ASPIRE VISA DO NOT, DO NOT, DO NOT GET THIS CARD!!! Ripoff Columbus Georgia
As the title states, DO NOT GET THIS CARD!!! Aspire Visa (Columbus Bank & Trust) is a horrible and despicable company!
I have held an accound with Aspire Visa for 4 years and I'm still paying it off. Aspire thought they would be "nice" and offer me an incentive promotion of "0% interest for 6 months."
SCAM! Here's the reason...
The APR on my Aspire account previous to the "promotion" was a very nice 9.9%, which is a fantastic rate for an Aspire account. I took the offer and as they promised, I had zero interest for 6 months. But, here's the kicker: Once the zero interest promotion ended, my interest rate jumped to 27.49%!!! And guess what...it has been rising ever since!!!
The accound is not delinquent and the balance is only a few hundred dollars. Maybe Aspire realizes that and as the balance lowers, the interest rises. Here's a list of the APR activity for the past few months:
Sept. 2004 - Feb. 2005 = 0% interest
March 2005 = 27.49%
April 2005 = 27.50%
May 2005 = 27.74%
June 2005 = 27.98%
July 2005 = 27.99%
Beware of this company and DO NOT GET THIS CARD!!! I have a feeling CB&T will create a new card by a different name soon to rid themselves of the "Aspire" accounts. Watch for ANYTHING backed by Comlumbus Bank & Trust.
One more thing...watch for the phrase "Get the credit you deserve." I've noticed that it is used by companies baiting people with poor credit.
I hope this information helps you.
Brad
Ashburn, Virginia
U.S.A.
1 Updates & Rebuttals
David
Milford,Massachusetts,
U.S.A.
** Thanx for the Warning **
#2Consumer Comment
Sat, August 13, 2005
Got a "pre-approved" letter from the above named company today. Even without reading the postings here I wouldn't have taken the bait. Huge problems with the offer.
1 - Credit line of "up to $3250". Biggest weasel phrase in the English language. Sent for a card from Capital One a while back with similar offer. When the card arrived, my credit line was a whopping $300. And this for a card supposedly for my business. Guess if I'm in the roadside lemonade business it might be useful.
2 - STARTING interest rate of 27.5%. That's not even the default rate!!!
3 - In the fine print "half of your credit line will be available immediately." If you make payments on time for 4 months, THEN they'll give you access to it all.
Does this offer include the vaseline or do I have to supply my own?
So be warned! Unless the card states that your credit line will be "at least..." don't bite.