Love L.L. Bean! Hate MBNA!
Written: May 24 '05
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Pros: Free shipping & monogramming
Reward dollars
Cons: Charged Interest even if balance due paid in full!
High Interest/Late Fees/Over-Balance Fees!
The Bottom Line: Stay away unless you can use Credit wisely. Meaning, pay off your balance in FULL each and every month.
Otherwise your free monogramming and shipping WILL cost you a FORTUNE!
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| kchillas's Full Review: L.L.Bean Visa (MBNA America) |
I love L.L. Bean and I too love being able to get free monogramming and shipping, but BEWARE of using your L.L. Bean card from MBNA for other purchases!
Yes, they will be glad to up your credit limit! My husband got mine up to $15,000. Do you have any idea how much interest is charged on $15,000? Too much!
The only way this card can be of value is if you PAY IT OFF EACH MONTH IN FULL!!! If you don't, any remaining balance converts to a continuous interest. Meaning, when you get your bill next month and pay the FULL BALANCE--you are not paying off the full balance. You will STILL OWE interest from the date of the bill until they credit your payment.
And speaking of payment, if you pay on-line, they set the payment date to the last day of the billing cycle. So, while you don't get charged a late fee, you will be charged INTEREST for every day in the billing cycle. Thus, earning them MORE MONEY!
And, we won't even talk about Late Fees or Over Balance Fees or the fact that if you ARE over your balance the payment they require will not be enough and NEXT MONTH YOU WILL BE OVER BALANCE AGAIN. Generating MORE MONEY!
Love L.L.Bean! Hate MBNA!
Recommended:
No
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Epinions.com ID:
kchillas
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Reviews written: 1
Trusted by: 0 members
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