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Registered
Join Date: Aug 2001
Location: Illinois
Posts: 309
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At first C2it.com seems like a good idea to pay for auctions etc.
I just found out that if you use C2it to pay for something using your credit card, it goes through as a CASH ADVANCE I got charged a cash advance fee of $5.00 plus finance charges for a $8.00 auction payment!! This really angered me because I don't revolve my account and now I have to pay a fee and finance charge!! I talked to C2it.com customer service and they stated that whenever you use C2it to pay for an auction linking it with your credit card, the merchant code that applies to that transaction is 4829 which is described as "Wire transfer or money order" which most visa/mastercard companies will list as a cash advance with the exception of Citibank because they own C2it.com And the reason I don't link to a bank account is because a charge is more easily disputed through visa/mastercard than your bank institution. Just thought to share my disappointment just in case there are others who are not aware of Citibank's policy. Esther |
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