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Below are cardholders reviews and experiences with the Motley Fool credit card.
Date :20th April 2005
First Name: GJ
Which credit card are you reviewing?: The Motley Fool Visa Credit Card
How long have you had this card?: less than 1 year
Rewards and Benefits: Poor - not happy, looking for a new card perhaps.
Cost and Fees: Poor - high annual fees and/or high apr
Customer Service: Average - they were ok
Comments : I just received a mailing that looked like junk mail (it didn't even state that is was MBNA/Visa) Fortunately, I opened it - it was the Motley Fool Visa/MBNA credit card stating (in fine print) that my account will be
subject to default pricing - ie, they can raise the the APR to 24.99% for my payment being one day late.
THEN - to sweeten the deal,they announced a variable payment due date, that varies between 20-32 days. So - one month, it could be 32 days, the next, 20. Taking out the up to 7 days for mailing/processing the bill, that means you don't even have 2 weeks to pay the bill.
Luckily, I read this, instead of throwing it into a junk mail pile. For, if I had The Motley Fool Visa card set up on a monthly pay plan in my bill-pay system, I would automatically miss the due date, and the APR would go up.
They get you coming and going....
Would you recommend this card?: No
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