Complaint / Review
AT&T Universal Card
AT&T Universal Card charges $105 in interest and fees for a $102 cash advance WITH ALL BILLS PAID ON TIME

I made a cash advance of $102 on my AT&T Universal Card. They charged me a $10 fee (OK I guess) and a total of $94.75 in interest! When I complained they credited back the interest. But be warned. As I understand it, their policy is that when you make a cash advance you will be charged at an annual rate of 24%, BUT NOT on the advance amount, but your entire average monthly balance. This policy is unfair.in effect the company charged over 90% interest for lending me $102 for 35 days. That is 900% interest PER YEAR!