NextCard, Inc. (NXCD) Message Board

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Technology Stocks : NextCard, Inc. (NXCD)

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To: Sr K who wrote (101)	8/5/2001 3:20:04 PM
From: THOMAS GOODRICH	Read Replies (1) of 192

Investors considering NextCard as either a stock holding or becoming a credit card customer should first take into account this organization appears to have engaged in deceptive advertising and further appears to have induced thousands of consumers into making purchases and utlizing balance transfers under so-called promised on-going rates of up to 9.9% which were never the bottom line and will cease to be available for most premium customers after August 15, 2001. NextCard continues to advertise aggressively low rates which are not available to many if not most cutomers and it is only a matter of time before this bank comes under great scrutiny of federal and state agencies as well as consumer protection groups, etc. CSR's have NO lattitude to make decisions and some admit there are many customers expected to either close of transfer their accounts elsewhere. Furthermore, NextCard has given customers NO opt-out privileges as is customary in the credit card lending industry. Be wary of NextCard. As a former best-customer of this bank, I personally believe there is evidence of consumer deception which could lead to serious legal issues for this lender.

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