• Report: #48072

Complaint Review: NACS & PREFERRED MERCHANTS BANK

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  • Submitted: Wed, March 05, 2003
  • Updated: Wed, March 05, 2003

  • Reported By:Tucson Arizona
NACS & PREFERRED MERCHANTS BANK
P.O.BOX 41127 ST. PETERSBURG, Florida U.S.A.

NACS & PREFERRED MERCHANTS BANK RIP-OFF DECEPTIVE COMPANY IN CREDIT CARD SCAM LIARS THIEVES ST. PETERSBURG FLORIDA

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This company contacted me around November 2002 with an incredible deal of a major credit card with no interest fee, a $2500.00 credit limit and a one time processing fee of $200.00 that I would get back in two $100.00 coupons that I could use to pay off my balance. All lies.

After the supposed 6 weeks it would take to get the card and welcome package, I called to find out it is not a visa or mastercard, only good to get overpriced home decorations, appliances, kitchenware, and cheap jewelry. At that point I tried to cancel and get my money back, but it was too late - non-refundable.

I waited another two months to get the catalogs and the card. Finally I recieved the envelope, started to go over it and found out that to use the $200.00 credit I had send another payment of 30% of the total order.

There is no way to get your money's worth. If you don't orderfrom them in two month's they charge you another $33.00 for non-activity on the account without notice of what day they will automatically withdraw from your checking account.This company is doing fraud. Watch out for them.

Rafael
Tucson, Arizona
U.S.A.

This report was posted on Ripoff Report on 03/05/2003 12:54 PM and is a permanent record located here: http://www.ripoffreport.com/r/NACS-PREFERRED-MERCHANTS-BANK/ST-PETERSBURG-Florida-33743/NACS-PREFERRED-MERCHANTS-BANK-RIP-OFF-DECEPTIVE-COMPANY-IN-CREDIT-CARD-SCAM-LIARS-THIEVE-48072. 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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