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Frequent Contributor
bobebob
Posts: 257
Registered: ‎08-14-2011
0

Re: Bye-bye, First Premier

It's too bad that they won't let you convert the account to one with no AF so you could keep the account for AAoA purposes.  But I agree that there's no way I'd pay an AF just to keep a card in my safe.

bobebob || Nov: My FICO SW EQ(Upgraded Version) = 822 ||Sept: Walmart TU Fico=838Goal = FICO's>800 || In my wallet: CostcoAmEx(20k), DCU Visa Platinum (10k), BoA Visa Signature (17.1k), Walmart Discover (7.5k), AmEx Corporate (5k). All PIF every month.
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Epic Contributor
haulingthescoreup
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Bye-bye, First Premier

These cards have their purposes. They're like crutches when you've banged up your leg.

 

When you need crutches, they're there. Once you no longer need the crutches, pass 'em on to someone else.

 

Congrats on moving along!

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Moderator Emeritus
tinuviel
Posts: 4,875
Registered: ‎11-02-2010
0

Re: Bye-bye, First Premier


haulingthescoreup wrote:

These cards have their purposes. They're like crutches when you've banged up your leg.

 

When you need crutches, they're there. Once you no longer need the crutches, pass 'em on to someone else.

 

Congrats on moving along!


 

I agree with this comparison. The card served its purpose. But it feels sooooo good to be out of the "intensive care" phase of credit recovery. As witnessed by my scores, I still have a way to go (old baddies need to finish dropping off), but the improvement is palpable nontheless.

 

I think that it may be difficult for those who have not crashed and burned with their credit to realize how much of an emotional component there can be to a rebuild. Getting rid of FP was a huge emotional milestone for me. When I first got the card, my credit was in such bad shape that I was willing to take anything that was offered. Now, I'm moving towards the point where I'm deciding what cards I want to add to my portfolio and basing my credit plans on what it will take to make that happen. Indeed, this year I've been able to add a couple of cards that I really wanted and intend to keep long term, and it felt wonderful. It really is a very different mindset; I'm feeling upbeat and optimistic rather than simply resigned.

 

Getting rid of FP marked the end of a difficult chapter and I think that's why I got so heated when the CSR kept trying to talk me out of closing it. I still wish that I had done a better job of keeping my composure, but what can I say -- I'm human.


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Valued Contributor
scottwagnon
Posts: 1,350
Registered: ‎02-07-2010
0

Re: Bye-bye, First Premier

[ Edited ]

tinuviel wrote:

haulingthescoreup wrote:

These cards have their purposes. They're like crutches when you've banged up your leg.

 

When you need crutches, they're there. Once you no longer need the crutches, pass 'em on to someone else.

 

Congrats on moving along!


 

I agree with this comparison. The card served its purpose. But it feels sooooo good to be out of the "intensive care" phase of credit recovery. As witnessed by my scores, I still have a way to go (old baddies need to finish dropping off), but the improvement is palpable nontheless.

 

I think that it may be difficult for those who have not crashed and burned with their credit to realize how much of an emotional component there can be to a rebuild. Getting rid of FP was a huge emotional milestone for me. When I first got the card, my credit was in such bad shape that I was willing to take anything that was offered. Now, I'm moving towards the point where I'm deciding what cards I want to add to my portfolio and basing my credit plans on what it will take to make that happen. Indeed, this year I've been able to add a couple of cards that I really wanted and intend to keep long term, and it felt wonderful. It really is a very different mindset; I'm feeling upbeat and optimistic rather than simply resigned.

 

Getting rid of FP marked the end of a difficult chapter and I think that's why I got so heated when the CSR kept trying to talk me out of closing it. I still wish that I had done a better job of keeping my composure, but what can I say -- I'm human.



Congratulations, Tinuvel on closing the FP account. Im sorry that you had to go through that god awful CSR retention upheaval mumbo jumbo. I must disagree with hauling about FP cards.

 

while i am glad they helped you raise your score, which is great, i think the best tools (crutches) for improving are secured cards, that offer the best fees and rates. Personally, i don't think i would care to retain my composure with FP. i have a very negative opinion of them and credit one. i might be polite, but i would be really close to not being polite. because NO ONE, regardless of credit history, should ever feel they have to deal with FP or Credit One. Secured Cards are a kind, polite, respectful way to pull yourself out of the hole.

 

but if one is convinced that FP and Credit One is the way to go, well, I wish them well. its what they want to do and it is their choice. i believe in free will, and i hope the best for all that decide that this is the right decision for them.

 

Tinuvel, perhaps in a couple of years from now, you will be among the forum gods, with 800 ficos accross the board. perhaps then your credit profile will be so stellar, you will laugh at the idea of having a card that isn't elite purchase apr, and a CL less than 10k. :smileyhappy:

EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
Moderator Emeritus
tinuviel
Posts: 4,875
Registered: ‎11-02-2010
0

Re: Bye-bye, First Premier


scottwagnon wrote:

tinuviel wrote:

haulingthescoreup wrote:

These cards have their purposes. They're like crutches when you've banged up your leg.

 

When you need crutches, they're there. Once you no longer need the crutches, pass 'em on to someone else.

 

Congrats on moving along!


 

I agree with this comparison. The card served its purpose. But it feels sooooo good to be out of the "intensive care" phase of credit recovery. As witnessed by my scores, I still have a way to go (old baddies need to finish dropping off), but the improvement is palpable nontheless.

 

I think that it may be difficult for those who have not crashed and burned with their credit to realize how much of an emotional component there can be to a rebuild. Getting rid of FP was a huge emotional milestone for me. When I first got the card, my credit was in such bad shape that I was willing to take anything that was offered. Now, I'm moving towards the point where I'm deciding what cards I want to add to my portfolio and basing my credit plans on what it will take to make that happen. Indeed, this year I've been able to add a couple of cards that I really wanted and intend to keep long term, and it felt wonderful. It really is a very different mindset; I'm feeling upbeat and optimistic rather than simply resigned.

 

Getting rid of FP marked the end of a difficult chapter and I think that's why I got so heated when the CSR kept trying to talk me out of closing it. I still wish that I had done a better job of keeping my composure, but what can I say -- I'm human.



Congratulations, Tinuvel on closing the FP account. Im sorry that you had to go through that god awful CSR retention upheaval mumbo jumbo. I must disagree with hauling about FP cards.

 

while i am glad they helped you raise your score, which is great, i think the best tools (crutches) for improving are secured cards, that offer the best fees and rates. Personally, i don't think i would care to retain my composure with FP. i have a very negative opinion of them and credit one. i might be polite, but i would be really close to not being polite. because NO ONE, regardless of credit history, should ever feel they have to deal with FP or Credit One. Secured Cards are a kind, polite, respectful way to pull yourself out of the hole.

 

but if one is convinced that FP and Credit One is the way to go, well, I wish them well. its what they want to do and it is their choice. i believe in free will, and i hope the best for all that decide that this is the right decision for them.

 

Tinuvel, perhaps in a couple of years from now, you will be among the forum gods, with 800 ficos accross the board. perhaps then your credit profile will be so stellar, you will laugh at the idea of having a card that isn't elite purchase apr, and a CL less than 10k. :smileyhappy:



Maybe so. After all, if you're going to aim, you might as well aim high, right? :smileywink:


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Bye-bye, First Premier

Well my date to give FP the boot is February 2012. I'm not paying a monthly fee to carry a $300 credit card. The AF doesn't bother me as my other cards have AF's, but I already know it's going to get heated when I talk to them. And I can care less about the CSR's feelings either. They want to push an inferior product on me that THEY THEMSELVES wouldn't keep, they deserve an earful.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Contributor
missji
Posts: 93
Registered: ‎08-21-2011
0

Re: Bye-bye, First Premier

Hmmm, these posts are inspiring me to close my FP. It lives in a cave anyway and is never used. I got it last year in August but since have moved up to a Discover More card and Barclay Visa. Also got a BofA secured card. Bye-bye FP!

NEW GARDEN CLUB MEMBER as of 3/23/2013. No activity until 8/2015 unless it's an auto CLI.
Starting Score:
626
Current Score (as of 3/19/2013): 663
Goal Score: 750.
Take the myFICO Fitness Challenge
Senior Contributor
Booner72
Posts: 3,889
Registered: ‎05-24-2011
0

Re: Bye-bye, First Premier


missji wrote:
Hmmm, these posts are inspiring me to close my FP. It lives in a cave anyway and is never used. I got it last year in August but since have moved up to a Discover More card and Barclay Visa. Also got a BofA secured card. Bye-bye FP!

YAY!  Good. Get rid of it.  Hopefully FP gets wind that people are banding together to get rid of their crap card and maybe they will stop charging MONTHLY FEES, PAY ONLINE FEES, PAY BY PHONE FEES, and YEARLY FEE.  They might also stop adding the monthly fee the day the statement cuts so people can actually report a zero balance w/o having to mail in a check in advance.

 

I know that FP knows about this web forum - at least the "manager" i talked to when I called to close.

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Contributor
missji
Posts: 93
Registered: ‎08-21-2011
0

Re: Bye-bye, First Premier

Cancelled the card today.  They tried to pull their little retention tricks out of the bag but to no avail.  I'm no longer an FP cardholder!


NEW GARDEN CLUB MEMBER as of 3/23/2013. No activity until 8/2015 unless it's an auto CLI.
Starting Score:
626
Current Score (as of 3/19/2013): 663
Goal Score: 750.
Take the myFICO Fitness Challenge
Moderator Emeritus
tinuviel
Posts: 4,875
Registered: ‎11-02-2010
0

Re: Bye-bye, First Premier


missji wrote:

Cancelled the card today.  They tried to pull their little retention tricks out of the bag but to no avail.  I'm no longer an FP cardholder!


 

Huzzah!!!!! :smileyvery-happy:


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k

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