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Visa Complaint - Overcharge user of gift card - gift card

Complaint
Review by bulla on 2007-01-14
LOVELAND, COLORADO -- I can not beleive how greed has set into poisening your Visa Gift cards

First you pay $4.00 or more for the card, then $2.95 a month after 6 months.
Then .50 fee to check on your balance.
What greedy snakes you have become..
I really thought it was a wonderful idea and did not mind paying the fee to buy the card, but now when all is known it is one of the biggest rip offs I have ever gotten involved in.
But the surprising part is that it is legal for you greed mongers to do.
It is so sad that corporations have to stoop that low to make 50 cents.
You even have the gift card money in advance of the spending, WOW what a sweet deal for you.
Needless to say you will get no more from me or my grand children, we will just use green currency from now on, hope you enjoyed the money you made off of the cards and spent it wisley there will be no more.

When you give a young child a gift card to teach them about handeling money you have to explain to them about the big thieves that take it from them, I guess in today's world they can not learn that to young. "Way to go Visa".
Comments:
Posted by Cyane on 2007-01-14:
When purchasing the card, the customer is told of the stipulations that are attached to them. If you have an issue with the company and its fees, don't buy them. Furthermore, cash works just as well for teaching a child about money, if not better.
Posted by MRM on 2007-01-14:
I, too, thought that the VISA giftcard was a good idea, but when I read the fine print that came with all kinds of fees, I was disappointed, and did not purchase the giftcard. So the moral of the story is to read the fine print and you wont make a mistake.
Posted by amaniR on 2007-01-14:
Thanks bulla for taking the time to warn us. I knew there were fees but I had no idea there were so many!
Posted by Extended Warranty on 2007-01-14:
Don't forget they also make money by charging the retailer transaction fees!

Best Buy gift cards are the greatest gift cards IMO.
Posted by tander on 2007-01-14:
If you buy your Visa gift Card from where you bank at there's no charge, at least not at my bank.
Posted by KenPopcorn on 2007-01-15:
What Tander says is true, but the 6-month fee and the monthly fees all apply. These cards are just not a good value.
Posted by Timboss on 2007-01-15:
Why not use cash? Then you are not tied to one store. Tacky? I'd much rather have cash than deal with a gift card trying to buy something for around the amount of the card.

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