Complaint / Review
Preferred Cardholder Division
Credit card fraud ripoff bank theft account theft card theft

Im sure besides myself, many throughout the USA received a strange letter, type that looks like it contains a pin or printed check. Actually it is a check, but one that you will highly regret cashing!

This company is fake. It is signed by a J Walsh, who probably is the thief doing this.

First off, I already verified the fraud simply by calling all the advertised companies that (Supposely give rebates and coupons) One of them I work for. None of these companies know a thing about Preferred Cardholder Division and highly warn anyone getting this letter to disregard it imidiately.

Why disregard this? Simple. Offer sounds great. BUT??? Forget the coupons and rebates. COmpanies already said NO. Now come one, credit limit of up to $2500? Hey, if your foolish enough to sign the check after I told you the rebates and savings were fake, what makes you think you are going to get $2500. $2500 in debt maybe. (How can you get $2500 dept for cashing this check?)

Simple. First. Why on earth you going to put your credit card if you have one on a check? (BTW, most states its illigal for anyone to record a cc number on check) Second, if you are nutty enough to think that you can just cash the check and get the $3.25, well, hmm, its possable, but also your giving them your account number doing this so while your sticking your chest out aand saying "Look at me, I scammed the scammer out of $3.25" The scammer is taking out whatever they can from your account and probably heading to some country with your nestegg or worse.

This deal has warning all over it. There are no 800 nmbers listed anywhere yet it keeps stating you can call for more info on all the papers it came with. $600 free groceries? Whose footing this bill? Comon sence here, the average bank makes $5.00 per $100, if their lucky. So the bank is going to have to loan you $12,000 just to break even before they even start profiting from any transactions. Do the math, the bank needs to make back the $600 in rebates they are giving you. Youll haev to use the card and cahrge $12,000 (But limits $2500) How on earth they going to make that back?

I deal with a lot of people every day, and believe me, I may be good at keeping away from scammers, but even I slip up. Someone left some great information on what to do if you are scammed so hey, read it =)

Http://usacomplaints.com/reports/ripoff13224.htm