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Report: #903940

Complaint Review: Tribute Mastercard - Internet

  • Submitted:
  • Updated:
  • Reported By: ys1980 — Naples Florida United States of America
  • Author Confirmed What's this?
  • Why?
  • Tribute Mastercard Internet United States of America

Tribute Mastercard First Bank of Delaware COMPLETE WAY TO SCAM US PEOPLE TRYING TO GET BACK ON OUR FEET Internet

*Consumer Comment: Credit cards

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Card issuer closed all consumer accounts suddenly. Company has NOT
refunded annual fees paid, which I was told they would by Oct 2009. 
Account is listed as closed but they continue to charge accountholders
"monthly maintenance fees" to increase the balance due & accumulate
interest on. Credit score has dropped due to closure. Monthly fees are
being added to a closed account, making the balance higher &
interest charges increase. I started with a "supposedly" $300 credit and by

the time they deducted all the "fees" I was left with $98 to start with.  I
now, somehow, owe them over $600 which they reported as a charge off
to my credit. They are all a bunch of scammers and that I know of I wasn't the
only one. I think a Class Action Lawsuit is imminent here.

This report was posted on Ripoff Report on 06/27/2012 10:25 PM and is a permanent record located here: https://www.ripoffreport.com/reports/tribute-mastercard/internet/tribute-mastercard-first-bank-of-delaware-complete-way-to-scam-us-people-trying-to-get-ba-903940. 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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REBUTTALS & REPLIES:
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#1 Consumer Comment

Credit cards

AUTHOR: Ashley - (U.S.A.)

POSTED: Thursday, June 28, 2012

I"m guessing you dont understand how credit cards work. Whether the account is open or closed it will continue to be charged interest. Closing an account does not stop interest from accruing. The only was to stop it, is to pay off the balance. Same with a monthly maintenence fee, the account may be closed but they still have to maintain it until the balance is paid off. On those two points there is no ripoff, this is just how credit cards work.

So what are you going to file a class action lawsuit over? The terms and conditions were clearly spelled out in the credit card application. They dont hide the annual fees and application fees. Since you have to pay such fees you obviously do not have much credit, this company was taking a risk by extending you credit and they were obviously right to be wary of you. You signed a contract and were given the terms of the contract, there's nothing to sue them over.

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