1 Jan, 2018 → by ClaimboUser12490
Interst Charges and Proceedures
*SOLVED

3

It's unfortunate Amazon.com chose to use GE Money to create an "Amazon.com Store Card" as their credit card - and their preferred card which they feature before other traditional card options such as VISA and Master Card. While offering deferred interest charges on major purchases where the dollar amount of the item plus other criteria are met the terms of the buyers agreement with GE Money are well hidden in a myriad of small legal print. The most egregious -and easily overlooked - from the second you make a purchase using this card you are being changed interest vs. using VISA, etc. which most all provide a grace period for payment before they begin adding interest charges to your account. Using this store card of Amazon's is a prime example of buyer beware or be prepared for a shock when you see your GE Money/Amazon monthly statement on any item not eligible for deferred charges. If you follow any of the CC complaints posted in many places on the Internet you'll quickly note GE Money's poor reputation when it comes to dealing with consumers who use their services.
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