The Better Business Bureau of Minnesota and North Dakota has received a report from a consumer in the Twin Cities area about a credit card solicitation they received via fax. The fax is from Union Workers Credit Services located in Dallas, Texas. Union Workers Credit Services currently has an F rating with the BBB of Dallas, with 297 customer complaints on file.
The solicitation claims to offer a Platinum Card 'Membership' with a $10,000 credit limit, along with a 5% APR, but requires a $37 annual membership fee. However, according to the FTC, while sounding like general-purpose credit cards, some 'platinum' or 'gold' cards permit you to buy merchandise only from specialized catalogs. Merchandise is available on Union Workers Credit Services' website.
Before agreeing to any offers such as this, you should always contact your local BBB (www.bbb.org
) or state Attorney General's office to see if any complaints have been filed against promoters of 'platinum' or 'gold' cards. Consumers should also be aware that rarely can they improve their credit rating or get major credit cards by signing up for 'platinum' or 'gold' credit cards, and that often the only major credit card you might get is a secured credit card that requres a substantial security deposit with a bank.