SF
Sidney Farrell-Thorne

1 reviews | Active since Oct 2023

06 Jan 2024, 15:06

Interest Rip-off by RCS

RCS holds on to your payment for a week before processing it to your card account. "Company policy" I am told. This way they earn an enormous amount of interest on your delayed payment while you pay interest at an enormous rate on your credit card with them because your payment has been sitting in their investment account somewhere.. This is in addition to the interest they make on your account when you owe them money. If you pay a credit card at a normal bank it is in your account either immediately or the next day. Not at RCS, they are ripping the public off. 7 days of interest income on your money while you pay them even more on the balance on your account for those seven days. So they score at both ends. This is a huge rip-off at your expense. I aim to get rid of this card ASAP. If you have an RCS card, check out how long it takes for your payment to reach your card. They are laughing all the way to the bank, at your expense. This is how we get ********** every day.

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Replies (1)
RCS
RCS's reply06 Jan 2024, 15:13
Official
Good day 

We herewith acknowledge receipt of your complaint.

We have escalated your complaint to the relevant department for further assistance.

Should you have any additional enquiries please do not hesitate to contact our Customer Service Department telephonically on ***or via e-mail: ***

Kind Regards

RCS Group

Best regards,