Legacy Visa
First National Credit Card - Sits on Electronic Payments Received until AFTER due dateto Charge Late Fees

New name... Old tricks?

Like many out there, seeking to rebuild credit after a job loss. So I understand and accept the low credit line and high annual fees and interest rates (with intent to pay balance in full each month to avoid the 29.9% APR). Didn't think a late fee would be assessed my first full billing cycle!

Just opened a Legacy Credit Card (through First National Credit Card) last month. The FIRST MONTH I used this card, paid the balance in full ($75.00 annual fee) via electronic check sent 7 days before the due date. Fees were deducted from my checking account 5 days before the due date. However, First National did not post the payment until 10 DAYS after the check was dated/mailed and 2 DAYS after the due date! First National has now assessed a $25 late fee!

Really? Please tell me this card isn't through the infamous First Premier Bank of the 59.9% APR fame? That First National Bank is a separate entity? Very discouraged and disappointed that banks are still allowed to exploit the law, the system, and its customers. Chronology:

First statement: New Balance: $75.00 annual fee.

Statement Date: 12/23

Statement Received: 12/28 (violation of 2009 Credit CARD Act

Company: Legacy Visa
Country: USA
State: South Dakota
City: Sioux Falls
Phone: 8888839824
Site: firstnationalcc.com

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