topic Re: The Worst Credit Cards of 2012 in Credit Cards

The Worst Credit Cards of 2012

WhiteCollar — Sat, 17 Nov 2012 02:10:52 GMT

I came across this list today. Not surprised to see First Premier at the top!

http://www.cardhub.com/worst-credit-cards/

Re: The Worst Credit Cards of 2012

Wolf3 — Sat, 17 Nov 2012 04:04:35 GMT

WhiteCollar wrote:
I came across this list today. Not surprised to see First Premier at the top!

http://www.cardhub.com/worst-credit-cards/

And yet MyFico gives 4 stars to First Premier with these terms.

Re: The Worst Credit Cards of 2012

jwduke — Sat, 17 Nov 2012 18:08:40 GMT

Wolf3 wrote:
WhiteCollar wrote:
I came across this list today. Not surprised to see First Premier at the top!

http://www.cardhub.com/worst-credit-cards/

And yet MyFico gives 4 stars to First Premier with these terms.

Does First Premier advertise here????

Re: The Worst Credit Cards of 2012

Duncanrr — Sat, 17 Nov 2012 19:24:27 GMT

giving 4 stars to First Premier makes me call into question the entire card review on this site. It raises serious credibility issues. (or the editor who reviewed it needs to be fired).

Re: The Worst Credit Cards of 2012

HiLine — Sat, 17 Nov 2012 19:39:31 GMT

What kind of person in his right mind would ever apply for a First Premier? This card should not even exist.

Re: The Worst Credit Cards of 2012

Revelate — Sat, 17 Nov 2012 19:42:30 GMT

HiLine wrote:
What kind of person in his right mind would ever apply for a First Premier? This card should not even exist.

There are multiple tiers of credit; there are individuals in this world (most of the people who actually find this forum aren't among them I'll admit) where all they can get when it comes to unsecured lending is FP.

There are legions of people living through PDL shops (Pay Day Lender) who would be able to put themselves waaaaay ahead with a FP card on the assumption they use it responsibly. The same goes for companies like Cashcall and SpringLeaf, their products are undeniably "ugly" to many of us, but sometimes that's all you can obtain and you have to start somewhere when it comes to building positive credit history.

Re: The Worst Credit Cards of 2012

Wolf3 — Sat, 17 Nov 2012 20:18:55 GMT

jwduke wrote:
Wolf3 wrote:
WhiteCollar wrote:
I came across this list today. Not surprised to see First Premier at the top!

http://www.cardhub.com/worst-credit-cards/

And yet MyFico gives 4 stars to First Premier with these terms.

Does First Premier advertise here????

http://www.myfico.com/SavingsCenter/creditcards.aspx?qsid=nav

Re: The Worst Credit Cards of 2012

Thunderstruck — Sat, 17 Nov 2012 20:57:30 GMT

It's really bad to the bone, IMHO.

Re: The Worst Credit Cards of 2012

Cadillac-XTS — Sat, 17 Nov 2012 21:14:20 GMT

+1000

Re: The Worst Credit Cards of 2012

GoldenloveNY — Sat, 17 Nov 2012 21:42:02 GMT

FP sent me a preapproval in the mail like two weeks ago. I laughed out so hard (I have a Amex and Discover in my wallet).....LOL. I looked at the fees involved in getting one of their cards, and it was so unbelieveable....these people must be crazy......