• Report: #778296

Complaint Review: platinum trust card

  • Submitted: Sun, September 18, 2011
  • Updated: Sun, September 18, 2011

  • Reported By: Natalie — Raleigh North Carolina United States of America
platinum trust card
4001 South 700 East Salt Lake City, Utah United States of America

platinum trust card I asked specific questions about this card. Can it be used as a credit card, can i buy gas and pay bills with the card. I was informed yes use it anywhere you would use cash and save the cash. I am o Salt Lake City , Utah

*General Comment: I am not understanding

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I received a call from these people after having applied for a loan. They had all my bank information and said I could get a credit card with a $9,500. limit. If I'm trying to get a loan obviously I don't have good enough credit for that kind of card. I have been trying to contact this company to make sure that they don't process the start up fees but I keep getting a recording that they" are having higher than normal call traffic" and to call back later. They are not open on the weekend. It worries me that they have my bank account numbers and can use them at will.I just tried to call them again. Still getting recording. I got my card in the mail and realized it isnt even a credit card at all and I have multiple charges on my account and i havnt even used the card nor can I because through research it is only for specific websites.




This report was posted on Ripoff Report on 09/18/2011 06:01 PM and is a permanent record located here: http://www.ripoffreport.com/r/platinum-trust-card/Salt-Lake-City-Utah-84107/platinum-trust-card-I-asked-specific-questions-about-this-card-Can-it-be-used-as-a-cred-778296. 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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#1 General Comment

I am not understanding

AUTHOR: EnoughJerks - (USA)

I went to the website and it clearly states in the terms and conditions,
NOTICE:

A ONE (1) TIME

BALANCE DEPOSIT OF EIGHTY NINE DOLLARS ($89.00) IS REQUIRED IN ORDER TO OBTAIN YOUR PLATINUMTRUSTCARD AND ASSOCIATED INFORMATION PACKET.  PLEASE BE ADVISED THAT MEMBERS WILL BE REQUIRED TO MAKE A REASONABLE INITIAL PAYMENT (UP TO 51% OF THE TOTAL PURCHASE COST) TOWARDS ANY AND ALL MERCHANDISE PURCHASES FROM PLATINUMTRUSTCARD AUTHORIZED WEBSITES.  YOU MAY PAY OFF THE FULL UNPAID BALANCE ASSOCIATED WITH YOUR ACCOUNT AT ANY TIME WITHOUT PENALTY OR ADDITIONAL COSTS.  ANY HOLDER OF THE CONSUMER CREDIT CONTRACT
ASSOCIATED WITH THE PLATINUM TRUST CARD IS SUBJECT TO ALL CLAIMS AND DEFENSES WHICH THE DEBTOR COULD ASSERT AGAINST THE SELLER OF GOODS OR SERVICES OBTAINED USING THE PLATINUM TRUST CARD CARD.  RECOVERY HEREUNDER BY THE DEBTOR SHALL NOT EXCEED AMOUNTS PAID BY THE DEBTOR HEREUNDER.  THE PLATINUM TRUST CARD IS NOT A VISA, A MASTERCARD, NOR AN AMERICAN EXPRESS CARD.  THIS PLATINUM TRUST CARD OFFER IS NOT AVAILABLE TO RESIDENTS OF THE STATES OF WISCONSIN, ALASKA AND HAWAII, AS WELL AS INDIVIDUALS WITH APO/FPO ADDRESSES OR INTERNATIONAL RESIDENTS. MEMBERS MUST USE A PHYSICAL ADDRESS FOR SHIPPING. NO PO BOX ADDRESSES ARE PERMITTED.

Annual percentage rate for purchases 0%


Variable-rate information N/A


Grace period for repayment of balances for purchases N/A


Method of computing the balance for purchases N/A


Minimum finance charge N/A


Transaction fee for purchases N/A


Fees for paying late $10.00


Fee for returned checks $20.00


Annual Card Member Fee $0.00


Monthly Maintenance Fee $19.00


Enrollment Fee $89.00


  Unless you were hacked there is no way for them to randomly have your bank information unless you or your bank gave them your information. If it is the latter then that is a problem. They are charging you for a monthly service fee. Not trying to be rude but why on earth would you agree to pay 19 dollars a month for a card you can't use except on "certain items". If you have a bank account use your debit card (even though some of us are being charged for using that now). This company seems like they are going to hurt your credit even worse. Next time you call , STAY on the phone. I am sure that most likely "they" left out anything negative. They always do. Don't get off the phone until you speak to someone and they refund your money for failing to point out the TOS. Not sure if that will get you anywhere but usually a little bit of a good attitude and a smile (yes smile even when your on the phone people can tell LOL).   Also if there are charges (minus the 19 dollars a month plus the 89 dollar activation fee ) and they are unauthorized they will normally work with you. Last but not least, don't fall for these silly things. I have done it , we all have, but be more careful. These kinds of companies prey on people with less than perfect credit. I tell them to take a leap :). Good luck to you and I hope you get everything sorted out quickly!!!!
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