Wells Fargo / inactivity fee

Beaufort, SC, United States Review updated:

I was charged a $150 Inactivity Fee on my business credit card statement even though I make monthly charges and keep my card active. I called and the banker said she could waive the fee, but I would have to charge $5, 000.00 or pay $500.00 interest. The banker I spoke with had some helpful suggestions and was polite, but I think this is not the way to treat your paying customers. I never miss a payment and have been paying my balance down. I think Wells Fargo's fees like this are unscrupulous and there needs to be federal regulation on bank fees.

Apr 18, 2014
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  • Zl
      19th of Aug, 2018

    I too concurred the ridiculous inactivity fee $150 and was able to get it waived, however the $5000 charge or $500 interest seems beyond reasonable. The word "inactivity" seems misleading because I actually used the line, it should rename to "rip-off" fee.

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