Today, March 13, I received a letter (dated March 11) from First National Credit. It was in the form of a "certificate" which guaranteed me a "gold credit card" with a limit of $15,000. There is a one-time "processing fee" of $37, or $43 for rush processing and delivery.
I have a law degree, so therefore I know that this letter is what is called an offer... And if I were to send them the "process fee" then I have "accepted the offer", thereby creating a legal, written, binding contract. There was one sentence that caught my eye..."You may use your gold card immediately upon receipt for all purchases FROM CREDIT PROVIDER"... This just didn't sound right.
Sooooo, I did a search for them on the internet and, lo and behold, I have found numerous complaints about this company. Supposedly they "quit sending these letters" some time ago, yet I just received one. THIS IS A RIP-OFF!!!
I have several REAL credit cards. Some of them do charge a small annual fee... But i never had to pay it up front to receive the card. If you get an "offer" like this, please do not "accept" it thus creating a contract with a rip-off artist!!!
Tracey
Farmington, New Mexico
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