Comments on: Amazon.com Visa - Is There a Catch? http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/ Talking about money, without being boring. Tue, 06 Jan 2009 06:56:00 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Kim http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/comment-page-1/#comment-68795 Kim Fri, 14 Nov 2008 05:06:19 +0000 http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/#comment-68795 I got an Amazon Visa back in summer of 07. Everything was great, but then this past June my husband lost his job. We went without any income at all for 4 months, depleting our savings. Finally, in October, my husband began getting unemployment. He is still out of work and it isn't looking good. We had our first late payment two months ago because we simply did not have any money, at all. My minimum monthly payment jumped from $47 to $396!!! I called them and told them there was no way I could pay that much in one month, and they did absolutely nothing. Then, on 11/8, they called my home and demanded that I make a payment of $60 by Friday. I agreed. Today was Thursday, and they have called my home SEVEN TIMES TODAY!!!. This company is insane. The moment the stinking card is payed off, I'm canceling it and throwing it in the wood chipper! I wouldn't recommend this card to anybody. I got an Amazon Visa back in summer of 07. Everything was great, but then this past June my husband lost his job. We went without any income at all for 4 months, depleting our savings. Finally, in October, my husband began getting unemployment. He is still out of work and it isn’t looking good. We had our first late payment two months ago because we simply did not have any money, at all. My minimum monthly payment jumped from $47 to $396!!! I called them and told them there was no way I could pay that much in one month, and they did absolutely nothing. Then, on 11/8, they called my home and demanded that I make a payment of $60 by Friday. I agreed. Today was Thursday, and they have called my home SEVEN TIMES TODAY!!!. This company is insane. The moment the stinking card is payed off, I’m canceling it and throwing it in the wood chipper! I wouldn’t recommend this card to anybody.

]]> By: Stephanie http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/comment-page-1/#comment-58596 Stephanie Wed, 30 Jul 2008 21:54:18 +0000 http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/#comment-58596 @Peter - thanks for coming by and telling your story! Paperless statements can be trouble for ANY credit card if you don't stay on top of them. That's why services like http://www.Mint.com are great - you can track all of your bank accounts and credit cards under one login! @Peter - thanks for coming by and telling your story! Paperless statements can be trouble for ANY credit card if you don’t stay on top of them. That’s why services like http://www.Mint.com are great - you can track all of your bank accounts and credit cards under one login!

]]> By: Peter http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/comment-page-1/#comment-58431 Peter Mon, 28 Jul 2008 16:00:49 +0000 http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/#comment-58431 Just want to let everyone know that there is a paperless billing option. For reasons I do not recall, I signed up for this and forgot about it. After several months of not using it, I started to use it but forgot I will not be receiving any bills in the mail. As a result, I was behind 2 months in payment and got charged the finance charge in addition to a $39 late fee. I cancelled the card ASAP. So no more Amazon Visa for me. Just want to let everyone know that there is a paperless billing option. For reasons I do not recall, I signed up for this and forgot about it. After several months of not using it, I started to use it but forgot I will not be receiving any bills in the mail. As a result, I was behind 2 months in payment and got charged the finance charge in addition to a $39 late fee. I cancelled the card ASAP. So no more Amazon Visa for me.

]]> By: Carol Jenkins http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/comment-page-1/#comment-22048 Carol Jenkins Mon, 05 Nov 2007 16:14:39 +0000 http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/#comment-22048 I received an Amazon Visa and things were great for a few months. I was paying online and they were sending me email notices of payment due, which all of my creditors that I pay online do. THEN, they stopped sending me email notices and caught me. I got the late fee waived, and I always pay my bill IN FULL, but after you get stuck like this somehow they keep adding interest fees on. I think it was a scam to recoup their Amazon rewards. I am going online EVERY DAY now to make sure that I am paid up and will no longer use this card. I received an Amazon Visa and things were great for a few months. I was paying online and they were sending me email notices of payment due, which all of my creditors that I pay online do. THEN, they stopped sending me email notices and caught me. I got the late fee waived, and I always pay my bill IN FULL, but after you get stuck like this somehow they keep adding interest fees on. I think it was a scam to recoup their Amazon rewards. I am going online EVERY DAY now to make sure that I am paid up and will no longer use this card.

]]> By: This Little Piggy http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/comment-page-1/#comment-24 This Little Piggy Wed, 21 Feb 2007 01:10:00 +0000 http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/#comment-24 I LOVE the Amazon Visa card. It's now the only one I use. They must have periods of double points because I'm getting those $25 gift certificates one after another. <BR/><BR/>I pay the balance off every pay day and use the gift certificate for gifts or items I WANT but don't actually NEED. I LOVE the Amazon Visa card. It’s now the only one I use. They must have periods of double points because I’m getting those $25 gift certificates one after another.

I pay the balance off every pay day and use the gift certificate for gifts or items I WANT but don’t actually NEED.

]]> By: Stephanie http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/comment-page-1/#comment-25 Stephanie Tue, 20 Feb 2007 21:44:00 +0000 http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/#comment-25 <B>Kevin</B>: Thanks for stopping by! You did what I did, only better - I got the card to save money on an Amazon purchase, and then paid the card off every month for a while, and then I started to slip...<BR/><BR/>I'm paying for it now, but I haven't really put anything on the card since September - except $4 in Amazon shipping (to get the triple points, the rest of the purchase was paid for with one of the $25 gift certificates), and the other day I absolutely had to use it to put gas in my car, or else I couldn't get home! But also made sure to pay extra amounts into my bill to make up for putting those purchases on the card.<BR/><BR/>I probably should have cut it up 6 months ago, when I started using it too much...<BR/><BR/>I'm glad you're doing well with it, though! Kudos to you! Kevin: Thanks for stopping by! You did what I did, only better - I got the card to save money on an Amazon purchase, and then paid the card off every month for a while, and then I started to slip…

I’m paying for it now, but I haven’t really put anything on the card since September - except $4 in Amazon shipping (to get the triple points, the rest of the purchase was paid for with one of the $25 gift certificates), and the other day I absolutely had to use it to put gas in my car, or else I couldn’t get home! But also made sure to pay extra amounts into my bill to make up for putting those purchases on the card.

I probably should have cut it up 6 months ago, when I started using it too much…

I’m glad you’re doing well with it, though! Kudos to you!

]]> By: Kevin http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/comment-page-1/#comment-26 Kevin Tue, 20 Feb 2007 21:17:00 +0000 http://poorerthanyou.com/2007/02/19/amazoncom-visa-is-there-a-catch/#comment-26 You're exactly right. I purchased an iPod mini back in August of 2005, Amazon had the cheapest I could find, and I wanted to start to build my credit. I got the card, saved the $30, and use it only now for my regular bills like gas and electricity. I accrue $1 for every dollar I spend (which I was going to spend anyways), and every so often I get a $25 gift certificate when I hit 2500 points. <BR/><BR/>But! It's all about whether or not your can manage credit. You’re exactly right. I purchased an iPod mini back in August of 2005, Amazon had the cheapest I could find, and I wanted to start to build my credit. I got the card, saved the $30, and use it only now for my regular bills like gas and electricity. I accrue $1 for every dollar I spend (which I was going to spend anyways), and every so often I get a $25 gift certificate when I hit 2500 points.

But! It’s all about whether or not your can manage credit.

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