What about catalog "membership" cards?

[UnrulyJulie]

Any thoughts on these cards that look like a V or MC with a high credit line, but are really memberships to purchase only the company's products via their catalogs?

I just got an e-mail offer for "USA Platinum" with a $7500 "credit" line. I investigated and read the T&C, and the appeal is that this could help re-build credit. They don't have any outrageous fees and report to all 3 CRA's. I wish I could see what their "products" were though. You can't see a catalog until after you are approved and they send some kit to you in the mail.

[ggluvbug]

last night i was doing a search on secured credit cards and i came across this one. several websites had links under ways to rebuild credit for this company. i didn't read all the details, but i have received similar offers in the mail, and they always had lots of up front fees and initial minimum purchases, etc....

[DocDon]

The quality of the products are many times not something you'd want to give as a gift if you know what I mean.

To get the 'higher quality' products, you many times have to lay out a generous cash deposit.

Check their "fees" again. You'll see they try to sneak a lot more fees into the package than you think.

There seems to have been great success with National City and their secured card. Give them a try.

[NoBull]

BEWARE

CHECK THIS OUT...

http://www.ripoffreport.com/results.asp?q1=ALL&q5=USA+Platinum&submit2=Search%21&q4=&q6=&q3=&q2=&q7=&searchtype=0

[UnrulyJulie]

Wow, thanks... I shouldn't be surprised.

[edubb007]

STAY AWAY