Last week I received an email credit card offer for the Vast Platinum Shopping Credit Card. Not having seen a credit card offer in the mail in a long time, I was curious. With a little checking, it became obvious very quickly that the email was a scam using what is, at best, a dubious, but legitimate, credit card.
The email offer
Dealing with spam (not the canned kind, but the email) can be almost a daily routine. How many times has some wannabe scammer sent out an email without spellchecking their work? Good grief, guys. Listen up, you need to pay more attention to details.
The email I received was from “Subject line.” Really? The actual subject line read, “1000 USD: You are Invited to Apply.” How nice. I was invited. It almost sounds like it would be a privilege to have the card—but then, that’s assuming I’d even want a card with such terrible terms.
The Vast Platinum Shopping Credit Card
The real Vast Platinum Shopping Credit Card isn’t much better than the email solicitation I received. To begin, this card is a store credit card, which means it’s for exclusive use at an online store. Unique Card Services offers this card and it comes with some very questionable terms.
The card comes with an application fee of $29.95 and a monthly fee of $19.95. That’s going to set you back almost $270 your first year. On their website, Unique Card Services has a large box that says there’s no monthly fee on the card, yet in the fine print it discloses that there actually is a monthly fee.
The company puts a positive marketing spin on the card terms—save big bucks shopping online, we never turn down an application, blah, blah. The flip side is the company is gouging unsuspecting people who need access to credit with exorbitant monthly fees and dubious claims. While not an out-and-out scam, this one runs as close to the line as it gets without crossing over. Save your money and find a better deal.
Did you like this scam tip? Take a look at last month’s, 6 tips for dealing with Amazon brushing scams.