Give fun - credits!

[LuvMyBoys]

I agree with Tricia and bs4free, I can't imagine how they would keep customers with that type of policy.

Gift cards are not a cash equivalent, you can only use them for limited things, I don't see how the bank can argue that they are the same thing as cash which has no restrictions!

If I were you I would refuse to pay the charge before speaking with a manager and finding out where in the fine print this charge is noted. It does not sound like a customary industry charge AT ALL.

Good luck, I hope you can get them to reverse it, I feel so bad that you did the shopping to make money and then got nailed with an outrageous charge from your cc

[m 'n c]

I am so stinkin mad! I got my Bank of America visa bill in the mail today. $40.02 charged on it!

I ordered a $1000 and $300 Give fun Gift card and used this visa. I paid it cash at the bank the next day so I wouldn't get interest charged. Today I find out that the gift cards are 'like cash equivalent' and charged a 3% fee minumum $10 for things like that (gift cards, casino chips, travelers checks, money orders) with the visa card.

I've never had this sort of issue with a visa before. I told her we'd ordered gift cards before and never had this issue. The lady said that I'd better keep that quiet otherwise they might go back and charge me the fees anyways!

Nice.

Anyways, at least I got my gift cards and paid my AAA package. That was the most important part, but that $40 made this whole process not worth it. Next time, using the debit card - so much for trying to rack up points on my visa.

That sounds horrible. I my opinion of BoA has been going down lately especially after the whole illegal immigrants can get bank accounts but not American citizens fiasco from a few months ago. Talk about ticked me off! While I hate Chase I'd never switch to BoA now.

Anyways I'd be on the phone with managers and getting that charge reversed. Gift cards maybe cash equivalents in the grand scheme of things but they are not the same as cash advances!

You should not be getting charged fees for buying gift cards. If they won't waive that fee you should cancel and go with someone else. Amex has the Amex blue that doesn't charge a fee for rewards (unlike the green card) and I love my Amex and the customer service is the best. I'm sure they would like your business and treat you well.

[nurseminnie76]

I am so stinkin mad! I got my Bank of America visa bill in the mail today. $40.02 charged on it!

I ordered a $1000 and $300 Give fun Gift card and used this visa. I paid it cash at the bank the next day so I wouldn't get interest charged. Today I find out that the gift cards are 'like cash equivalent' and charged a 3% fee minumum $10 for things like that (gift cards, casino chips, travelers checks, money orders) with the visa card.

I've never had this sort of issue with a visa before. I told her we'd ordered gift cards before and never had this issue. The lady said that I'd better keep that quiet otherwise they might go back and charge me the fees anyways!

Nice.

Anyways, at least I got my gift cards and paid my AAA package. That was the most important part, but that $40 made this whole process not worth it. Next time, using the debit card - so much for trying to rack up points on my visa.

I would definately dispute that charge. I purchased a $1000 gc from givefun on 8/9. I used my BOA Worldpoints Platinum Plus Visa to pay for it. The charge posted to my credit card on 8/10 and I haven't seen any other charges related to it. I also paid the charge off two days later as to avoid finance charges. I've never been charged anything extra for purchasing gift cards, but I will double check after my statment cycle closes.

[OregonGirlie]

Thanks everyone! I am going to call back tomorrow and see what I can do. It nothing will be done, I'll just tell them I'll use another company that wants my business and move along to the Citi card I have being unused since Tricia has no issues buying gift cards.

I'm really disapointed in BofA now.

Oh and LeeAnn - that is the EXACT card I used: BOA Worldpoints Platinum Plus Visa. I've had it about a year, and didn't start using it until June (for SR), and now I'm thinking I'll just cancel it if they refuse to drop the $40.02.

This is crap. I found this on their website. I opened my card Sept 06 (NOT after 10/10/06). I also fail to see how gift cards fit into that. I don't see how they can charge me this. She did mention the casino chips, money orders, etc on the phone - but I don't see gift card in that category.

"For accounts opened on or after 10/10/06, the fee for each non-check Cash Advance and Cash Equivalent transaction will be 3% ($10 min) and the fee for each Balance Transfer processed after the introductory period and for each Convenience Check (Check Cash Advance) will be 4% ($10 min, $90 max). Cash Equivalents include the following purchase transactions: wire transfers, person to person money transfers, bets, lottery tickets, casino gaming chips, money orders, foreign currency, and travelers checks from a non-financial institution. "

[LuvMyBoys]

Thanks everyone! I am going to call back tomorrow and see what I can do. It nothing will be done, I'll just tell them I'll use another company that wants my business and move along to the Citi card I have being unused since Tricia has no issues buying gift cards.

I'm really disapointed in BofA now.

Oh and LeeAnn - that is the EXACT card I used: BOA Worldpoints Platinum Plus Visa. I've had it about a year, and didn't start using it until June (for SR), and now I'm thinking I'll just cancel it if they refuse to drop the $40.02.

This is crap. I found this on their website. I opened my card Sept 06 (NOT after 10/10/06). I also fail to see how gift cards fit into that. I don't see how they can charge me this. She did mention the casino chips, money orders, etc on the phone - but I don't see gift card in that category.

"For accounts opened on or after 10/10/06, the fee for each non-check Cash Advance and Cash Equivalent transaction will be 3% ($10 min) and the fee for each Balance Transfer processed after the introductory period and for each Convenience Check (Check Cash Advance) will be 4% ($10 min, $90 max). Cash Equivalents include the following purchase transactions: wire transfers, person to person money transfers, bets, lottery tickets, casino gaming chips, money orders, foreign currency, and travelers checks from a non-financial institution. "

I don't see gift cards listed in the definition of "cash equivalents" so how could you possibly know that???

The rule of contracts is that the person who drafts the contract has the burden of making sure that it includes everything they want included in it. If it doesn't then its their problem, not yours.

I think you have very solid ground for not paying that charge. Good luck!