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  • Report:  #821186

Complaint Review: RUSHCARD

RUSHCARD Russell Simmons, excesive fees, cash back rewards scam Chicago, Illinois

  • Reported By:
    JadedJamie24 — Tillamook Oregon United States of America
  • Submitted:
    Wed, January 11, 2012
  • Updated:
    Wed, January 11, 2012

In the Fee plan explanation it states "$1.00 per transaction convenience fee, capped at ten dollars ($10.00) per calendar month" after a view of my fees for less then one full thirty day cycle I found $30.00 in transaction fees.  Upon contacting customer service I was told I would receive fees over the ten dollar cap back after thirty days had past (ie; $6.00 on the Jan 15th, 2012 and $5.00 and still counting on Feb 15th, 2012) and they would be listed as "cash back rewards" I stated that is not a "reward" program, that is a LOAN program, where as RUSHCARD is borrowing funds of others for thirty days without interest being paid back to the individual whom they funds where borrowed off of illegally.

this card is marketed to the poor, unable to get traditional cards and the young new to credit, I do not "need" this card, I have acquired the card only to be able to transfer funds to my son in another state, because there is no way to load a RUSHCARD for someone else unless you have the card.  I will go back to wiring fund, it is Cheaper!

However something needs to be done to warn the public against using this card, it is marketed falsely, it does nothing to save you money it charges excessive fees, does not state the true fee charging practice, falsely states "cash rewards" when it is a refund of money borrowed from you the poor, by the rich running a scam.  Please investigate fully and start a class action suit to help those whom dont even know what just happened to them is illegal!

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