Reply
Regular Contributor
Posts: 140
Registered: ‎08-10-2007
0

Re: Be careful with this credit card from Applied Card Bank!

Under a different name, Cross Country, this card is one of the original "bad credit - no credit" unsecured cards.  I can remember the TV commercials so well - all you need is to be 18 and a job.  I don't know if they just changed their name or were bought out by Applied.  In their day, along with Cap 1, they provided me with credit when no one else would.
 
I have two.  It's a fairly decent card for me now, but unlike Capital 1, they don't seem to have any prime tendencies.  Even though I PIF if I charge against one of their cards, they will charge me the monthly membership fee (for me $6) and the interest rate is too high. 
 
Whether this card makes sense for you is where you stand in the credit rating game. If your scores are above 600 you can probably find something with better terms.  If not, they may be one of the best deals around - First Premier is one of the worst in my book!
 
good luck -
Jan 07: tu 498, ex 501, eq 504
Oct 07: tu 716, ex 712, eq 723
Nov 07: tu 693, ex 664, eq 672_post app frenzy
Regular Contributor
Posts: 140
Registered: ‎08-10-2007
0

Re: Be careful with this credit card from Applied Card Bank!

I meant to mention above that although they won't lower their interest rates are completely drop the monthly-ann fee, they do not charge me the fee if I do not use the card. 
 
I plan to hang onto them a while - basically let them stew at zero for ten out of every 12 months.  Once I'm in FICO heaven, they will be the first to go. 
 
Jan 07: tu 498, ex 501, eq 504
Oct 07: tu 716, ex 712, eq 723
Nov 07: tu 693, ex 664, eq 672_post app frenzy
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.