First Equity Card
RIPOFF advertised false % rate and then changed it to an outrageous amount

I received an offer to apply for a First Equity card with a 0% interest rate for 6 months and then a fixed rate of 6% there after. I called and questioned the offer and was assured it was correct and accepted the card.

I used the card for 6 months at 0%, made all payments above the amount due and on time. At the end of the 6 month period I received a bill with a 21% interest rate. I called and was treated rudely and was told "sorry we no longer offer that % rate". I wrote to the CEO of the company and received a letter in return form a secretary saying pretty much "oh well, we no longer offer that rate." I have applied for other cards to pay this off as soon as possible as the interest alone will take me a life time - they did drop it down to 16.61%, which is still outrageous and not in compliance with the original offer.

Beware, I have been advised by other really good people the same thing as happened to them and we have all, unknowingly and trusting this was a legitimate offer, we have been financially harmed in trying to keep our credit good and payoff the card.

This type of false advertising and rip off should be against the law and monitored by the government. It can actually cause one to lose a lot for a very long time.

I am an educated, 47 year old female, who thought she covered all bases and was taken to the cleaners. What a lesson learned, it has hurt me financially and will take me awhile to recoup.

Company: First Equity Card
Country: USA
State: Georgia
City: Columbus
Address: P.O. Box 84075
Phone: 7056440854

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