https://www.reddit.com/r/personalfinance/comments/9dcwnn/your_amazon_store_card_is_probably_scamming_you/
I noticed a weird charge in my statement that pays my amazon store
credit card off. It’s listed as security 5. I didn’t know what it was
but the amount kept going up as my card balance went up.
Called the number and the guy answered then danced around what the
name of the company was and what they were charging me for. Eventually
he slipped the word synchrony and that dinged in my head the bank that
issues the amazon card. So i googled (all this while still trying to get
this guy to tell me what this charge was for) and found that it’s an
automatic form of insurance that you are put on when you open the card.
It’s 1.66% of your balance monthly and you have to opt out by responding
to a single piece of paper mail that gets sent sometime when you open
the card.
Now im getting frustrated that this guy isn’t saying what the hell
his company does when he just changes gear and says the full balance
will be returned and the service stopped.
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