Connie
Hastings,#2Consumer Suggestion
Tue, November 19, 2002
I received a letter and card in the mail stating that I was approved for a First National Card from The First Nantional Merchant Credit Card Advantage (CCA) from Las Vegas, NV. It has a credit purchase limit of $6,500. However, you can only purchase items from their catalog and there is a $200 membership fee and a standard annual $99 fee. Before activating this card, I searched the internet to find the company and this is the page I came to. I did not apply for this card. That was my first red flag that something about this card was wrong. My second red flag is the knowledge of my own credit history. It would be very difficult for me to get a credit card and to receive one with a credit limit of $6,500, it's too good to be true. I would say to anyone who receives any card in the mail that they didn't apply for to cut it up! If you are charged high fees, such as membership fees and annual fees, look for a better credit card offer. Write down all the names of the companies that you do apply to so you can be certain of whom you applied to. Always read everything included with the credit card offer before activating any card. Protect your checking account by always using money orders to make payments to credit card companies. Also, check with your bank and see what their policies are concerning removing funds from your account by a third party such as a credit card company. The laws vary by state, so be sure to talk with your bank before accepting any credit cards. Finally, remember to research the company before accepting a line of credit. You can research the company by the internet, contacting different state and federal agencies, and talking with family and friends. Thank you to everyone who has reported this company already!