Report: #1244327

Complaint Review: US Bank

  • Submitted: Sat, July 25, 2015
  • Updated: Sat, July 25, 2015
  • Reported By: tranduc72 — California USA
  • US Bank

    Nationwide
    USA

US Bank Balance transfer 3% not 0% stockton Nationwide

*Consumer Comment: A fee is not interest

Show customers why they should trust your business over your competitors...

US Bank offer 0% APR transfer for 1st year. It actually 3% transaction fee. whitch mean that first year will be 3% of apr.

beware of the hidden fee that no one know. they charge it after all transaction done. not thing you can do about it. Even when you call. it will transfer one to other to handle the call. but still you will be charge 3% of the fee. no 0% that they offer at the bank. they are liar. becarefull of the scam.

Is this Ripoff Report About you?
Ripoff Report A business' first line of defense on the Internet.
If your business is willing to make a commitment to customer satisfaction Click here now..

Does your business have a bad reputation? Fix it the right way. Corporate Advocacy Program™

Set the record straight: Arbitration Program

SEO Reputation Management at its best!

This report was posted on Ripoff Report on 07/25/2015 05:09 PM and is a permanent record located here: http://www.ripoffreport.com/reports/us-bank/nationwide/us-bank-balance-transfer-3-not-0-stockton-nationwide-1244327. 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

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
Also a victim?
Repair Your Reputation!

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
1Consumer
0Employee/Owner

#1 Consumer Comment

A fee is not interest

AUTHOR: Robert - (USA)

You received an offer for 0% APR, that is Annual Percentage Rate...aka Interest.  A transfer fee is NOT interest, it is a fee. 

The difference...the fee is charged one time.  Regardless of if you pay it today or over the next 2 years you are assessed that fee one time and one time only.

Interest on the other hand is accrued periodically.  So your APR is still 0% as long as you meet the terms and pay it off in the year.  If you fail to pay off the balance before the 0% promotion is over, you will be assesed interest every billing period based on your remaining balance. 

Oh and before you go off saying you were never told this.  Wrong...the terms and conditions you got along with the disclosures discribed this exact thing.  You just failed to read it.

 

Respond to this report!
Ripoff Report Recommends
ZipBooks Accounting Software

Advertisers above have met our
strict standards for business conduct.