4.25% APR First National Bank of Omaha American Express Card

[Anonymous]

Hello Fico Forum! This is my first post ever, and I need some help:

I received an offer in the mail today from First National Bank of Omaha for one of their no reward American Express cards. Before I was about to throw this out in the trash, I realized that the card was offering A LIFETIME 4.25% APR!!! I have read this offer letter at least 15 times and do not see that this is a promotional offer. I have looked online everywhere for any mention of this offer, and nothing. Nothing on the forums. Nothing at all to be found anywhere. I just called the number in the letter and even the customer service representative cannot believe this offer, but does confirm that it is a lifetime APR and not a promotional offer. Has anyone else gotten such an offer? Is this bank any good? Is it worth the app? Good for large purchases for sure, but there has to be a catch... right?!?! Help! 

[Anonymous]

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@Anonymous wrote:

Hello Fico Forum! This is my first post ever, and I need some help:

I received an offer in the mail today from First National Bank of Omaha for one of their no reward American Express cards. Before I was about to throw this out in the trash, I realized that the card was offering A LIFETIME 4.25% APR!!! I have read this offer letter at least 15 times and do not see that this is a promotional offer. I have looked online everywhere for any mention of this offer, and nothing. Nothing on the forums. Nothing at all to be found anywhere. I just called the number in the letter and even the customer service representative cannot believe this offer, but does confirm that it is a lifetime APR and not a promotional offer. Has anyone else gotten such an offer? Is this bank any good? Is it worth the app? Good for large purchases for sure, but there has to be a catch... right?!?! Help! 

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I would call FNBO to make sure this is a legitimate offer.

[Anonymous]

I did! Even the customer service representative was shocked. They advised as an employee they are offered an 'in-house' card and rate, but even that rate is not even close....

[pizza1]

me personally...Id jump on that! Who care if it wasn't a rewards card at all! With that APR for life...you wouldnt need it!

[ddemari]

That is a legit offer, I have seen people get that before. I would totally jump on that offer if i was up to par with first national bank of omaha criteria. 

[OmarGB9]

Sounds almost too good to be true lol. But if you called in and they verified it then you're good to go! I'd jump all over that.

[noobody]

annual fee?

[noobody]

there were limited time offer in June, 4% Apr with $89? AF, and 7% no AF, taget for CS 750, as they are likely to carry balance with low risk of default. a few people with 800 CS was declined with bogus reason such as too many inquiry, the real reason I guess is they are unlikely carry balance and pay interest.

[Simply827]

I've gotten that offer before, so it's legit. There was a thread or two floating around here about that card. The consensus was, the annual fee makes it not worth it. It also has a high 5% BT fee. 

ETA: Also, there's a good chance one of your current cards will offer you future 0% promos. So again, it's not really worth it to pay an AF for a card when you can still likely get a better deal elsewhere.

[Anonymous]

They were offering 6.25% apr with cash back and they have a prime rate card (3.25%) with annual fee, so 4.25 with no rewards seems plausible. Is it fixed or variable? Any annual fee?