Wells Fargo (Costa Mesa) Complaint - High interest rate-it NEVER goes down
I got a wells fargo visa card when I opened up my account with them. I had just gotten my first, job, and I needed somewhere to cash my checks. I got the visa card thinking "if I spend a little every month and pay it off, I will build up my credit".
Well then I moved and needed some extra money for rental deposit, so I used the cash advance and took $200. My interest rate went up to 20% PER MONTH and has been steadily rising ever since. I pay well over the minimum due every month, the interest rate NEVER has gone down.
Also, they put some stupid "wells protect" insurance thing on my card without me signing up for it. It takes a percentage out of your balance on the card and is supposedly for if you lose your job or some horrible thing happens you dont have to pay your payment for a few months. Its a rip off. And it took 3 times me calling and saying I wanted it off my account before they finally did it.