I received a credit card offer from First National Bank for a Legacy card. It stated that my credit limit would be $600.00. The card came five days later with a credit limit of $250.00. There was already a charge on the card for $189.00. I called the company and they stated that I needed to pay a one-time fee of $119.00, plus a annual fee of $50.00 plus a participation fee of $72.00. The last two fees are charged after this charge, yearly. So we have to pay them to use the card and it isn't even a gold card, it is just a plain old visa. This company neglected to tell me this before I decided to keep the card when it came, it wasn't until after I used the card did I find out that I had all these fees already on the card. The interest rate is also outrageous. Just a warning to all the unsuspecting people out there that haven't yet been burned. Do not accept the offer that comes in the mail or emails. If you have already done so, send the card back. It is a big ripoff.
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