Charge it Plus?

[CreditDrama85]

Has anyone ever heard of Charge it Plus? It looks like it is offered by a company called Essential Financial. I havent seen many reviews so Im assuming its new. It looks like they guarantee you a charge account that reports to the CRA and do not do a credit check but require you to sign up for auto draft. They advertise being able to use their card in various states at different retailers but don't give much info. has anyone ever heard of this? Is it a scam?

[gdale6]

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@CreditDrama85 wrote:

Has anyone ever heard of Charge it Plus? It looks like it is offered by a company called Essential Financial. I havent seen many reviews so Im assuming its new. It looks like they guarantee you a charge account that reports to the CRA and do not do a credit check but require you to sign up for auto draft. They advertise being able to use their card in various states at different retailers but don't give much info. has anyone ever heard of this? Is it a scam?

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Looked at their website, I dont know about this one, could be a payday loan type deal (the fees for using the card, which I couldnt find). You can check with the BBB to see if anything been registered about them.

[CreditDrama85]

they are also on creditcards site under limited credit but not a lot of info. i would assume a company would have to be legit before getting their product on there but you never know

[longtimelurker]

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@CreditDrama85 wrote:

they are also on creditcards site under limited credit but not a lot of info. i would assume a company would have to be legit before getting their product on there but you never know

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As long as they pay the advertizing fee!  It's probably not a total scam, in that the company exists, but my guess is the terms are not good.

- You have to visit customer service to get a copy of the terms+conditions, including fees

- There is a per-transaction fee

It is also apparently a charge card.   You own the full amount but for $16 you can extend the debt another 30 days.   Since the CL is $50, this is more than 30% per month.   They also talk about reducing an interest rate, so there may be no grace period either.

So, my guess is that most people here won't want this card.   But someone has to get the T&C + fee schedule

ETA: If you search, there is also a Charge It Plus card in the UK.   But that seems to be a card that gives you access to charge points for electric cars.

[grinlikechelsea]

It says I can use it at Village Pantry, and that's about it.