Lemon Award for Facebook's Visa
Issued by Chase called the 'plus one' Visa

Facebook should call this the PLUS 23% Visa instead of plus one. Lemon Awards are given for bad banking but this one is a first for bad banking partnerships.

The facebook ads splash free facebook t-shirt. This $5 t-shirt can soak you for thousands in interest...

The gouge me rate of 18.24% or 23.24% is classic rip off. When Schumer wrote the legislation dictating interest rates be disclosed, I doubt that he meant post two rates and the bank tells you later how much you owe.

Congrats Facebook, you've launched a week and you get a Lemon Award! 30,000 facebook members who've joined the group "plus1" beware! You're in for a real bath should you ever owe on this card.

p.s. mark zuckerberg, I hope you get more rich...

Check Chase (oops I mean First USA) yourself from inside of facebook.com


http:// www.firstusa.com/cgi-bin/webcgi/webserve.cgi
has a disclosure box below

The Amazon site detailing the promo of $20 for after you activate and use your new credit card has cautions as well. It reveals the $20 is mailed presort third class 6-8 weeks after your first purchase from:
Reward Headquarters
1299 North Highway Dr
Fenton MO 63099

WARNING: it comes looking like junk mail your roomates might toss!

Mine got lost in the mail but they were nice and mailed me a new one. It was a lot of work to get my gift certificate claim code PNAT TXBGHG XXJ6. It's used so don't cut and paste it

**Disclosure Box**
Pricing & Terms

Please take a moment to carefully review the Pricing & Terms below.


Annual Percentage Rate (APR) for purchases

A 0% fixed APR for the first 6 billing cycles following the opening of your account. After that, 18.24% or 23.24% variable, depending on our review of your application and credit history.

Other APRs

Balance Transfer APR : A 0% fixed APR for the first 6 billing cycles following the opening of your account. After that, 18.24% variable or 23.24% variable, depending on our review of your application and credit history.

Cash Advance APR : 24.24% variable

Default APR : 32.24% variable. See explanation below. b

Overdraft Advance APR : 13.99% fixed (not available in some states)

Variable rate information

The following APRs may vary monthly based on the Prime Rate: c

Purchase and Balance Transfer APR : The Prime Rate plus, as applicable, 9.99% or 14.99% for outstanding and new balances after the introductory period.

Cash Advance APR : The Prime Rate plus 15.99%.

Default APR : The Prime Rate plus up to 23.99%. d

Grace period for repayment of purchase balances

At least 20 days

Method of computing the balance for purchases

Two-cycle average daily balance method (including new purchases).

Annual fee


Minimum finance charge


Transaction fee for balance transfers

3% of the amount of each transaction, but not less than $5.00 nor more than $75.00.

Transaction fees for cash advances

3% of the amount of the transaction, but not less than $10.00.

Other fees

Late Payment fee: $15.00 on balances up to, but not including, $100.00; $29.00 on balances of $100.00 up to, but not including, $250.00; and $39.00 on balances of $250.00 and over.

Over-the-Credit-Limit fee: $39.00

International Transactions: 3% of the U.S. dollar amount of the transaction, whether originally made in U.S. dollars or converted from a foreign currency.

a Rates, fees, and terms may change: We reserve the right to change the account terms (including the APRs) at any time for any reason, in addition to APR increases that may occur for failure to comply with the terms of your account. For example, we may change the terms based on information in your credit report, such as the number of other credit card accounts you have and their balances. The APRs for this offer are not guaranteed; APRs may change to higher APRs, fixed APRs may change to variable APRs, or variable APRs may change to fixed APRs. Any changes will be in accordance with your account agreement.

b Your APRs may increase if you default under any Cardmember Agreement you have with us for any of the following reasons: We do not receive, for any payment that is owed on this Account or any other account or loan with us, at least the minimum payment due by the date and time due; you exceed your credit line on this Account, if applicable; you make a payment to us that is not honored by your bank; or, if at any time after your Account is closed, we demand immediate payment of your outstanding balance and we do not receive payment within the time we specify.

c The "Prime Rate" is the highest prime rate published in the Money Rates column of The Wall Street Journal two business days before the Closing Date on the statement for each billing period. Variable APRs are based on the 8.25% prime rate on 07/05/2006.

d We may consider the following factors to determine the default rate: the length of time your Account has been open; the existence, seriousness and timing of defaults; other indications of your Account usage and performance; and information about your other relationships with us, any of our related companies or from consumer credit reports.