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Friends "Verve" card had all fees reversed??

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juggar
Contributor

Friends "Verve" card had all fees reversed??

So my friend has the Verve card and he just got it about a month ago. 

 

He didnt have money to pay his yearly fee($125, or the minimum) so he missed the payment deadline of Nov 23rd. 

 

Yesterday the balance was $150 or so because of the $25 late fee. 

 

Didnt spend anything on the card either. 

 

Today I log into his account to see if he had used it any or paid it like I told him, he had not, but I saw this: 

 

11/26/1411/26/14ANNUAL FEE REFUND NEWARK DE$-125.00
11/26/1411/26/14REFUND OF LATE FEES$-25.00
11/26/1411/26/14DEBT PROTECT RVRSL (CRDT)NEWARK DE$-1.23

 

Aval credit $500/$500 

 

 

This is crazy, he did nothing and paid nothing yet literally everything on the card got refunded to him? 

 

Anyone know whats going on? He is very thankful at the moment.. haha

Amex Green, Chase Freedom(7.5K), Nationwide Visa Signature(6K), Chase Sapphire Preferred(6k), Cap One VentureOne visa signature (5K) BoA Cash Rewards siggy (5K), BoA travel rewards visa siggy(5K) PayPal Extras Mastercard(5K), Capital One QuickSilver(2.25K) Newegg Preferred Account(2K), Citi Forward(3.4K), Dell Account(2K) Discover IT(2.4K), Chase Slate (1.5K) Citi Diamond Preferred ($800), BestBuy Mastercard ($1500),Bill-Me-Later(1.2K), ,Barclay Mastercard(2K). TigerDirect TigerPay(3.15K), Wal-mart credit card(3.9K), Amazon store card (2K)

equifax - 720, TU - 747, Exp - 734 - report date 11/24/2014
15+ inqs...
Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: Friends "Verve" card had all fees reversed??


@juggar wrote:

So my friend has the Verve card and he just got it about a month ago. 

 

He didnt have money to pay his yearly fee($125, or the minimum) so he missed the payment deadline of Nov 23rd. 

 

Yesterday the balance was $150 or so because of the $25 late fee. 

 

Didnt spend anything on the card either. 

 

Today I log into his account to see if he had used it any or paid it like I told him, he had not, but I saw this: 

 

11/26/1411/26/14ANNUAL FEE REFUND NEWARK DE$-125.00
11/26/1411/26/14REFUND OF LATE FEES$-25.00
11/26/1411/26/14DEBT PROTECT RVRSL (CRDT)NEWARK DE$-1.23

 

Aval credit $500/$500 

 

 

This is crazy, he did nothing and paid nothing yet literally everything on the card got refunded to him? 

 

Anyone know whats going on? He is very thankful at the moment.. haha


Maybe they closed it for non-use.

Message 2 of 6
juggar
Contributor

Re: Friends "Verve" card had all fees reversed??


@Anonymous wrote:

@juggar wrote:

So my friend has the Verve card and he just got it about a month ago. 

 

He didnt have money to pay his yearly fee($125, or the minimum) so he missed the payment deadline of Nov 23rd. 

 

Yesterday the balance was $150 or so because of the $25 late fee. 

 

Didnt spend anything on the card either. 

 

Today I log into his account to see if he had used it any or paid it like I told him, he had not, but I saw this: 

 

11/26/1411/26/14ANNUAL FEE REFUND NEWARK DE$-125.00
11/26/1411/26/14REFUND OF LATE FEES$-25.00
11/26/1411/26/14DEBT PROTECT RVRSL (CRDT)NEWARK DE$-1.23

 

Aval credit $500/$500 

 

 

This is crazy, he did nothing and paid nothing yet literally everything on the card got refunded to him? 

 

Anyone know whats going on? He is very thankful at the moment.. haha


Maybe they closed it for non-use.


Exactly what a buried post on a review for the card said. 

 

Just weird that it lets you log in likes nothings wrong. I'll have him charge like a dollar to itunes and see if the cards active. 

Amex Green, Chase Freedom(7.5K), Nationwide Visa Signature(6K), Chase Sapphire Preferred(6k), Cap One VentureOne visa signature (5K) BoA Cash Rewards siggy (5K), BoA travel rewards visa siggy(5K) PayPal Extras Mastercard(5K), Capital One QuickSilver(2.25K) Newegg Preferred Account(2K), Citi Forward(3.4K), Dell Account(2K) Discover IT(2.4K), Chase Slate (1.5K) Citi Diamond Preferred ($800), BestBuy Mastercard ($1500),Bill-Me-Later(1.2K), ,Barclay Mastercard(2K). TigerDirect TigerPay(3.15K), Wal-mart credit card(3.9K), Amazon store card (2K)

equifax - 720, TU - 747, Exp - 734 - report date 11/24/2014
15+ inqs...
Message 3 of 6
Anonymous
Not applicable

Re: Friends "Verve" card had all fees reversed??


@juggar wrote:

@Anonymous wrote:

@juggar wrote:

So my friend has the Verve card and he just got it about a month ago. 

 

He didnt have money to pay his yearly fee($125, or the minimum) so he missed the payment deadline of Nov 23rd. 

 

Yesterday the balance was $150 or so because of the $25 late fee. 

 

Didnt spend anything on the card either. 

 

Today I log into his account to see if he had used it any or paid it like I told him, he had not, but I saw this: 

 

11/26/1411/26/14ANNUAL FEE REFUND NEWARK DE$-125.00
11/26/1411/26/14REFUND OF LATE FEES$-25.00
11/26/1411/26/14DEBT PROTECT RVRSL (CRDT)NEWARK DE$-1.23

 

Aval credit $500/$500 

 

 

This is crazy, he did nothing and paid nothing yet literally everything on the card got refunded to him? 

 

Anyone know whats going on? He is very thankful at the moment.. haha


Maybe they closed it for non-use.


Exactly what a buried post on a review for the card said. 

 

Just weird that it lets you log in likes nothings wrong. I'll have him charge like a dollar to itunes and see if the cards active. 


They'll just charge the fee again.

 

I'd call them up and tell them to put that card where the sun doesn't go often.

Message 4 of 6
Anonymous
Not applicable

Re: Friends "Verve" card had all fees reversed??


@Anonymous wrote:

@juggar wrote:

@Anonymous wrote:

@juggar wrote:

So my friend has the Verve card and he just got it about a month ago. 

 

He didnt have money to pay his yearly fee($125, or the minimum) so he missed the payment deadline of Nov 23rd. 

 

Yesterday the balance was $150 or so because of the $25 late fee. 

 

Didnt spend anything on the card either. 

 

Today I log into his account to see if he had used it any or paid it like I told him, he had not, but I saw this: 

 

11/26/1411/26/14ANNUAL FEE REFUND NEWARK DE$-125.00
11/26/1411/26/14REFUND OF LATE FEES$-25.00
11/26/1411/26/14DEBT PROTECT RVRSL (CRDT)NEWARK DE$-1.23

 

Aval credit $500/$500 

 

 

This is crazy, he did nothing and paid nothing yet literally everything on the card got refunded to him? 

 

Anyone know whats going on? He is very thankful at the moment.. haha


Maybe they closed it for non-use.


Exactly what a buried post on a review for the card said. 

 

Just weird that it lets you log in likes nothings wrong. I'll have him charge like a dollar to itunes and see if the cards active. 


They'll just charge the fee again.

 

I'd call them up and tell them to put that card where the sun doesn't go often.


+1 Amend!

Message 5 of 6
juggar
Contributor

Re: Friends "Verve" card had all fees reversed??

Just wanted to update the thread in case someone else searches for this one day. 

 

Yes, they did cancel his card. I guess they figured it was better to cancel the card rather than try to collect on the fees. 

Amex Green, Chase Freedom(7.5K), Nationwide Visa Signature(6K), Chase Sapphire Preferred(6k), Cap One VentureOne visa signature (5K) BoA Cash Rewards siggy (5K), BoA travel rewards visa siggy(5K) PayPal Extras Mastercard(5K), Capital One QuickSilver(2.25K) Newegg Preferred Account(2K), Citi Forward(3.4K), Dell Account(2K) Discover IT(2.4K), Chase Slate (1.5K) Citi Diamond Preferred ($800), BestBuy Mastercard ($1500),Bill-Me-Later(1.2K), ,Barclay Mastercard(2K). TigerDirect TigerPay(3.15K), Wal-mart credit card(3.9K), Amazon store card (2K)

equifax - 720, TU - 747, Exp - 734 - report date 11/24/2014
15+ inqs...
Message 6 of 6
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