topic Re: My Last Words to US Bank Kroger 123 Card in Credit Cards

My Last Words to US Bank Kroger 123 Card

DI — Sat, 02 Jul 2011 18:15:09 GMT

The $10 payment is on its way from my bank. Close the account immediately. You people are loan sharks.

Re: My Last Words to US Bank Kroger 123 Card

Anonymous — Sat, 02 Jul 2011 18:59:17 GMT

I must have missed what US Bank Kroger did to you, but I'm sure you did the right thing, good for you Bro!!!

Re: My Last Words to US Bank Kroger 123 Card

DI — Sat, 02 Jul 2011 19:16:54 GMT

@Anonymous wrote:
I must have missed what US Bank Kroger did to you, but I'm sure you did the right thing, good for you Bro!!!

I recently opened a Savings and Checking account with USAA. To fund the accounts, I had USAA to debit $50 from my Kroger card since I had not used it since December 2010. When the $50 posted, an additional $10 appeared as a cash advance fee. I had no idea I'd be charged a cash advance fee.

I had aleady sent the $50 to US Bank and the payment had posted. I asked US Bank if they can waived the $10 fee as a one time courtesy. The Rep said since the cash advance is valid they will not waive the fee. I responded back to them with those last words.

Re: My Last Words to US Bank Kroger 123 Card

Anonymous — Sat, 02 Jul 2011 19:15:12 GMT

I looked at their terms and conditions, and I don't see anything out of the ordinary except an APR that seems typical for store cards. I look forward to hearing the saga of the US Bank Kroger 123 Card. I like a good story.

I dislike my Sam's Club Credit card intensely, although they haven't done anything to me that I didn't allow them to do. I consider GE Money Bank to be loan sharks.

Re: My Last Words to US Bank Kroger 123 Card

Anonymous — Sat, 02 Jul 2011 19:16:41 GMT

No offense, DI, but don't you know (I mean, isn't it typical) that anytime you use a credit card for cash purposes, it is treated as a cash advance transaction?

Re: My Last Words to US Bank Kroger 123 Card

DI — Sat, 02 Jul 2011 19:19:53 GMT

I blame it on myself. I just felt like they'd atleast waive the fee. I guess they found a way to get $10 back from the $50 gift card they gave me. I'm still ahead.

Re: My Last Words to US Bank Kroger 123 Card

Anonymous — Sat, 02 Jul 2011 19:24:27 GMT

That is cheesy of them. I am glad you are still ahead. I am so tired of cheezy, sleezy card companies and when I pay off my Sam's Club, I wll be done with them. On to bigger and better things.

A REAL credit card company will waive a fee for you. The loan shark companies know that there is fresh meat for them right around the corner so they don't mind losing a customer.

Re: My Last Words to US Bank Kroger 123 Card

DI — Sat, 02 Jul 2011 19:25:41 GMT

My credit reports don't need US Bank $5300 credit line since its about to get $17,000 in new credit reported soon.

Re: My Last Words to US Bank Kroger 123 Card

Anonymous — Sat, 02 Jul 2011 19:38:05 GMT

@DI wrote:
My credit reports don't need US Bank $5300 credit line since its about to get $17,000 in new credit reported soon.

They should have waived the fee, whats $10 to them??? 17,000 in new credit??????????? You get yourself some new sweet CC's or some CLI's? Congrats on that!!!!

Re: My Last Words to US Bank Kroger 123 Card

Anonymous — Sat, 02 Jul 2011 19:39:45 GMT

@Anonymous wrote:
I looked at their terms and conditions, and I don't see anything out of the ordinary except an APR that seems typical for store cards. I look forward to hearing the saga of the US Bank Kroger 123 Card. I like a good story.

I dislike my Sam's Club Credit card intensely, although they haven't done anything to me that I didn't allow them to do. I consider GE Money Bank to be loan sharks.

Same here! (grabbing popcorn...)

Good luck, DI! Keep us posted.

Re: My Last Words to US Bank Kroger 123 Card

DI — Sat, 02 Jul 2011 19:42:59 GMT

@Anonymous wrote:
@Anonymous wrote:
I looked at their terms and conditions, and I don't see anything out of the ordinary except an APR that seems typical for store cards. I look forward to hearing the saga of the US Bank Kroger 123 Card. I like a good story.

I dislike my Sam's Club Credit card intensely, although they haven't done anything to me that I didn't allow them to do. I consider GE Money Bank to be loan sharks.

Same here! (grabbing popcorn...)

Good luck, DI! Keep us posted.

I'm not pushing it. Closing the account is good enough. I had it on the chopping blocks anyway. We have no Kroger stores in FL..

Re: My Last Words to US Bank Kroger 123 Card

DI — Sat, 02 Jul 2011 19:45:08 GMT

@Anonymous wrote:
@DI wrote:
My credit reports don't need US Bank $5300 credit line since its about to get $17,000 in new credit reported soon.
They should have waived the fee, whats $10 to them??? 17,000 in new credit??????????? You get yourself some new sweet CC's or some CLI's? Congrats on that!!!!

New credit cards. $4000 Chase Amazon Rewards, $4000 AMEX Blue Sky and $9,000 USAA Rate Advantage.

Re: My Last Words to US Bank Kroger 123 Card

tpatterson2k9 — Sat, 02 Jul 2011 19:46:21 GMT

DI, if you don't mind me asking, how many CCs do you have at this point? I see a lot of your posts and it seems like you're the most credit-addicted member here! How have your scores held up with all those inquiries? Is it really the inquiries that drag a score down and not so much the actual accounts (other than the AAoA factor)?

Re: My Last Words to US Bank Kroger 123 Card

DI — Sat, 02 Jul 2011 19:53:02 GMT

@tpatterson2k9 wrote:
DI, if you don't mind me asking, how many CCs do you have at this point? I see a lot of your posts and it seems like you're the most credit-addicted member here! How have your scores held up with all those inquiries? Is it really the inquiries that drag a score down and not so much the actual accounts (other than the AAoA factor)?

I have 11 active CC accounts reporting. Soon as I see a confirmation of AMEX reporting my 1997 member since date, I'll be closing 3- 4 accounts. Inquiries hardly affect FICO scores. I had a FICO score of 771 with 26 inquiries reporting on my TU back in 2009. Without any miss payments, its usally high balances and decreases in AAoAs that affects one's FICO score the most.

Re: My Last Words to US Bank Kroger 123 Card

Anonymous — Sat, 02 Jul 2011 20:45:34 GMT

@Anonymous wrote:
No offense, DI, but don't you know (I mean, isn't it typical) that anytime you use a credit card for cash purposes, it is treated as a cash advance transaction?

Not sure what is typical, but a search for checking account opening bonus deals, such as on FW, will reveal multiple "atypical" results. I have to take their word for it, as it is hard to justify the risk of a failed experiment when the most rewarding CC only gives me 1.5% back.

Re: My Last Words to US Bank Kroger 123 Card

Anonymous — Sun, 03 Jul 2011 03:33:00 GMT

@Anonymous wrote:
That is cheesy of them. I am glad you are still ahead. I am so tired of cheezy, sleezy card companies and when I pay off my Sam's Club, I wll be done with them. On to bigger and better things.

A REAL credit card company will waive a fee for you. The loan shark companies know that there is fresh meat for them right around the corner so they don't mind losing a customer.

I have never heard of any bank waiving a cash advance fee. Annual fees and ATM fees, yes. But not interest or cash advance fees.

Re: My Last Words to US Bank Kroger 123 Card

Anonymous — Sun, 03 Jul 2011 03:33:37 GMT

@DI wrote:
The $10 payment is on its way from my bank. Close the account immediately. You people are loan sharks.

That's why you have to actually read the account terms.

Re: My Last Words to US Bank Kroger 123 Card

Anonymous — Sun, 03 Jul 2011 06:09:28 GMT

I respectfully disagree with DI's conclusion on what constituted the best reaction/course of action following the cash advance fee.

First, I can sympathize. I've learned some aspects about credit the hard way such as a few years ago when I made purchases to a credit card which had a balance transfer on it; I was shocked to learn that banks apply payments to the balance with the lower APR instead of to the balance with the purchase APR.

But what happened to you is not a unique situation. I learned about it awhile ago in this thread at another forum; google search for "The Ultimate USAA Bank Thread, version 2.0, updated 4/18/07"

It was in either that thread or the version 1.0 thread that people compared notes and found out that deposits into USAA from lots of different issuers of credit cards incurred a cash advance fee.

And in another thread (link) I found out that even doing a deposit into USAA from another brand of checking account via a "debit card cash advance" can incur a fee; stef37 said she "was charged an 'out of network' ATM network fee of $5 from Chase for using my DEBIT card"

Third, I that closing your Kroger credit card closed an opportunity. Suppose that your other cards are occupied with a balance or a balance transfer or a high APR but your Kroger was not being used. And suppose you find yourself needing cash in your USAA checking account for some emergency. Such was the type of predicament I had found myself in --- on the payment due date, Citibank hadn't yet received my mailed in payment and I didn't have enough quite enough cash just yet in my USAA checking account to make a payment. I then deposited cash into the USAA checking account via a cash advance from another credit card and then made a same day online payment to Citibank from out of the USAA checking account.

Re: My Last Words to US Bank Kroger 123 Card

barbaralee — Sun, 03 Jul 2011 07:00:11 GMT

I guess I'm not getting why US Bank are bad guys for not waiving your fee. If it's not a bank error why should they waive your fee?

Re: My Last Words to US Bank Kroger 123 Card

Anonymous — Sun, 03 Jul 2011 09:07:21 GMT

@barbaralee wrote:
I guess I'm not getting why US Bank are bad guys for not waiving your fee. If it's not a bank error why should they waive your fee?

Some people have a sense of entitlement.