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Report: #767780

Complaint Review: Legacy Visa - Sioux Falls South Dakota

  • Submitted: Sun, August 21, 2011
  • Updated: Tue, May 15, 2012
  • Reported By: K Harris — bklyn New York United States of America
  • Legacy Visa
    Po box 5097
    Sioux Falls, South Dakota
    United States of America

Legacy Visa First National Credit Card.com Received an Offer Fee's are Clearly Stated and so is Credit Limit Sioux Falls, South Dakota

*General Comment: agree

*Consumer Comment: I like my First National Credit Card

*Consumer Comment: Really

*Author of original report: Response

*Consumer Comment: Agreed

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I received an offer for a card,Legacy Visa, and decided to take them up on the offer.
I understand that the annual fee is $75 dollars. The APR is 29.9%. I know that this is pretty expensive.
But lets face it,if I had good credit I'd have an Amex card. I intend to keep you folks posted as to how this works out. Currently, I pay my bills on time most of the time,they sent me this offer,as I understand it this card is by invitation only. I don't feel distinguished,my credit SUCKS,but I don't  have any intention of falling back into a horrible situation.
I simply intend to pay and use the card responsibly. Pay more than the minimum every month and pay the entire balance when I can. I personally feel that most people do not read the fine print on many contracts that they sign,and they don't understand the concept of spending using plastic. That's how they end up getting in serious trouble.

This report was posted on Ripoff Report on 08/21/2011 05:38 AM and is a permanent record located here: https://www.ripoffreport.com/reports/legacy-visa/sioux-falls-south-dakota-57117/legacy-visa-first-national-credit-cardcom-received-an-offer-fees-are-clearly-stated-and-767780. 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:
1Author
4Consumer
0Employee/Owner

#1 General Comment

agree

AUTHOR: Sandy - ()

I totally agree with this poster. Everything is spelled out before you decide to accept. One person complained that they did not get $1500 that they said it guaranteed them and then they only ended up with $250 or something like that. IF they had read it better they would have seen that it said UP TO $1500, but MOST users will get a $350 credit line. It also proceeds to explain that there is $75 annual fee assessed immediately so if you qualify for $350, then you will start out with $275 or $255 if you added an authorized user. How much clearer does it need to be? That totally spells it out. Also the people moaning about the 29% interest rate  can also see that on the form before they accept, as well. What do they expect? This is a card for people with poor credit.

The interest rate is going to be high. If they want a lower interest card, they can use this card responsibly to build their credit so they may eventually get a lowert interest card. That is the purpose of this card , and they have totally missed the point of this card if theymissed that point. It is a card that gives a person a chance to prove themselves when no other card is willing to do that. If they look at this as the opportunity it is, then they would understand the purpose and could use it as a stepping stone to better credit and thus a lower interest card someday. There are no hidden fees. Every single thing is spelled out in the invitation they received. Perhaps they need to learn the difference between reading and skimming!!

 

 

 

 

 

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#2 Consumer Comment

I like my First National Credit Card

AUTHOR: Tony - (United States of America)

I had my card with First National since it was a Green Dot credit card. Yes, the interest is a little high because it's for high credit risk like I was. But with the card, I was able to improve my credit report to finance a vehicle again and negotiate for a credit card at a lower rate. I still use the card for "rainy days". Get good customer service. I don't know about the Legacy card but if it's like my First National credit card. Then, it's a good card in my book!
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#3 Consumer Comment

Really

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

I am really not trying to pick on you but why are you posting a report on what "might" happen.  This is NOT a review site.  I guess if they are a "ripoff" you can at least have the satisfaction of knowing you already posted a report beforehand.
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#4 Author of original report

Response

AUTHOR: K Harris - (United States of America)

As I said I just responded to the offer,so I'm just going to see how this company does business.
I monitor my spending and accounts quite well now,so IF they try anything with me I will let you people know what that is.
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#5 Consumer Comment

Agreed

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

I agree with your comments about credit in general and people not reading things they sign.  But this is Ripoffreport.com not "I am going to handle credit better.com"  So how exactly did this company Rip you off?
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