• Report: #47685
Complaint Review:

N.A.C.S. Inc Prefered Merchants

  • Submitted: Mon, March 03, 2003
  • Updated: Mon, March 03, 2003

  • Reported By:Elko Nevada
N.A.C.S. Inc Prefered Merchants
P.O.Box 41127 St. Petersburg, Florida U.S.A.

N.A.C.S. Inc Prefered Merchants telemarket credit card ripoff SCAM BEWARE St. Petersburg Florida

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Several moths ago, just before x-mas I received a call from a telemarketer. They offered a credit card with a $5000 limit, a 6.9% fixed interest rate,and promised to be good for cash withdrawl at any ATM. When I inquired about the fee for the card, I was assured there were none. I simply had to authorize a $200 withdrawl from my checking account to secure the card, and I would receive $200 in coupons good toward my first payment on the card. Who can turn down a $5000 card just before x-mas!?

Well, I fell for the scam. I received a Prefered Merchants card, and 2 catalogs of CRAP that I can order from. It is no good anywhere else. AND I have to pay a 35% cash deposit on any purchases made with the card, so I have to spend more money to use the $200 coupons. Now 4 months later they are attempting to steal $33 from my bank account in the form of a "Quarterly Access Fee". My bank has canceled this transaction (for a $10 fee), and blocked any further transactions from this company.

I am filing this report hoping someone can tell me how to get my $200 back. Please help!!

Elko, Nevada

This report was posted on Ripoff Report on 03/03/2003 10:18 AM and is a permanent record located here: http://www.ripoffreport.com/reports/nacs-inc-prefered-merchants/st-petersburg-florida-33743/nacs-inc-prefered-merchants-telemarket-credit-card-ripoff-scam-beware-st-petersburg-f-47685. 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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