$1 paper statement fee now on many store credit cards

Where you can talk about store credit cards, like gas station cards, department store cards, etc.
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Mogul of Pineapples
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$1 paper statement fee now on many store credit cards

Postby Mogul of Pineapples » Sat Jan 30, 2010 12:50 am

World Finacial, which is a company which you don't hear much about, yet they issue dozens of store credit cards. They now started charging $1.00 monthly fees for paper statements on reportedly almost all of their cards. I don't know all of them off hand, but I believe they issue over thirty different store cards in the article I read about it.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred


jeffysdad
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That's pretty incredible...

Postby jeffysdad » Sat Jan 30, 2010 3:21 pm

keep your eye out for inactivity fees on your major cards and be ready to call and cancel if they aren't rescinded.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sat Feb 06, 2010 10:13 pm

I think rather than inactivity fees, we'll just start seeing accounts canceled by the issuer if they're not being used. We already saw a lot of that in '09.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

mrs mays
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Postby mrs mays » Sat Nov 13, 2010 1:23 am

I am trying to find out what store credit cards don't do this can you tell me?

BeeBop
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Postby BeeBop » Wed Dec 01, 2010 5:50 am

I heard this practice of charging $1 for paper statements was discontinued because of all the outcry. Can anyone confirm this?

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Mogul of Pineapples
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Postby Mogul of Pineapples » Mon Dec 06, 2010 3:06 pm

Beepbop, I believe you are right. I recall seeing something about that not too long ago too. With World Financial not having a public website though it is hard to confirm what's going on with them.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

BeeBop
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Postby BeeBop » Wed Dec 08, 2010 4:10 am

I really need to know for sure before I apply. Can anyone please tell me for sure if this is still going on?



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