- Report: #1324776
Complaint Review: WEX Fleet Universal - Nationwide
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Author Confirmed
Why?
WEX Fleet Universal
Nationwide, USA
Web:
www.wexonline.com
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Business Rating:
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WEX Fleet Universal 83.88 APR or "6.99 Monthly Periodic Rate" on current and future invoice Carol Stream, IL or Portland, ME IL or ME
These guys increased their rates from 2.99 to 6.99% in April, and that is a "Monthly Periodic Rate", not an APR. In other words, that is an 83.44 APR. You must pay your invoice online by 3:00 ET, and if not you are charged the amount due on your current invoice as well as unbilled charges. They recently bundled all of their miscellaneous charges under one heading: "other adjustments this period". Those charges include "special embossing", "monthly card charge", "paper delivery fee". This is a Fuel Card Company. You would be way better off to get any other credit card. These rates rival those of a cash for title business. I do not recommend - definately a RIP OFF. Good luck to all my fellow business owners.
