Complaint Review: WEX Fleet Universal - Nationwide
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- Author Confirmed
- WEX Fleet Universal Nationwide USA
- Phone:
- Web: www.wexonline.com
- Category: Accounting
WEX Fleet Universal 83.88 APR or "6.99 Monthly Periodic Rate" on current and future invoice Carol Stream, IL or Portland, ME IL or ME
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These guys increased their rates from 2.99 to 6.99% in April, and that is a "Monthly Periodic Rate", not an APR. In other words, that is an 83.44 APR. You must pay your invoice online by 3:00 ET, and if not you are charged the amount due on your current invoice as well as unbilled charges. They recently bundled all of their miscellaneous charges under one heading: "other adjustments this period". Those charges include "special embossing", "monthly card charge", "paper delivery fee". This is a Fuel Card Company. You would be way better off to get any other credit card. These rates rival those of a cash for title business. I do not recommend - definately a RIP OFF. Good luck to all my fellow business owners.
This report was posted on Ripoff Report on 08/26/2016 11:00 AM and is a permanent record located here: https://www.ripoffreport.com/reports/wex-fleet-universal/nationwide/wex-fleet-universal-8388-apr-or-699-monthly-periodic-rate-on-current-and-future-invoi-1324776. 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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