Credit Cards Center Credit cards from our partners
Reply
Established Contributor
Posts: 910
Registered: ‎12-25-2010
0

Cerulean Discover fr. Continental Finance

You might as well get Credit One...

 
 
Cerulean Discover® credit card
 
  •  
    Limited Credit
  • Annual Fee: $75
  • APR: 29.99%
  • Intro APR: There is no introductory rate available.
 
  • Use your Cerulean credit card at locations everywhere Discover® is accepted.
  • Make Low Monthly Payments on all your card purchases!
  • Poor Credit? No Credit? No Problem!
 
Rates and Fees
APR for Purchases: 29.99%
APR for Cash Advances: 29.99%
Annual Fee: $75
Additional Cardholders: $30 fee for addtl. users
Annual Fee Details: Annual Fee: $75 (billed annually).
Grace Period: 25 days
Late Payment Fee: Up to $35
Cash Advance Fee: Either $5.00 or 5% of the amount of each cash advance, whichever is greater. Transaction fees are not billed for the first 12 months.
Important Notes: *Monthly Maintenance Fee: $144 annually (billed at 12 per month). Monthly Maintenance Fee is not billed for the first 12 months your Account is opened.

Click Here to Apply


Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Cerulean Discover fr. Continental Finance


This is a really bad option Smiley Happy    Hopefully forum members will consider a secured card before they go for this one.


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
0

Re: Cerulean Discover fr. Continental Finance

+1

Valued Contributor
Posts: 2,512
Registered: ‎11-11-2010
0

Re: Cerulean Discover fr. Continental Finance

[ Edited ]

webhopper wrote:

This is a really bad option Smiley Happy    Hopefully forum members will consider a secured card before they go for this one.


You know some people will jump on these cards no matter what.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Cerulean Discover fr. Continental Finance

am I the only person who thinks this could be good for some people? Remember most secured credit cards at credit unions require a credit score of 580 to get in, let alone get a secured credit card. I had 400's last year and got turned down for a Bank of America secured card and I banked with the for 13 years and had 50k+in my bank accounts!

 

Since monthly fees are waived for the first year it's not bad since it looks like they approve anyone, and this is still MUCH better than First Premier imo, atleast since this is new Amex probably won't look at you like a red headed step child.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Valued Contributor
Posts: 1,339
Registered: ‎09-11-2012
0

Re: Cerulean Discover fr. Continental Finance


distantarray wrote:

am I the only person who thinks this could be good for some people? Remember most secured credit cards at credit unions require a credit score of 580 to get in, let alone get a secured credit card. I had 400's last year and got turned down for a Bank of America secured card and I banked with the for 13 years and had 50k+in my bank accounts!

 

Since monthly fees are waived for the first year it's not bad since it looks like they approve anyone, and this is still MUCH better than First Premier imo, atleast since this is new Amex probably won't look at you like a red headed step child.


I agreed with distantarray. However if you do get this credit card, it's very similar to FP. AF on top of monthly fee. Not recommended.

 

I have been there.. I have FP for 4 years before I found this board and AXE'd it. It does built my credit since I started with nothing.

 

I still have CreditOne (zero balance... why do I keep it? who knows..), but they only charge AF, no monthly fee... even know AF is billed monthly.  Even if you have zero balance, you will have to pay the $8 monthly annual fee. I wonder what happen if you didn't pay it?

 

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Cerulean Discover fr. Continental Finance


armbenderc wrote:

distantarray wrote:

am I the only person who thinks this could be good for some people? Remember most secured credit cards at credit unions require a credit score of 580 to get in, let alone get a secured credit card. I had 400's last year and got turned down for a Bank of America secured card and I banked with the for 13 years and had 50k+in my bank accounts!

 

Since monthly fees are waived for the first year it's not bad since it looks like they approve anyone, and this is still MUCH better than First Premier imo, atleast since this is new Amex probably won't look at you like a red headed step child.


I agreed with distantarray. However if you do get this credit card, it's very similar to FP. AF on top of monthly fee. Not recommended.

 

I have been there.. I have FP for 4 years before I found this board and AXE'd it. It does built my credit since I started with nothing.

 

I still have CreditOne (zero balance... why do I keep it? who knows..), but they only charge AF, no monthly fee... even know AF is billed monthly.  Even if you have zero balance, you will have to pay the $8 monthly annual fee. I wonder what happen if you didn't pay it?

 

 


considering the monthly fees are waived for 1 year just use it for a year and cancel it right after  should be ok since you should be able to get a secured card a before the yearis over =)


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Valued Contributor
Posts: 1,243
Registered: ‎07-18-2009
0

Re: Cerulean Discover fr. Continental Finance


distantarray wrote:

armbenderc wrote:

distantarray wrote:

am I the only person who thinks this could be good for some people? Remember most secured credit cards at credit unions require a credit score of 580 to get in, let alone get a secured credit card. I had 400's last year and got turned down for a Bank of America secured card and I banked with the for 13 years and had 50k+in my bank accounts!

 

Since monthly fees are waived for the first year it's not bad since it looks like they approve anyone, and this is still MUCH better than First Premier imo, atleast since this is new Amex probably won't look at you like a red headed step child.


I agreed with distantarray. However if you do get this credit card, it's very similar to FP. AF on top of monthly fee. Not recommended.

 

I have been there.. I have FP for 4 years before I found this board and AXE'd it. It does built my credit since I started with nothing.

 

I still have CreditOne (zero balance... why do I keep it? who knows..), but they only charge AF, no monthly fee... even know AF is billed monthly.  Even if you have zero balance, you will have to pay the $8 monthly annual fee. I wonder what happen if you didn't pay it?

 

 


considering the monthly fees are waived for 1 year just use it for a year and cancel it right after  should be ok since you should be able to get a secured card a before the yearis over =)


That advice is good if the card can be paid and savings accrued to start a secured card before the bigger fees cut in keeping in mind that the typical customer of these cards is likely stressed pretty badly so it takes discipline.


The $75 initial fee is the max allowed by the CARD act for the initial year. That's why there are no monthly fees initially. After that they charge close to half the CL each year because the CARD act doesn't cover that.

 

This kind of card is attractive because people in critical need of credit don't have the deposit required even for a small secured card.

 

It's marketed to the lowest tier of credit scores that can be approved for any kind of credit with an expectation that a pretty high percentage will default.


I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy18k, Amex Plat (60k H/B), Citi AA EWMC 25k
Super Contributor
Posts: 6,169
Registered: ‎12-11-2011
0

Re: Cerulean Discover fr. Continental Finance

I think there is 50 threads on this and the matrix card Smiley Tongue 

 

Seems like a terrible option to a lot of us, but if you're down in FP/Credit One level, it isn't a terrible option... ;P 

Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Cerulean Discover fr. Continental Finance


jsucool76 wrote:

I think there is 50 threads on this and the matrix card Smiley Tongue 

 

Seems like a terrible option to a lot of us, but if you're down in FP/Credit One level, it isn't a terrible option... ;P 


lol it's the best looking out of all the cards too, i would almost mistake this for a prime card based on design =x but yea in a pinch it definately is not a bad card.

 

Also yes it's only good if people can manage their credit and build a savings, but honestly if you can't build a savings and can NOT pay a $75 annual fee, or $8 a monthly fees the LAST thing a person should do is try to get credit cards imo. I think the better route would be  asking friends or family to set them up as an AU or ACM til their scores were good enough to get a secured card which isn't hard to do, but then if you can't pay the small fees ( i know they add up) but if you can't even manage that how can you save money for a secured card let alone pay off a regular credit card?

 

Credit is only meant for responsible people who are financially stable. If you are not in that position you need to restructure your lifestyle before trying to get more credit , sounds harsh but it's true


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

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.