Future Shop is a joke!

[here4yagurlz]

So today was my final day to pay off my FS card - which had the purchase of my plasma on there and it was bought a year ago. It was interest FREE, and if I went past today, it would charge me interest.

So I go in, and was planning on putting the remaining amount on my M/C (have done it before no problem), but the lady says they no longer accept credit card payments for their FS card if the remaining amount is done in full. Im like what the hell? This is a load of bologne. What kind of garbage is this? Why does it matter if Im paying the entire sum, or $1 off my FS card? It shouldn't matter!

So the lady says I have to pay by cash. You gotta be kidding me, what a crock of crap! So I went all the way down to an ATM, pulled out $2560 cash, walked right into the same store, had to wait in line again, up to the counter and payed it. What the hell kind of policy is this? Cash only? Its not on the contract! What a load of bull...

Cheque I can understand not accepting, but credit card? :evil:

[Big Brother]

Then why dont you pay $2559 m/c and $1 cash then?

[here4yagurlz]

Then why dont you pay $2559 m/c and $1 cash then?

she said, cash only.

[audit13]

Could it be because FS will be charged a transaction fee by M/C ? I think it's around 2% ?

[Big Brother]

Wow, they are full of it. It's kinda dangerous walking around with that chunck of cash.

[Kommander_KornFlakes]

I concur FS is garbage. Currently I'm screwed, I asked for a credit and they gave it to me, I asked for a 1 year credit payable next October.... a month later I received a threatening letter asking me to pay my LCD screen immediately. The idiot vendor did not signed me up for the year credit but for a 30-day credit. I never received my Future Shop card but have received the statement balance. Now they want me to produce the receipt they gave me to change the error but I lost it. :mad:

[audit13]

Wow, they are full of it. It's kinda dangerous walking around with that chunck of cash.

I'd be nervous walking around with that amount of cash as well.

Why don't they accept Interac ? Is the amount to high for Interac ?

[akito925]

the fs card is a joke too.. but intrest free sounds temping.. but when it is over.. your screwed over.

[here4yagurlz]

Wow, they are full of it. It's kinda dangerous walking around with that chunck of cash.

thats what i was thinking. Thats the last thing i need, is to be carrying a grocery bag full of cash, since it couldnt fit in my pockets. I mean why even put the customer at risk? what if i got jumped at the ATM? Thats why i went in with 2 other friends just in case. Im sure i emptied out that ATM right to the bottom.

[here4yagurlz]

Why don't they accept Interac ? Is the amount to high for Interac ?

Well, I technically didnt have the full amount, thats why i was planning on putting it on my C.C. So i had to do a cash advance on it through the ATM. I was going to complain, but I didnt have the patience dealing with those morons. Im never buying anything from FS again. I dont care, if its $2 batteries...they are just a joke, create way too much unneccesary chaos and never admit to thier mistakes.

BB, London drugs, Circuit city, etc...they're at least honest, courteous and dont treat you like a convict.

And, yes do beware FS does slip hidden charges here and there onto the card.

[here4yagurlz]

I concur FS is garbage. Currently I'm screwed, I asked for a credit and they gave it to me, I asked for a 1 year credit payable next October.... a month later I received a threatening letter asking me to pay my LCD screen immediately. The idiot vendor did not signed me up for the year credit but for a 30-day credit. I never received my Future Shop card but have received the statement balance. Now they want me to produce the receipt they gave me to change the error but I lost it. :mad:

that goofball should be shown the door. I wouldnt be the least bit surprised if it was intentional.

[eliteblaze]

umm paying debt with debt is usually not allowed.

like youf can't pay your m/c with visa so I don't see why you should be able to pay the future shop credit card with VISA

[dalinxz]

that really sucks arent you going to have to pay a huge amount of interest for the cash advance.

[Kommander_KornFlakes]

the fs card is a joke too.. but intrest free sounds temping.. but when it is over.. your screwed over.

"Interest free" my butt, they charge you a $79 "administration fee"..... there's your interest.


umm paying debt with debt is usually not allowed.

like youf can't pay your m/c with visa so I don't see why you should be able to pay the future shop credit card with VISA

How wrong you are. I just received a Visa flyer encouraging me to pay other CC's debts with my Visa, they claim their interest rates are lower.

[deep]

Oddly, this thread hasn't negatively impacted my view of FS.

[dalinxz]

and for elite... of course you can pay debt with debt thats basically what the convenience cheques are for and also thats what the guy who invented bittorrent did he would transfer his debt from credit to credit each month so he wouldnt incur the interest and then get the rewards at the same time actually kind of smart but complicated.

[eliteblaze]

i'm not sure if they do this. BestBuy used to accept BB certificates as payment. You could have bought a whole bunc hof futureshop gift certs and paid your balance asusming you're relaly allowed to pay it by giftcard

tranfering from CC to CC is illegal; balance transfer is different but you can't pay CC with a CC.

[gman]

Cheque I can understand not accepting, but credit card? :evil:

I think they probably would take the cheque. Did you ask that?
If so, you can use your credit card cheque.

I agree with eliteblaze that you can't use credit card to pay debt. Using credit card cheque is not the same though.

[here4yagurlz]

umm paying debt with debt is usually not allowed.

like youf can't pay your m/c with visa so I don't see why you should be able to pay the future shop credit card with VISA

Why should it matter if its being paid via C.C.? The C.C. company has nothing to do with them. Frankly, its none of Future Craps business, because whether or not you pay your C.C. doesnt affect them. I could be paying the amount off my C.C. in full tommorow for all they know.

So what if the amount is $400? I guess paying a debt via a C.C. (what you claim to be debt as well) is unacceptable. gee, looks like all the other FS C.C. owners have to pay in cash or debit.

[gman]

How wrong you are. I just received a Visa flyer encouraging me to pay other CC's debts with my Visa, they claim their interest rates are lower.

It is not the same. A retailor store can't do cash advance. They can only do normal credit card purchase. That means the store need to pay the fee and credit card will give you grace period to pay it + whatever reward your CC gives you.

If you are allowed to use credit card to pay credit card (without using cash advance type of transaction), you will never pay any interest and keep on rolling in reward.

[dalinxz]

i agree with here4ya... because its just like when you buy something so lets say im buying a tv not financing does that mean that i have to pay with cash and cant use a cc. Doesnt make sense.

[here4yagurlz]

I think they probably would take the cheque. Did you ask that?
If so, you can use your credit card cheque.

I agree with eliteblaze that you can't use credit card to pay debt. Using credit card cheque is not the same though.

Well I dont use cheques anyways. But from what I remember, you cant. C.C. cheque who knows. theyre just totally contradicting themselves. So lets say my cheque bounces, what good is it getting my C.C. info if "they require cash?" It just doesnt make any sense.

[Piccolo]

deep


Just noticed ... one more post and it's 5000. Make it a good one ;)

[Cyber6]

Humm??.. I also don't get it.. Why would it matter if you pay with CC ?? .. Don't want to sound naive.. but I really don't deal with store cards (I find them a tad short of highway robbery).. so what's the problem with paying with CC?? They get their money, shouldn't that be enough??

C.

[eliteblaze]

"Interest free" my butt, they charge you a $79 "administration fee"..... there's your interest.




How wrong you are. I just received a Visa flyer encouraging me to pay other CC's debts with my Visa, they claim their interest rates are lower.

yah that's the EXACT same as a CASH ADVANCE. Read it. You pay interest from the date etc.

Call VISA and say you want it charged as a purchase. LOL

[gman]

Why should it matter if its being paid via C.C.?

It matter because they need to cut certain percentage to CC. The store already financed you. They don't want to spend more especially it does not increase sale.

[eliteblaze]

if your cheque bounces then they get full interest that's been accrueing and wil lsend it to the collectio nagency after a while. trash your credit rating etc.

yes it'll cost more than 3% but oh well

Well I dont use cheques anyways. But from what I remember, you cant. C.C. cheque who knows. theyre just totally contradicting themselves. So lets say my cheque bounces, what good is it getting my C.C. info if "they require cash?" It just doesnt make any sense.

[gman]

Well I dont use cheques anyways. But from what I remember, you cant. C.C. cheque who knows. theyre just totally contradicting themselves. So lets say my cheque bounces, what good is it getting my C.C. info if "they require cash?" It just doesnt make any sense.

Boucing a cheque and not paying them is the same for them. Since you come in to pay (instead of default it), it should not bounce. Why would one come in to bounce a cheque when one can just not paying them?

[here4yagurlz]

$79 admin, yes plus whatever on top.

Its basically $79 for someone in H.O to ring your form through the system, and never send you a card. How nice.

Then they all act so stunned when you tell them, you never received a card. Because they could really care less. Not like I would need it anyways. This is the only time I put something on a FS card. And never again, never again will I give them my business.

It was hard enough forking over all that money to those bastards today. :evil: To hell with them! THeyre just a buncha arrogant slugs.

[diddy321]

Wait a sec... Isn't the interest rate on a CC cash advance like in the area of 28% or something similar? I hope you are getting that $2800 or whatever soon....

I could see future shop not wanting you to pay by credit card because assuming they pay visa a 2.5% transaction fee thats $70 - almost nullifying their $79 transaction fee - and crushing their hopes of screwing you over!

[here4yagurlz]

Boucing a cheque and not paying them is the same for them. Since you come in to pay (instead of default it), it should not bounce. Why would one come in to bounce a cheque when one can just not paying them?

Im not saying one would do this, but theres always the possibility.

[gman]

Im not saying one would do this, but theres always the possibility.

If they allow you to use credit card, they will pay 2-3% of the amount you owe them to the CC company. If your cheque bounces, they will ask you to pay for bouncing fee + more.

[here4yagurlz]

If they allow you to use credit card, they will pay 2-3% of the amount you owe them to the CC company. If your cheque bounces, they will ask you to pay for bouncing fee + more.

oh ok, i can justify that now....somewhat. Frankly, considering theyve already billed me $32392377 for interest and hidden charges, im sure they can tuff out 2-3%. If not, they should make it in fine print on the contract.

[Agent_J]

C.C. cheque who knows.
C.C. cheques are as good as cash, so I don't see why they wouldn't accept it

Wait a sec... Isn't the interest rate on a CC cash advance like in the area of 28% or something similar? I hope you are getting that $2800 or whatever soon....
no 28% is what store credit cards charge, regular cc cash advances are usually 18.xx-19.xx% (there are some cards with lower rates than that though)

[D.NGUYEN]

Which store was it? I work at FS. It's usually not the employee's fault for following orders, if you have a complaint, tell the managers or call HQ. or whenever you need something, reach me at Futureshop Brampton, I'm probably the honest sales guy that woudn't lie to you. I do make commission but I really don't care about it. Most of the time when I see that a customer is buying something that is not beneficial, I'll tell them that they don't need to buy it and give them a plan to save the bucks (since I am influenced by RFD lol!). I'm not sure how the credit card paying for FS card works, since I'm not a CSR, but I'm pretty sure I saw someone paying for it with a credit card before. Anyways, And since I would make some commission from my sales, it will end up back in an RFD's members pocket anyways haha. So if you need me, give me a PM! I'll help you out.

[gman]

I'm probably the honest sales guy that woudn't lie to you. I do make commission but I really don't care about it.

Probably? I guess you are pretty honest with that. ;)

[jackass_ca]

thats what i was thinking. Thats the last thing i need, is to be carrying a grocery bag full of cash, since it couldnt fit in my pockets. I mean why even put the customer at risk? what if i got jumped at the ATM? Thats why i went in with 2 other friends just in case. Im sure i emptied out that ATM right to the bottom.

A good point was made a couple of replies up??? Do they not accept interac either??? You could have used Debit instead of going to the ATM, only to return with a wad of cash!

What you should have done, was gone to the bank, bought rolls of loonies, hauled them in in a cart, and set them on the counter for them to count...

[gman]

A good point was made a couple of replies up??? Do they not accept interac either??? You could have used Debit instead of going to the ATM, only to return with a wad of cash!

What you should have done, was gone to the bank, bought rolls of loonies, hauled them in in a cart, and set them on the counter for them to count...

He already said that he did not have enough money in bank. Hence, he went to ATM to cash advance from CC.

[jackass_ca]

i'm not sure if they do this. BestBuy used to accept BB certificates as payment. You could have bought a whole bunc hof futureshop gift certs and paid your balance asusming you're relaly allowed to pay it by giftcard

tranfering from CC to CC is illegal; balance transfer is different but you can't pay CC with a CC.

Actually, that's a good point, I noticed recently that Teppermans has a sign up stating that you cannot pay the balance of your LIne of credit there, with a credit card...

[jackass_ca]

C.C. cheques are as good as cash, so I don't see why they wouldn't accept it


no 28% is what store credit cards charge, regular cc cash advances are usually 18.xx-19.xx% (there are some cards with lower rates than that though)

Actually, you should read the fine print on some of the contracts... Cash advances, are usually 10% more than regular charges on most credit cards and you start paying that interest that day, as opposed to interest starting when the balance is outstanding already...

[itsmypostoffice]

you're very fortunate to find an atm that dispenses that much cash. most machines in toronto are locked under $400 and just a few around the key intersections offer $1000-$2000 maximum. sorry to hear FS giving you such a hard time...but i've come to expect that behaviour from FS. not the best, not the worst.

[gman]

Actually, you should read the fine print on some of the contracts... Cash advances, are usually 10% more than regular charges on most credit cards and you start paying that interest that day, as opposed to interest starting when the balance is outstanding already...

Yes and no.

1. Cash advance usually does not have higher interest rate. At least, as far as I know all my credit cards (6 of them) does not have higher interest rate for cash advance. However, there may be a cash advance fee.
2. Yes, you start paying interest on that day.
3. Depends on the credit card, if your balance was not 0, you may start to pay interest on the day you purchase. That is if your balance is not 0, you don't have the grace period.

[here4yagurlz]

What you should have done, was gone to the bank, bought rolls of loonies, hauled them in in a cart, and set them on the counter for them to count...

If I could have, it would have been my pleasure :lol:

[Kommander_KornFlakes]

I don't believe your ATM machine gave you $2,600 cash in one shot. All ATM's give only $500 and if you withdraw from multiple machines the same day you will never get more than $1,000.

[Agent_J]

1. Cash advance usually does not have higher interest rate. At least, as far as I know all my credit cards (6 of them) does not have higher interest rate for cash advance.
yup I'm quite sure most credit cards charge the same rate for cash advance and purchases, PCF charges 1% more though (not 10%). Most of them do charge a cash advance fee though with the exception of PCF

[JohnB]

Ive never heard in my life of an ATMs putting out $2600 cash for one accnt in one shot.

I thought it was around ~$400 max per day without going to see a teller for a personal withdrawl...

Besides I try not to have relationship ("favorite" vs "never-going-back") with any store, I just buy from where ever has the lowest price, dont talk to anysales people, then just leave :)

Leaving things to the last day always causes too many problems I find.

[bubble.tea]

......! So I went all the way down to an ATM, pulled out $2560 cash, .....:


what bank do you have?

I'm dying to know.

I use RB. The daily max is 500 or 1000. I had to call in and have them temporarily increase my load to 2000. I even remember in university, paying my tuition ~2000 it got rejected-doing an interac payment...so again....which type of account and bank do you use....and have you in fact recently made this same increase request :)

p.s. FutureSlop is a GREAT institution...

[here4yagurlz]

ok sorry, should have corrected myself. i didnt go to just one atm. and im with bmo.

[bubble.tea]

ok sorry, should have corrected myself. i didnt go to just one atm.
still shouldn't allow you to take out more than your daily MAX unless you've requested an insane increase. so again....which account/bank do you use.

[here4yagurlz]

what are you talking about? how would you know what my daily max is?

[hugewallet]

futurshop like to rip off customers. that is the only thing they do.

[eliteblaze]

it's not a withdral
depending on the CC they offer "emergency" cash advances up to your creditl mit.

[Siefer999]

A good point was made a couple of replies up??? Do they not accept interac either??? You could have used Debit instead of going to the ATM, only to return with a wad of cash!

What you should have done, was gone to the bank, bought rolls of loonies, hauled them in in a cart, and set them on the counter for them to count...

bank charges you for mad coinage like that i think, theres certain levels, and you have to call ahead of time for large coin orders.

otherwise, that would have been a great idea! :)



no 28% is what store credit cards charge, regular cc cash advances are usually 18.xx-19.xx% (there are some cards with lower rates than that though)

cc cash advances are compounded daily rather than monthly i think plus the usual cash advance fee(2.50?)

[gman]

it's not a withdral
depending on the CC they offer "emergency" cash advances up to your creditl mit.

Yep! Cash advance from credit card is not the same as withdrawl from bank account.

[eliteblaze]

tho he must have a great credit rating for that much cash advance. RBC limits even plat cards to $1000/day

[gman]

cc cash advances are compounded daily rather than monthly i think plus the usual cash advance fee(2.50?)

I think interest of credit card purchase is calculated the same way.

[here4yagurlz]

tho he must have a great credit rating for that much cash advance. RBC limits even plat cards to $1000/day

its not so much the credit rating, i have the option to advance up to my entire credit limit if i wanted. I have friends who have this as well on thier cards, its nothing new with banks. plus im paying 1/3 of it off this month anyways, so its not like im gonna let it sit there.

[bubble.tea]

what are you talking about? how would you know what my daily max is?

I never presumed as much. That's why I've been asking nicely, how you happened to be able to pull that much out.

Other interest...is to rule out the possibility, that other banks than RB...don't even have a daily limit on standard accounts. My question on what TYPE of account, was because even with RB you can get a very generous daily limit...one which nobody would ever need to come close to.

so...we gonna continue this cherade(sp)? much longer?



oh ****...I justrealized...you had made a credit card cash withdrawal? or was it a withdrawal from your bank account? cuz you say went to several atms...

[eliteblaze]

ATM CC cash advance :)

Some cards do allow full up to credit lmit, while others don't. But Credit rating must be good. If you're missing payments they will restrict cash advances to a daily limit.

Bubble tea: RBC by the way maxes at $1000 for all standard VISAs. Also withdral limits are negotiable. Just go to your personal banker and biatch if it's a concern. they can raise it with a few keystrokes

[WiZZLa]

I concur FS is garbage. Currently I'm screwed, I asked for a credit and they gave it to me, I asked for a 1 year credit payable next October.... a month later I received a threatening letter asking me to pay my LCD screen immediately. The idiot vendor did not signed me up for the year credit but for a 30-day credit. I never received my Future Shop card but have received the statement balance. Now they want me to produce the receipt they gave me to change the error but I lost it. :mad:

Actually, in your case, you screwed yourself, and it was clearly your fault.
This is a very different situation.

[j3fan]

So today was my final day to pay off my FS card - which had the purchase of my plasma on there and it was bought a year ago. It was interest FREE, and if I went past today, it would charge me interest.

So I go in, and was planning on putting the remaining amount on my M/C (have done it before no problem), but the lady says they no longer accept credit card payments for their FS card if the remaining amount is done in full. Im like what the hell? This is a load of bologne. What kind of garbage is this? Why does it matter if Im paying the entire sum, or $1 off my FS card? It shouldn't matter!

So the lady says I have to pay by cash. You gotta be kidding me, what a crock of crap! So I went all the way down to an ATM, pulled out $2560 cash, walked right into the same store, had to wait in line again, up to the counter and payed it. What the hell kind of policy is this? Cash only? Its not on the contract! What a load of bull...

Cheque I can understand not accepting, but credit card? :evil:

You should be lucky that they accepted master card the other times you pay...usually, you can't pay off a credit card with another credit card....but the credit cards do accept balance transfers in which they usually charge a fee unless you get those special deals with 0% balance transfer for first few months....

[j3fan]

and for elite... of course you can pay debt with debt thats basically what the convenience cheques are for and also thats what the guy who invented bittorrent did he would transfer his debt from credit to credit each month so he wouldnt incur the interest and then get the rewards at the same time actually kind of smart but complicated.

that is not paying debt with debt....that is call a balance transfer, although it does seem similar....

[RSD]

she said, cash only.
shoulda walked in and pointed to an armored car full of pennies

[weedb0y]

I don't believe your ATM machine gave you $2,600 cash in one shot. All ATM's give only $500 and if you withdraw from multiple machines the same day you will never get more than $1,000.

I took out $700 just last week from CIBC machine.

[weedb0y]

what bank do you have?

I'm dying to know.

I use RB. The daily max is 500 or 1000. I had to call in and have them temporarily increase my load to 2000. I even remember in university, paying my tuition ~2000 it got rejected-doing an interac payment...so again....which type of account and bank do you use....and have you in fact recently made this same increase request :)

p.s. FutureSlop is a GREAT institution...

You can change your daily max to whatever you desire. It is set to a certain limit for security reasons for yourself. People who are dealing with more cash transactions have higher limits to begin with, but nothing a phone call to their telebank services wouldn't fix. I have taken over $1000 out at times too.

[gman]

shoulda walked in and pointed to an armored car full of pennies

They can legally refuse to accept that.

[second2none]

This is a standard policiy in most large retailers with a store credit card.

Simple. You can't pay off a credit card with another credit card. Wether it's HBC, FutureShop, Brick, Sears, etc...

You may use Visa/MC/Amex cash advace cheques to pay off a store credit card, but you'll be charged interest as of the day it's used.

Why would they grant you a year interest free and then let you use a Visa to pay off the balance and loose another 2%+?

[Yaowsers]

Cash is king. I see no problem with them changing their policies. They are entitled to do whatever they want within reason. This was within reason. You were just unwilling to pay them off in cash like they asked.

Yes FS does suck.

[Tiberius]

I can't really blame Future Shop for what they did... they would be charged up to 5% (Visa rate I believe... MC is 2.5 or 3% I think) if they let you transfer the balance from their credit card to another one.

OBVIOUSLY, they want to make the interest on the credit balance and not "kite" it to another credit card where they aren't getting the interest payments.

The real issue here is that you bought something you could not afford. They fascilitated this by offering you credit to do so. Why? Because they would make money off of it! (they are in business to make money) They offer all of these no interest/no payment until type plans because it generates sales, and later on for many of the purchases, it generates them interest and penalty charges when the amount isn't paid off on time! That is what they WANT - to make money!

If you want to buy something you can't afford, then you have to pay the extra price involved. You even admit you still did not have the funds to pay off the purchase and had to "borrow" against a credit card to pay off the Future Shop debt.... the credit card company now gets to benefit with high interest rates on that cash advance because you bought something you couldn't afford....

As you can probably tell, I'm not a big fan of "credit" being used in certain ways. If you have things you can't afford, they end up costing you much more in the long run... which only hurts you financially from a long term perspective...

[BobW]

to pile on here with everyone else.

Credit Card companies (not the retailer) set the rules regarding using credit cards to pay debt. The long and short of it is that the Credit card companies view that transaction as a cash advance as it is not a purchase of an item or service. The same ruling would apply if you tried to buy a money order on visa. It would be a cash advance, not a purchase.

The other side of that is that some stores are more effective/into enforcing the rule. You found a rule nazi. Most stores would let you purchase a gift cert on visa, but they aren't supposed to.

[siriuskao]

I thought it has been like this for a long time. I remember they used to allow people to pay with gift card but they realized ppl are using CC to buy gift card to pay FS card therefore that was dis-allowed.

you can't pay credit card with credit card. else I'll get 2 cc and I can get a loan interest free forever.They might accept balance transfer cheque though......

but this is defintely not FS's issue.

[gman]

The other side of that is that some stores are more effective/into enforcing the rule. You found a rule nazi. Most stores would let you purchase a gift cert on visa, but they aren't supposed to.

Buying gift certficate/card is not cash advance since you can't use it in another store. However, if the store allows a person to use gift certificate/card to pay off the store credit card, it is another story.