New credit card approved

Discussion in 'Credit Talk' started by kristit, Nov 6, 2001.

  1. kristit

    kristit Guest

    I applied for a credit card over the phone when placing a catalog order. I was approved, BUT, when I received my first statement/card, there was a $25.00 "Discount Club Fee" on it. Aftere reviewing the terms and conditions, which carried a VERY high interest rate, and this "Fee", I did not want to keep the card. I cut it in half and returned the statement and the card and asked to cancel. They sent me a letter confirming my cancellation, but continue to send me statements with this "Fee", + interest and
    now + late fees. Am I responsible for this "Fee",
    even though I rejected the card and it's terms???
  2. sam

    sam Well-Known Member

    don't apply for that junk, they are not real credit cards. Read the terms of the agreement which you agreed to confirm whether or not you have a reasonable "out" of the fee.

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