11-01-2008 08:35 AM
I am new here, my scores are around 550 the last time I checked them. I have a Target store card, and recently applied for First National Bank. I was declined for BOA and Orchard (except for secured, which I plan on getting). They sent me a letter in the mail with an offer, I wanted to run it by you.
I pay $29 to sign up, the first month they charge a one-time fee of $150.00 and my limit is $200.00. So what do you think? The initial $150 is out of my control, I thought i could get the card, then pay off that $150 the first billing cycle. Would this be an ok card to get? Or should I ONLY get the secured card?
11-01-2008 08:55 AM
11-01-2008 09:14 AM - edited 11-01-2008 09:25 AM
Take the offer to the nearerst available shredder, shred it, then burn the shreds.
Those fees are unbelievable. Do what the above poster said, and get a secured card (try your bank or CU) or even try Capital One and some other sub-prime cards.
What exactly is the $150.00 for? Is it some kind of deposit or a non-refundable fee? If it's non-refundable, I'll stand by my previous statements.
11-01-2008 11:49 AM
Secured all the way. I would never pay those fees and when I had bad credit and got those offers, too, I just shredded them. Banks like that do not deserve your business in my opinion.
- last edited on
RUN DON'T WALK away from any card that charges this kind of fee.
Try WAMU, Orchard, CAP1 or BOFA secured.
Check out Finance Globe (removed link). Put your score in and see what comes up.
Please refrain from including links to such websites. Thanks -- Peas
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
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.