This is a bad, bad company. When I applied for the card, I got a 10K cl, at 9.9%. Of course, I used most of it, and then had the misfortune of being two days late on one payment through an oversight. BOOM. the rate went to 23.9%. I poaid off about half of it, and they instnatly reduced the credit line to just over $5K. Two weeks ago, after asking them to delete the sole late pay (which they did after I sent a goodwill letter), they pulled a hard inq on EXP, and suspended charge privileges on my card, which had about 1500 available, citing information obtained on my credit report regarding current balances. They calimed I was late again, though it was because their website did not process the payment, which they acknowledged as their mistake!)I cannot wait to pay off this card through my refi, and kill it once and for all. Stay away.
Where did you get burned? I recently applied for a card with them. Now I don't know if I want it. Haven't heard anything anyway.
FUSA are scumbags, pure and simple. There have been multiple class action suits against them for their shady practices, I wouldn't touch them for all the gold in Fort Knox ! There used to be a board on the 'net where hundreds of people posted their very bad experiences with FUSA, and it made my skin crawl. I had taken one of their cards not knowing of their bad practices and tactics. I closed the account only a couple of months after getting the thing. They 'claimed' I was late on a payment, which I know could not have been true, I had sent it a full TWO WEEKS before the due date, but they claimed it was late anyway. When I found the complaint web site, I found that this was a very common (and illegal) practice for FUSA, they'd deliberately hold onto payments until they were late before processing them. That's only the tip of the iceberg ! People on that board had sent in payments via FEDEX with sig required and certified mail, and FUSA would refuse to accept them... so they were late.. charged fees, upped the interest, .. on, and on, and on. One of the major TV news shows (can't remember which one) actually put this issue with FUSA on national TV. The horror stories were unreal.. but the bimbo rep that FUSA stuck on TV to defend them was clearly just a dummy with one or two scripted answers.. totally BS. I make sure that anyone I know considering a card from these scum know the kinds of nasty things this bank gets up to. I've warned my family away from them as well.. they won't ever get any business out of MY family..ever. Just my 2 cents.
I've had a cc card with them for several years. Only time I had a problem was that they DID increase my apr to 22 percent when i was late once. Not 30 days late...just 2 days late. After 6 months of ontime payments they lowered my APR back to what it was. Recently they have lowered my APR again (without my asking) to less than 9.9 percent. They also constantly increase my credit card limit. Used to be about 5 or 6K...now it's up to 12K on a Borders card.
Well ... it's good to here something nice. Now I don't know what to do with my app. It's still processing and I chose to do a bt. I'll have to sleep on this one.
