Complaint Review: AT&T Universal Card - Internet
- AT&T Universal Card Internet United States of America
- Phone: 18004234343
- Web: www.universalcard.com
- Category: Credit Card Processing (ACH) Companies
AT&T Universal Card AT&T Universal Card charges $105 in interest and fees for a $102 cash advance WITH ALL BILLS PAID ON TIME Internet
I made a cash advance of $102 on my AT&T Universal Card. They charged me a $10 fee (OK I guess) and a total of $94.75 in interest! When I complained they credited back the interest. But be warned. As I understand it, their policy is that when you make a cash advance you will be charged at an annual rate of 24%, BUT NOT on the advance amount, but your entire average monthly balance. This policy is unfair. In effect the company charged over 90% interest for lending me $102 for 35 days. That is 900% interest PER YEAR!
This report was posted on Ripoff Report on 09/02/2010 10:43 AM and is a permanent record located here: https://www.ripoffreport.com/reports/att-universal-card/internet/att-universal-card-att-universal-card-charges-105-in-interest-and-fees-for-a-102-cash-636918. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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