payment- call 1-800-987-5521
" MoneyGram ExpressPayment- Receive Code 6267
" Western Union Quick Collect - Code City "PREMIER" - Code State "SD"
" Bank Wire Payment - First PREMIER Bank ABA Number - 091408598
" MasterCard RPPS online bill payment service
We appreciate your business and look forward to serving your financial needs. If you have any further questions, please contact us at 1-800-501-4689