Does anyone have an imagine gold mastercard and what are the monthly payments?

Answer 1

that is a rip off. hopefully you haven't activated the card and can cancel it without paying the fees.

Answer 2

Your monthly payment should be whatever your balance is.

Check your Bankcard Terms to find out what the payments are, they are based off your balance, what you owe...sometimes around 3% because they want your minimum payments to be less than what your interest charges are every month so they make much dinero off of you.

Unfortunately no one here can answer this question for you. Why on earth would you get a credit card and not understand what the payment terms were in advance?

So dumb.. I just looked up this card and it sounds like another FIRST PREMIER Scam:

>>If you are approved for this offer, your credit line will be $350 with an annual fee of $150 and initial available credit of $200. Certain fees will apply to this offer. <<

>>* After you use your card, a $9.95 account maintenance will apply in each month in which you carry a principal balance.<<

>>Automatic Payment Plan Payment Amount: By applying for an Imagine Gold MasterCard®, you request that we automatically deduct from your checking account the minimum payment due each statement cycle. No minimum payment will be due until you have actually used your card to make a purchase or cash withdrawal. <<


If you haven't used this card.. SEND IT BACK! In fact.. even if you have.. SEND IT BACK..you probably have 30 days to get your $150 annual fee back.

Have you tried Capital One or Orchard Bank?

Above why do you need a credit card that only gives you a $200 limit and charges you $270 a year in various "fees"?

Hon, I would suggest opening a free savings account at INGdirect or another bank and putting $22.50 a month into that This is the money you will have "wasted" by paying IMAGINE Gold MC their ridiculous fees.

At the end of one year, you'll be $270 richer! Pay yourself!

Answer 3

I actually have this card. The gold part threw me off but when I looked it up, I found it's the same one I've got. Yes the only requirement is that you have a checking account, so that they can take your $20 per month out of it. However, I always send my money in the form of a money order, and I send it early enough so that they can process it. Then they don't touch your account. You can also pay your bill online. I've had it since January, I get increases and I love it. If you've got bad credit like myself you really can't be picky when it comes to the fees. I took my card down to a zero balance as soon as I got it I sent in $250. If your credit is a little better and you don't like the fees then go with someone else. They also report to all 3 bureaus.
People always complain about what something costs them but if you're a smoker, smoking a pack a day at $4 a pack you are paying someone $120 a month to help kill you. Why not pay someone $250 to help rebuild your credit????

Answer 4

This Site Might Help You.

RE:
Does anyone have an imagine gold mastercard and what are the monthly payments?

Answer 5

Minimum payments won't have an effect on your credit rating per se, but I would perhaps double the minimum payment so that the debt reduces faster as its costing you a fair bit in APR having that debt. Me - I would pay it off ASAP because I HATE owing money to anyone, but that actually makes my credit score lower!! Mad.

Answer 6

It's one of the worst credit card ripoffs in the country. Stay away!!