I applied for this card 2 weeks ago. The Last thing you're asked for on the online application is your bank info. I called the 888 number before I typed that in. I wanted to make sure they were only going to take the 4.95 and nothing else. When I reached customer service, I asked about annual fee costs, monthly charges etc. I was told the annual fee was 15.00 and no additional charges other than interest and monthly payments.
I entered my banking info and was shocked to see the screen immediately say APPROVED not 3 seconds after Id clicked enter. Then another screen pops up tellin me my credit limit was $70.00 less yet another processing fee finance charge of 4.95 and the annual fee of 15.00, making the available credit 50.00.
What they didnt tell me, was that regardless of whether you use the card or not, immediately following activation, there is a monthly fee of 19.95, yes monthly fee for life...well, as long as you have the card...so, on top of the 19.95 monthly fee, you then have your minimum monthly payment of I believe 35.00 or the balance of your bill whichever is greater...oh yes, the annual percentage rate is 19%. In other words, your credit limit is 50.00, you use 10.00, but are billed 55.00, which means your 10.00 purchase has now cost you 45.00.
Mind you, the payment is not taken from the card balance but automatically deducted from your checking account. I received the card, NO I DIDNT ACTIVATE IT, AND WONT, then I rec'd a bill a few days later for 19.95. This card isnt what it appears to be, obviously!! Im cutting the sucker in half and hope any of you out there will please do the same .
Have a great day, Sheri
Here is a bit of info from the site: