Everbank Bank Change Terms

Discussion in 'Credit Talk' started by Ron, Jul 22, 2003.

  1. Ron

    Ron Well-Known Member

    I received change of Terms enclosed with my monthly statement.

    Old Terms:

    Purchases, Cash Advances:8.40%
    Annual fee: no


    New Terms:


    APR for purchases: Prime +12.90.If prime is 8% or less, the APR for purchases is 16.90%

    Annual fee:

    There is $29.99 nnual fee if you are not enrolled in Rewards Program.(If you are enrolled in the Rewards Program, there is $49.00 Membership.
    Starting on the billing cycle of August.
    As sson they received my payment, I'm going to close the account. 16.9% is too high and charged me $29.00 even I'm not enrolled the rewards program. They're forced me to enrolled their rewards program. As soon as they received my payment, I told them Bye.


    Ron.
     

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