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Contributor
Posts: 699
Registered: ‎04-03-2015
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First Premier Bank (LOL)

I just got a "Pre-Approval" in the mail from First Premier and I thought I might as well open it and see just how bad they really are. I always knew they sucked but I just couldn't stop laughing when I saw the terms of the card! APR - 36%, Annual Fee $79, Monthly Service Fee $8 (on top of annual fee!). It even has FTF fee and huge late fees. I just have to say I am so glad I don't have to use a bank like this...

FICO Scores TU -750 |EQ - 741 |EX -726 FOR REAL NOW Gardening Until June 2017

Valued Contributor
Posts: 1,728
Registered: ‎06-05-2015

Re: First Premier Bank (LOL)


applurker wrote:

I just got a "Pre-Approval" in the mail from First Premier and I thought I might as well open it and see just how bad they really are. I always knew they sucked but I just couldn't stop laughing when I saw the terms of the card! APR - 36%, Annual Fee $79, Monthly Service Fee $8 (on top of annual fee!). It even has FTF fee and huge late fees. I just have to say I am so glad I don't have to use a bank like this...


The truth is, No one really has to use a bank like this. Now whether they are so desperate for credit that they grin and bear it is their own prerogative, as unwise as it would be.

Shortcuts to credit lead to shortcut results.
Frequent Contributor
Posts: 459
Registered: ‎12-20-2013

Re: First Premier Bank (LOL)

I got one of these yesturday. It had a date with the trash can.
EX 673, EQ 704, TU 686


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Posts: 699
Registered: ‎04-03-2015
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Re: First Premier Bank (LOL)


black_citi wrote:
I got one of these yesturday. It had a date with the trash can.

Oh believe me mine is in there as well... But I just had to see how bad it was before it went out Smiley Happy

FICO Scores TU -750 |EQ - 741 |EX -726 FOR REAL NOW Gardening Until June 2017

Regular Contributor
Posts: 150
Registered: ‎07-16-2015
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Re: First Premier Bank (LOL)

To be honest, I am really interested to see what is the 'best' offer anyone has ever gotten with FP, or Credit One, because even in their kingdom of trash, there seems to be a class system where some people receive better offers than others.


         • Recovering from a family emergency. Slate payed off, working on Freedom. Then, will open some cards to disersify my portfolio.
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Posts: 1,728
Registered: ‎06-05-2015
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Re: First Premier Bank (LOL)


Moussie wrote:
To be honest, I am really interested to see what is the 'best' offer anyone has ever gotten with FP, or Credit One, because even in their kingdom of trash, there seems to be a class system where some people receive better offers than others.

Well, apparently Credit One, Merrick bank have different tiers. Of course though, No Credit One tier has a grace period, so it's a moot point.

Shortcuts to credit lead to shortcut results.
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Posts: 429
Registered: ‎06-11-2008
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Re: First Premier Bank (LOL)

How is there a monthly fee on top of an annual fee? What the heck does the monthly fee cover, free coffee at Starbucks? lol

“Faith is taking the first step even when you don’t see the whole staircase.”
Valued Contributor
Posts: 1,666
Registered: ‎10-15-2011

Re: First Premier Bank (LOL)

Smiley Sad

 

I must not be good enough for them.  They don't send me such excellent offers.  I think I will cry myself to sleep tonight with anguish.

 

Smiley Tongue

It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.
Valued Contributor
Posts: 1,666
Registered: ‎10-15-2011

Re: First Premier Bank (LOL)


tuolumne wrote:

applurker wrote:

I just got a "Pre-Approval" in the mail from First Premier and I thought I might as well open it and see just how bad they really are. I always knew they sucked but I just couldn't stop laughing when I saw the terms of the card! APR - 36%, Annual Fee $79, Monthly Service Fee $8 (on top of annual fee!). It even has FTF fee and huge late fees. I just have to say I am so glad I don't have to use a bank like this...


The truth is, No one really has to use a bank like this. Now whether they are so desperate for credit that they grin and bear it is their own prerogative, as unwise as it would be.


I once thought I was that desperate and opened an account with them.  I closed it immediately after I got the card thinking about how foolish it was to spend so much money.  I was not in the best financial position then, but then I later realized how stupid it was to pay so much when that money could go to other things, like food, water, electricity, and clothing.  Buy four pairs of jeans or get a FP credit card?  25 meals at McDonalds?  6 months of electricity at an apartment?  I just had to equate things..... and the equation was I was stupid to get the card.  To each their own I guess.  I decided it was better to save my money and get a secured card! 

It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.
Frequent Contributor
Posts: 318
Registered: ‎06-11-2015

Re: First Premier Bank (LOL)


Moussie wrote:
To be honest, I am really interested to see what is the 'best' offer anyone has ever gotten with FP, or Credit One, because even in their kingdom of trash, there seems to be a class system where some people receive better offers than others.

I'm also curious. Credit One offers a 1% cash back on gas card... is that a higher tier than their regular card? And I've also seen people mention monthly fees, but mine never had monthly fees when I had Credit One.

 

I'm sure there's some internal heirarchy of suck.

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