topic Re: Is It Time To Drop FPB? in Credit Cards

Is It Time To Drop FPB?

KayMD — Mon, 16 Apr 2012 04:59:53 GMT

Hey Guys!

Well I've had FPB (first premier bank) credit card for about 2 years and 6 months. I just made a payment of $13.68, that would bring balance down to $0 in the years I've have had this card I've only used it 4 times. Because when I got it was loaded with fees and my limt was just $200 and it's still at that. The thing about this card is that it has open doors for me. Should I get rid of it? Cause even if I don't use it I still have to pay $7 a month. Take a long at my profile?

American Express Zync Card: $489 Balance Due this month. Don't want to pay it but I have to. :)

Capital One: $390/$500

Wells Fargo: $177$700

FPB $0/$200

I need your advice. What should I do? At just 21 years of age I want to have a credit profile that will lead me to an excelellent lifestyle.

Re: Is It Time To Drop FPB?

laracing — Mon, 16 Apr 2012 05:15:33 GMT

As others have told me, dump FP

Re: Is It Time To Drop FPB?

KayMD — Mon, 16 Apr 2012 05:17:05 GMT

Have you dump them as yet?

Re: Is It Time To Drop FPB?

frogfan12 — Mon, 16 Apr 2012 05:25:29 GMT

laracing wrote:
As others have told me, dump FP

+1 Do itttt.

Re: Is It Time To Drop FPB?

score_building — Mon, 16 Apr 2012 15:30:01 GMT

KayMD wrote:
Hey Guys!

Well I've had FPB (first premier bank) credit card for about 2 years and 6 months. I just made a payment of $13.68, that would bring balance down to $0 in the years I've have had this card I've only used it 4 times. Because when I got it was loaded with fees and my limt was just $200 and it's still at that. The thing about this card is that it has open doors for me. Should I get rid of it? Cause even if I don't use it I still have to pay $7 a month. Take a long at my profile?

American Express Zync Card: $489 Balance Due this month. Don't want to pay it but I have to. :)

Capital One: $390/$500
Wells Fargo: $177$700
FPB $0/$200

I need your advice. What should I do? At just 21 years of age I want to have a credit profile that will lead me to an excelellent lifestyle.

Dump 'em...do not need them based on current profile...good thing Amex didn't deny simply for having FPB listed on cbr as they have been known to do sometimes.

The statement that don't want to pay the charge card is a bit alarming if it is an indication of spending more than can comfortably (eagerly even) repay in a quest for a bullet proof credit profile. Also carrying over 50% on cap1? Both Cap1 and WF, which are both presumably highish APR products, ideally would be PIF sooner than later to avoid paying interest.

Re: Is It Time To Drop FPB?

minimock — Mon, 16 Apr 2012 05:49:53 GMT

It is ALWAYS time to dump FPB LOL.

Serious though, I used them 7 years ago, or should I say it was mutual abuse lol.

And it did pave the way for a Cap 1 card, which I still have..... I keep it for the age and the monkey button daily fun, still stuck on 1K CL

It looks like your on your way, I would close it.

Re: Is It Time To Drop FPB?

KayMD — Mon, 16 Apr 2012 06:28:37 GMT

Understood. I have the money to pay my Amex card sometimes I think I should be saving more than spending. As a college student these are just my saying never been late on my AMEX but I do love it.

Re: Is It Time To Drop FPB?

treefrogger — Mon, 16 Apr 2012 06:34:25 GMT

Run from First Premier. Put those fees you would have paid toward payments on the other cards.

Re: Is It Time To Drop FPB?

LS2982 — Mon, 16 Apr 2012 09:54:26 GMT

Axe them ASAP!!!!

Re: Is It Time To Drop FPB?

Creditaddict — Mon, 16 Apr 2012 15:20:49 GMT

minimock wrote:
It is ALWAYS time to dump FPB LOL.

Serious though, I used them 7 years ago, or should I say it was mutual abuse lol.

And it did pave the way for a Cap 1 card, which I still have..... I keep it for the age and the monkey button daily fun, still stuck on 1K CL

It looks like your on your way, I would close it.

That's funny, before I even opened the link I read "si it time to drop FPB" and I said in my head IT'S ALWAYS A GOOD TIME TO DUMP FPB!

ESPECIALLY if you have Amex Zync! Prepare yourself for the process to close, maybe couple transfers, an offer of a 2nd card with higher limit, waiving of fees... Unless they can all of a sudden offer you a Free card with a $2k plus limit! LOL they need to be closed!!!! Don't hold yourself back anymore :) and congrats on your credit building/repair.

Re: Is It Time To Drop FPB?

FrugalRican — Mon, 16 Apr 2012 15:26:15 GMT

KayMD wrote:
The thing about this card is that it has open doors for me. Should I get rid of it? Cause even if I don't use it I still have to pay $7 a month.

Feel absolutely no loyalty to a company that is willing to charge you $7 a month even if you don't use it, even if they gave you your first chance.

Axe it.

Re: Is It Time To Drop FPB?

jamesdwi — Mon, 16 Apr 2012 15:30:03 GMT

stop, do not pass go, call them imediately close the account, its a negative to have them on your CR for some prime lenders. then the card feeds the shredder. They may of even been holding you back, you may want to think about getting a GE backed store card, walmart (free Fico score, etc) or amazon for there frequent CLI's you seem to be stuck at with low limit cards, and low limit cards breed low limit cards, 4-8 months with a GE store card and you should have a card higher than any you have now and no AF.

Re: Is It Time To Drop FPB?

webhopper — Mon, 16 Apr 2012 18:55:48 GMT

Close it, don't waste time! :) GJ on building good credit!

Re: Is It Time To Drop FPB?

ShallRecoverIt — Mon, 16 Apr 2012 20:50:16 GMT

Yes, close it ASAP. I just closed mine last week with its meager $250 limit and $0 balance that I'd had for a while. The lady tried to get me to keep it when I called and even offered me a $45 credit to my account. With the $59 AF coming up in June and $7/month fee...that wasn't going to cut it. Glad to let them go.

Re: Is It Time To Drop FPB?

LS2982 — Mon, 16 Apr 2012 22:48:32 GMT

Did you axe it yet OP???

Please dont let them get you for more fees!!! I hated giving it to them for a year myself!!

Re: Is It Time To Drop FPB?

KayMD — Mon, 16 Apr 2012 22:53:07 GMT

Closed it today. !!!! Yayyyyyyyy!!!!

Also I got an offer from Credit One Bank for $400 credit line should I take it?

Re: Is It Time To Drop FPB?

LS2982 — Mon, 16 Apr 2012 22:59:21 GMT

KayMD wrote:
Closed it today. !!!! Yayyyyyyyy!!!!

Also I got an offer from Credit One Bank for $400 credit line should I take it?

CONGRATS!!!!!!!!

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO at CreditOne!!!!!!!!!!!!!

Re: Is It Time To Drop FPB?

KayMD — Mon, 16 Apr 2012 23:03:00 GMT

Okay. Can anyone make a recomendation for what card should I apply for to replace FPB?

Re: Is It Time To Drop FPB?

archieb — Mon, 16 Apr 2012 23:03:44 GMT

Lol. Hell no. You don't need to feed subprime anymore. If WF is secured, I'd deposit as much as I could on that; hoping that Amex will match it on a revolver in the future. Grats!!

Re: Is It Time To Drop FPB?

LS2982 — Mon, 16 Apr 2012 23:05:06 GMT

archieb wrote:
Lol. Hell no. You don't need to feed subprime anymore. If WF is secured, I'd deposit as much as I could on that; hoping that Amex will match it on a revolver in the future. Grats!!

I agree with this, stay away from subprime!!