Pros: They are making a stupid amount of money off the backs of hard working Americans
Cons: They think charging Mafia style interest rates is just fine.
My Visa card account was "sold" to First National when my bank of 20 years changed hands.
On my last statement from First National, I noticed what I thought was a mistake: an interest rate of 31.82%. That would be $318 in interest for $1,000 in credit for a year.
I called them and they confirmed this rate. I immediately payed off the balance and closed the account.
Avoid this horrible, cruel loan sharking company! (And SunTrust, their partner-in-crime)
(I should have known they were suspect when I saw they were trying to sell me "Omaha Steaks" on my statements!)
Contact these losers and let them know what you think:
President, First National Bank Omaha
President and Division Head of First National Credit Card Center
Executive Vice President and Chief Financial Officer