Blackhawk Network Holdings Inc. Prepaid Card Complaint

General purpose card Fees

Blackhawk Network Holdings Inc. Prepaid card department,

General purpose card Virginia

I recently received a refillable prepaid - card in the amount of $25.00 as a gift from work. After 10 days I was billed $5.00 as " monthly management fee ''. My complaint is, how can a credit card company charge such high fees just for providing the card? On a $25.00 card that 's like 100 % interest per year ( maybe more )! This is on top of the fee that they charge the company where you use the card ( usually 2 percent I think ), and the fee charged when you purchase the card ( usually around - dollars ). How can the government allow such usury rates to be charged by creditors?

Blackhawk Network Holdings Inc. customer in Virginia
Oct 01, 2016

* Source: CFPB Complaint Database

Blackhawk Network Holdings Inc. response to complaint:
Closed with explanation

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