Cavs_Fan23 asked:
I never took one of these credit card offers I got over the phone or on the internet, but I was always curious about them. I received calls when I was 18 saying that I was approved for a credit card to help get me started building credit, but I had to pay a processing fee usually between 80-200 dollars, and after I paid a good faith estimate and used the card for a month or so it would be credited to my first statement.
I never took one of these credit card offers I got over the phone or on the internet, but I was always curious about them. I received calls when I was 18 saying that I was approved for a credit card to help get me started building credit, but I had to pay a processing fee usually between 80-200 dollars, and after I paid a good faith estimate and used the card for a month or so it would be credited to my first statement.
I thought these sounded too risky so I always told them I wasn’t interested, but I always wondered if these were scams or they just charged the fee because I had no credit yet and they were trying to see if I was willing to prepay the first 100-200 dollars.
I ended up getting a college student credit card from citibank and built up great credit in the last 3 years and have several low interest rate credit cards and charge cards that I find useful and pay on-time.
http://1mortgagecalculator.info
I got a card with a $300 limit when I had bad credit.
When I got the card I saw online that I already owed $175, and only had like less than $150 as credit available.
The fine print, that I didn’t read, said that $175 is the sign-up fee. Well, at least the little bit of credit on it was helpful to me that month. I was struggling.
They may be legit, but I consider them to be toxic waste and fully approve of how you have handled the matter.
Legit, yes… Nice NO… Credit card companies are very smart about hiding fees and writing rules in incomprehensible English… Many lawyers have a hard time understanding, just imagine “normal” people. I like to read credit card user reviews online to see what others have “suffered” before applying to a credit card. Last time I used this page: