I received an email from Costco saying if I open Elavon new payment processing account, I will receive 500$ credit. It has application and monthly fee but some may get waived if having executive membership.
The email was not clear enough on whether it is a credit line, CC or whatever it is. Can somebody clarify it? Does it work, if I do purchases online only but not visiting Costco physically? Also, the fees were not clear, especially possible hidden fees. Why does this service has a high fee?
Fico8: EX~EQ~TU~810 (12 month goal~840).
Thanks. I spent more time researching it and I could see several negative reviews and complaints on various websites. It looks like 500$ credit as invitation is not worth and it is a very risky service (based on some reviews, cancellation was also not straightforward).