I Applied For A Credit Card Offer From First Equity Card Corp Roughly 3-4 Months Ago. The Enticement To Do So Was For A Low Interest Rate On Balance Transfers.
I Received The Card With NO ADDITIONAL INFORMATION And Put It Aside For A Few Weeks.
I Activated The Card By Phone, And Called Their Customer Service Center Advising Them Of A Balance Transfer From Capital One. The Individual Stated I Needed To Use A Convenience Check To Do This, And Would Mail Them To Me Which I Received In A Few Short Days.
I Transferred $2,000.00 From Capital One To The First Equity Account Using The Check As I Was Told.
My First Statement From First Equity Arrives Showing
$2,000.00 In Cash Advances At 24.32%!!!
To Add Insult They Attached An OVER THE LIMIT FEE Of $39.00!!! Their Basing The Daily Rate On $800.38 In Cash Advances On The Statement..!!!???
My Balance Is Now At 2,115.77 At 24.32% Interest,
When Capital One Was At 18.00%!!!
When I Called To Plead My Case,
First Equity Claimed I Had No Balance Transfer Promotion On My Account...??? I Was Informed That I Did Not Qualify For That...??? I Received No Answer As To WHY They Would Have Sent A Card I Did Not Qualify For...???
(Nor Was Informed Of This When I Was Inquiring
About The Balance Transfer To Begin With)...
If This Isn't Blatant False Advertisement
And Or Embezzlement, I Don't Know What Is Then...!!
Im Completely LIVID, and I Fully Intend To Continue This Complaint To My State Congressman, Federal Authorities
Who Govern The Credit Card Industry, State Attorney General's Office, Better Business Bureau, Banking Regulators, And Any Other Agency I Can Find...
First Equity Is Blatantly Taking Advantage Of Consumers
With This Fast Spin Move...
I Have Never In My 40 Years Seen Anything Like This.
I Have NEVER Had A Driven Desire, Or Determination To Seek Restitution Or Compensation From Anyone For Anything In My Life Until Now.
This Is As WRONG As WRONG Can Get!!
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