I got this card in the mail today with my name on it and 16 digits like a department store card or credit card but it is neither. Yet it claims you can take "cash on demand" with it and comes with a starting limit of $6500. Would anyone know more about this card? If it doesn't report to the CRAs could this be a good card to take out cash with?
SCam Alert!!!!!! Did that info come From somewhere In Las Vegas???? That Cash on Demand is a eating Cancer..... I don't know if it's the same Racket but a company about 4 years ago almost got me with that cash on demand. I called the BBB of las vegas and found tons of bad reports and fraud. Be bwery bwery quiet and Walk Away...
The impression I got is that you can order crap out of a catalog with their 'card'... I think they charged an 'annual fee' as well... it was funny, the statement said... "we will charge your fee in about 2 months".... ABOUT 2 MONTHS?? how professional is that? SHREDDED.
I just read this thing. It actually says "We will charge your annual fee in around two months." The annual fee is $199. The cash on demand is $20 to $150. It also has an option to add insurance if in the first six months you get behind more than 3 payments. At least it doesn't report unless you ask for that option. I just cut up the plastic. I ain't this desperate.
I wonder how you would get any cash on demand anyways, it is not part of any system, such as VISA, PLUS, etc etc...
