ED Magedson – Founder
TRIBUTE MASTERCARDpo Box 105555 Atlanta, Georgia United States of America
After faithfully paying more than minimum payment each month on time for over 2 years, Tribute has decided to close my account without notice. This was done less than one month after they increased my credit line and charged me the annual fee.
No notice was received and has not been received as of yet from Tribute. Found out account closed when tried to use card to purchase prescriptions. I called Tribute customer service inquiring why could not use card and was told "not a reflection of my credit, just a management decision to close accounts due to economic atmosphere in US". Tried to communicate with service rep, but English was a barrier.
What a scam this is! They establish an account for you, give you regular increases due to good payment record, and after several years of making above minimum payments close your account WITHOUT notice and charge you an annual fee to boot.
Companies like this should be liable to the public and fined to the limit!
This report was posted on Ripoff Report on 09/14/2009 12:43 PM and is a permanent record located here: http://www.ripoffreport.com/r/TRIBUTE-MASTERCARD/Atlanta-Georgia-30348-5555/TRIBUTE-MASTERCARD-GETTING-THE-SHAFT-after-paying-more-then-minimum-for-over-2-yrs-In-A-494678. 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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