@Anonymous wrote:
@Anonymous 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.
