"DO NOT TRANSFER A BALANCE!"
1-2-3 REWARDS MasterCard® Review
Written by: albert on 2007-01-20
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
albert's review: 
As a long standing Kroger shopper the reward card sounded like a winner to me.
Unfortunately I made the mistake of transferring a balance to take advantage of the 12 month 0% rate that was supposed to save me lots of money.
My first surprise was discovering a $50 transfer fee on my first bill.
My next surprise was discovering that I was being charged interest on all purchases, even though I would pay them off monthly, because I was carrying a balance due to the transfer I had made.
My final surprise was discovering that my payments to cover purchases were applied to the 0% transferred balance. The net result was that in 3 months I was paying 12.99% on the amount I had transferred to take advantage of their 0% offer.
The promotional brochure promises great savings but read the fine print! The balance transfer offer is clearly deceptive. I feel my trust in a grocer I had a long relationship with was taken advantage of.
As a long standing Kroger shopper the reward card sounded like a winner to me.Unfortunately I made the mistake of transferring a balance to take advantage of the 12 month 0% rate that was supposed to save me lots of money.
My first surprise was discovering a $50 transfer fee on my first bill.
My next surprise was discovering that I was being charged interest on all purchases, even though I would pay them off monthly, because I was carrying a balance due to the transfer I had made.
My final surprise was discovering that my payments to cover purchases were applied to the 0% transferred balance. The net result was that in 3 months I was paying 12.99% on the amount I had transferred to take advantage of their 0% offer.
The promotional brochure promises great savings but read the fine print! The balance transfer offer is clearly deceptive. I feel my trust in a grocer I had a long relationship with was taken advantage of.
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Disclaimer: This content is not provided by RBS National Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by RBS National Bank. Review content is powered by Finance Globe.
Disclaimer: This content is not provided by RBS National Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by RBS National Bank. Review content is powered by Finance Globe.
