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New Contributor
Rollercoaster_84
Posts: 74
Registered: ‎03-22-2010

Closed First Premier

I finally got rid of First Premier. I was stuck at a $250 limit, and the fees were just ridiculous. They offered to pay the fees for six months or whatever, but I decided to go ahead and get out while the gettin' was good. It feels good to ditch that card.

Moderator Emeritus
beamMEup
Posts: 4,473
Registered: ‎12-31-2008

Re: Closed First Premier

I bet it feels great!

 

Do you have any other open revolving accounts?

Just puttin' syrup on something, don't make it pancakes.
New Contributor
Rollercoaster_84
Posts: 74
Registered: ‎03-22-2010

Re: Closed First Premier

Yes, I have a Home Depot CC with a $2,000 limit, a new credit union CC with a $3,000 limit, and a HSBC CC with a $720 limit. I know it's not great, but we're still working on rebuilding (or really, just waiting for old baddies to fall off). All of our history for the past 2-3 years is positive.

Valued Contributor
vish1
Posts: 1,129
Registered: ‎01-20-2011

Re: Closed First Premier

Nuked FP, yay, way2go

Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Moderator Emeritus
beamMEup
Posts: 4,473
Registered: ‎12-31-2008

Re: Closed First Premier


Rollercoaster_84 wrote:

Yes, I have a Home Depot CC with a $2,000 limit, a new credit union CC with a $3,000 limit, and a HSBC CC with a $720 limit. I know it's not great, but we're still working on rebuilding (or really, just waiting for old baddies to fall off). All of our history for the past 2-3 years is positive.


It IS great!  Congratulations! 

 

Very wise to shut down FP.

Just puttin' syrup on something, don't make it pancakes.
Valued Contributor
vish1
Posts: 1,129
Registered: ‎01-20-2011

Re: Closed First Premier

I was wondering what to do with that piece of plastic now, here is my suggestion (applies to all orchard, FP cards):

 

  • Go to a store like crate & barrel and get a good knife
  • Cut the card into atleast 100 small pieces and then use a hammer to bang the pieces a few times
  • Pack them all very carefully into a plastic bag and seal properly (re-verify that you din't drop any pieces anywhere at your home)
  • Carefully carry the bag to your car and drive atleast 1 mile in any direction
  • Find a trash can and dump the plastic bag containing the pieces of the card
  • Go back home and take a deep breath (dancing for a few minutes is not a bad idea either)
Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010

Re: Closed First Premier


vish1 wrote:

I was wondering what to do with that piece of plastic now, here is my suggestion (applies to all orchard, FP cards):

 

  • Go to a store like crate & barrel and get a good knife
  • Cut the card into atleast 100 small pieces and then use a hammer to bang the pieces a few times
  • Pack them all very carefully into a plastic bag and seal properly (re-verify that you din't drop any pieces anywhere at your home)
  • Carefully carry the bag to your car and drive atleast 1 mile in any direction
  • Find a trash can and dump the plastic bag containing the pieces of the card
  • Go back home and take a deep breath (dancing for a few minutes is not a bad idea either)

You should frame it.    it is like art in a way.   You paid a lot for it.  It has no utility value.    :smileywink:

Frequent Contributor
FicoScore626
Posts: 253
Registered: ‎09-01-2009

Re: Closed First Premier

 


Rollercoaster_84 wrote:

Yes, I have a Home Depot CC with a $2,000 limit, a new credit union CC with a $3,000 limit, and a HSBC CC with a $720 limit. I know it's not great, but we're still working on rebuilding (or really, just waiting for old baddies to fall off). All of our history for the past 2-3 years is positive.


 

Are you kidding me, that's fantastic! I'm hoping to someday work my way up to a $3,000 credit limit. :smileyvery-happy:

 

And congratulations on ditching First Premier. July will be my second anniversary with them and I can't wait to give them the pink slip before the annual fee is due.

Valued Contributor
vish1
Posts: 1,129
Registered: ‎01-20-2011

Re: Closed First Premier

 


Wolf3 wrote:

vish1 wrote:

I was wondering what to do with that piece of plastic now, here is my suggestion (applies to all orchard, FP cards):

 

  • Go to a store like crate & barrel and get a good knife
  • Cut the card into atleast 100 small pieces and then use a hammer to bang the pieces a few times
  • Pack them all very carefully into a plastic bag and seal properly (re-verify that you din't drop any pieces anywhere at your home)
  • Carefully carry the bag to your car and drive atleast 1 mile in any direction
  • Find a trash can and dump the plastic bag containing the pieces of the card
  • Go back home and take a deep breath (dancing for a few minutes is not a bad idea either)

You should frame it.    it is like art in a way.   You paid a lot for it.  It has no utility value.    :smileywink:


I got no FP/Orchard, this was a suggestion for OP.

 

 

I just realized now, that I did not make myself really clear. :smileyhappy:

Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010

Re: Closed First Premier


vish1 wrote:

 


Wolf3 wrote:

vish1 wrote:

I was wondering what to do with that piece of plastic now, here is my suggestion (applies to all orchard, FP cards):

 

  • Go to a store like crate & barrel and get a good knife
  • Cut the card into atleast 100 small pieces and then use a hammer to bang the pieces a few times
  • Pack them all very carefully into a plastic bag and seal properly (re-verify that you din't drop any pieces anywhere at your home)
  • Carefully carry the bag to your car and drive atleast 1 mile in any direction
  • Find a trash can and dump the plastic bag containing the pieces of the card
  • Go back home and take a deep breath (dancing for a few minutes is not a bad idea either)

You should frame it.    it is like art in a way.   You paid a lot for it.  It has no utility value.    :smileywink:


I got no FP/Orchard, this was a suggestion for OP.

 

 

I just realized now, that I did not make myself really clear. :smileyhappy:

 


 

 

I think putting Orchard with FP is not reallly fair.   FP is far worse with it fees.   Orchard is a decent starter card for people with bad credit.    IMO, there is no justification for getting FP card now.    


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