Capital First called and offered a MasterCard w/ $2,500 at 0% apr. I gave them a checking acct number for a one time authorization of $29.95 consumer fraud ripoff Miami Florida
After authorizing a "one time" checking debit for th application fee, I thought more about it and wondered, "Who in the world can offer a lifetime 0% APR?"
Since Capital First calld on a weekend, I got up early on Monday morning, called my bank and stopped payment on the check,and confirmed with the banking rep. for my bank the ONLY debit from my account that I authorize is a legitimate expense for car insurance.
My rep. told me not to rush out and change my account number yet. They (my bank) told me no authorizations will be paid except the auto insurance.
Capital First will not get their $29.95. The stop payment cost me $25, a bargain to avoid future nightmares. If anyone has another reason to change my account, I would be interested in knowing.
Don
Fort Wort, Texas
2 Updates & Rebuttals
anti
nyc,New York,
Couple of reason to close your account
#3Consumer Suggestion
Mon, July 08, 2002
Other reasons? For example an unauthorized $59 for a not exisiting phone service and a $99 charge for a not existing autoclub - with autorenewal... Please read back a couple of posts about Capital First (+Advantage Capital, Premier One - they are all the same)
Usually banks are the ones who recommend closing your account. Why? Electronic withdrawals go through a computer, without tellers checking it. Tellers can program the computer to block a $29.99 charge from Captial First, or to block Capital First (be careful, every block is valid only for 6 months), but they are unable to program the computer : "block all charges from all names that Capital First ever used or will use in the future". Capital First change names in every 2-3 months, similar way changing the names of its affiliates that send charges too.
Meanwhile some banks are ready to limit your electronic withdrawals to a couple selected companies - see your insurance, but it means extra work for them, and it means a limited account use for you.
Smaller banks might be more ready to handle these limited accounts, but banks with thousands of costumers prefer to change the account.
For more information regarding these type of scams, and how people (try) to fight them, check other posts here, or on other scam fighter sites. (Simply type a "Capital First" into your search engine.)
Something very important: there is a REAL Capital First bank in Eldorado, but it does not offer any credit card...
For the future: hang up the phone. Do not accept ANY financial offer. Request the offer in mail. Even if it is legit, there is no way to get all the fine print during a 5 minute long call.
anti
nyc,New York,
Couple of reason to close your account
#3Consumer Suggestion
Mon, July 08, 2002
Other reasons? For example an unauthorized $59 for a not exisiting phone service and a $99 charge for a not existing autoclub - with autorenewal... Please read back a couple of posts about Capital First (+Advantage Capital, Premier One - they are all the same)
Usually banks are the ones who recommend closing your account. Why? Electronic withdrawals go through a computer, without tellers checking it. Tellers can program the computer to block a $29.99 charge from Captial First, or to block Capital First (be careful, every block is valid only for 6 months), but they are unable to program the computer : "block all charges from all names that Capital First ever used or will use in the future". Capital First change names in every 2-3 months, similar way changing the names of its affiliates that send charges too.
Meanwhile some banks are ready to limit your electronic withdrawals to a couple selected companies - see your insurance, but it means extra work for them, and it means a limited account use for you.
Smaller banks might be more ready to handle these limited accounts, but banks with thousands of costumers prefer to change the account.
For more information regarding these type of scams, and how people (try) to fight them, check other posts here, or on other scam fighter sites. (Simply type a "Capital First" into your search engine.)
Something very important: there is a REAL Capital First bank in Eldorado, but it does not offer any credit card...
For the future: hang up the phone. Do not accept ANY financial offer. Request the offer in mail. Even if it is legit, there is no way to get all the fine print during a 5 minute long call.