Oliver Rewards Program now has a month service fee

[routlaw]

Just checked this morning to view the amount on my Oliver debit card, and found the new institution has a month service charge just for the money setting in this account which is apparently $3.50 per month. What racket. Oh well.

Thought everyone else might want to know if they are invested in this situation.

[Galway Girl]

Guess it’s time  to spend or lose it.

[John Dorrer]

Oliver is doing away with the debit card and will now send a check. Had the fee taken out on our first showing, but not on any of the other showings. I spent all but $10 on our Texas trip. I would use it up asap.

[routlaw]

I hear you, time to spend it for sure. Had no idea this was developing 

[KMF]

There is a pattern here.

[Boudicca908]

Thanks to Oliver for the reward -- mine was well spent. I think I have $11 left on it, and I'll use it this week. 

[ScubaRx]

5 hours ago, KMF said:

There is a pattern here.

What pattern do you detect?

 

[KMF]

The same one everyone else sees.  No more home office service. New fees, when there weren’t any when you open the account.

[John Dorrer]

4 hours ago, KMF said:

The same one everyone else sees.  No more home office service. New fees, when there weren’t any when you open the account.

That is the card company. It doesn't have anything to do with Oliver. Seems like Oliver is looking out for us, by doing away with the debit cards and sending $50, so you can have 100% of the payment.

[Ronbrink]

It was my understanding that if the debit card balance wasn’t used within a certain time period, then a service charge would be assessed. I spent mine in short order to avoid that charge.

[John Dorrer]

I had a $3.50 charge 9/23 and nothing since. I have a small balance to be used soon.😊

[dewdev]

@John Dorrer Thanks for point that out.

I checked and have had the same $3.50 charge each month starting in February.

I am going to use up my balance ASAP before another charge on May 1.

My understanding is the charge is not by OTT but the credit card company.

Edited April 15, 2024 by dewdev

[John Dorrer]

38 minutes ago, dewdev said:

@John Dorrer Thanks for point that out.

I checked and have had the same $3.50 charge each month starting in February.

I am going to use up my balance ASAP before another charge on May 1.

My understanding is the charge is not by OTT but the credit card company.

In the 1-1/2 years+ that I have had this rewards card, I have only had one $3.50 charge. I don't believe it was a monthly charge.

[routlaw]

FYI, logged into my account yesterday and it did state there would be a $3.50 monthly charge. Tried to spend mine yesterday but it was declined due to an incorrect PIN #. What a racket by the banks.

[routlaw]

Just a quick update on this situation for those of you who have unused rewards. Sure enough this outfit charges $3.50 per month for funds setting in the account. Been bush lately and have not had the time to think about using but at this rate there will not be much left, LOL. What a racket.

[Steve Morris]

Interesting. Funds were loaded onto my card December 23, 2023. I've made three transactions since then, the latest just before leaving for the rally (had to stock up on wine for the trip!) I have not had a single service fee on my account.

[routlaw]

@Steve Morris Well that is strange indeed, wonder what the deal is. Good for you though, congrats.