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Regular Contributor
IECredit
Posts: 208
Registered: ‎07-15-2012

First Premier is GONE! forever!!

Had the card around 1 year so wont effect much!!! Worst card ever!! should of never applied for it! got a statement 3 days ago saying "Your next statement will include a $49.00 annual fee" and if thats not bad enough its says there will be a MONTHLY SERVICING FEE of $10.10 a month!! **bleep**! thats new also!  I called the CSR and asked for a waiver and was flat out told NO! i paid the small balance i had on there and requested the card be closed!!!  What thieves!!!

Current Score:TU 717(Walmart 1/9/14) / EQ 766(DCU Monthly 1/28/14) EX Fico 723(MyFico 9/15/13)
Goal Score: All above 800
Wallet: DCU Plat. $10,000 | Logix 10,000 | Chase Freedom $1,000 | Discover $3,600 | WalMart $3,500 | Paypal MC $4,000 | Cap 1 QuickSliver $6,000 | Barclay NFL $3,400 | Best Buy $1,000 | Cap 1 Venture $4,000 | IN THE GARDEN(5/6/13)
10 Accounts $46,500 Revolving
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011

Re: First Premier is GONE! forever!!


IECredit wrote:

Had the card around 1 year so wont effect much!!! Worst card ever!! should of never applied for it! got a statement 3 days ago saying "Your next statement will include a $49.00 annual fee" and if thats not bad enough its says there will be a MONTHLY SERVICING FEE of $10.10 a month!! **bleep**! thats new also!  I called the CSR and asked for a waiver and was flat out told NO! i paid the small balance i had on there and requested the card be closed!!!  What thieves!!!


the card act limits how much fees they can charge on the first year, so yea all the fees are added on the 2nd year, and remember to over pay your balance FP likes to charge extra fees on the next bill then charge off on you. it's been known to happen, send them $20 extra and wait for a check back is better than getting a surprise charge off.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Contributor
irving_magik
Posts: 167
Registered: ‎07-13-2011

Re: First Premier is GONE! forever!!

I was hoping there was a link to an article where First Premier was going out of business..... hahaha, no dice.

Fico Scores: TU 734 (08/12/2012) and EQ 716 (12/08/2012)

AMEX BCP $10,000 (opened 09/2012) - Citi TYP $6500 (opened 12/2012) Chase Freedom $1500 (opened 09/2012)

GMAC Mortgage $181,000 (opened 07/2011) - Car Loan $18,000 (opended 01/2011)
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011

Re: First Premier is GONE! forever!!


irving_magik wrote:

I was hoping there was a link to an article where First Premier was going out of business..... hahaha, no dice.


lol i thought so too at first, but it would take a lot, there's a lot of feed at the bottom =\


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Regular Contributor
IECredit
Posts: 208
Registered: ‎07-15-2012

Re: First Premier is GONE! forever!!

Ha Ha! with all the fees they charge! there rolling in $$$ lol

Current Score:TU 717(Walmart 1/9/14) / EQ 766(DCU Monthly 1/28/14) EX Fico 723(MyFico 9/15/13)
Goal Score: All above 800
Wallet: DCU Plat. $10,000 | Logix 10,000 | Chase Freedom $1,000 | Discover $3,600 | WalMart $3,500 | Paypal MC $4,000 | Cap 1 QuickSliver $6,000 | Barclay NFL $3,400 | Best Buy $1,000 | Cap 1 Venture $4,000 | IN THE GARDEN(5/6/13)
10 Accounts $46,500 Revolving
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011

Re: First Premier is GONE! forever!!


IECredit wrote:

Ha Ha! with all the fees they charge! there rolling in $$$ lol


if you think they're bad now you should've seen them before! money to pay online, access online billing, monthly bills, and a 79.9% APR yes that's 79.9% then the card act smacked their business model around a lot. Hopefully they'll max out APR to 29.9% in the future.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Regular Contributor
IECredit
Posts: 208
Registered: ‎07-15-2012

Re: First Premier is GONE! forever!!

Wow! they really take avantage of those with challenged credit!! It's ridiculous

Current Score:TU 717(Walmart 1/9/14) / EQ 766(DCU Monthly 1/28/14) EX Fico 723(MyFico 9/15/13)
Goal Score: All above 800
Wallet: DCU Plat. $10,000 | Logix 10,000 | Chase Freedom $1,000 | Discover $3,600 | WalMart $3,500 | Paypal MC $4,000 | Cap 1 QuickSliver $6,000 | Barclay NFL $3,400 | Best Buy $1,000 | Cap 1 Venture $4,000 | IN THE GARDEN(5/6/13)
10 Accounts $46,500 Revolving
Regular Contributor
princechristian
Posts: 203
Registered: ‎07-20-2012

Re: First Premier is GONE! forever!!

Congrats! It is apparent that your excitement to be rid of them has spilled out in your post! Haha! 

 

 

Revolvers: FP Gold $300, FP Platinum $300, Applied Bank Business $500, Kay Jewelers $500, Fingerhut $400, Gettington $300

Installers: KHEAA student loan, Dealer Funding LLC auto loan x2, Crescent Bank auto loan, Acceptance Loan Co personal loan x2

Negatives: 1 collection - 2010 $307, Auto lates - 2 30 days, 60 day, 2009 / 3 30 days, 60 day, 2012

Valued Contributor
Swapmeet
Posts: 1,329
Registered: ‎11-10-2012

Re: First Premier is GONE! forever!!

[ Edited ]

Congrats! My first premier card anniversary is coming in 6 months, then I will close it the next day -- as I have been advised to do here at MyFico.

My Wallet: WalMart: ||15k|| USAA Platinum MC: ||13k|| Amex Delta Gold: ||2k||; BCE: ||9k|| Chase Freedom Siggy: ||10k||
Discover it: ||6.5k|| SG Visa: ||11k|| USAA World MC: ||13k|| US Bank Cash+ Siggy: ||5k|| Citi TYP World MC: ||10.5k||
Barlays Arrival World MC: ||10k||
Fico Scores: EQ 760 (SW),TU 757 (Walmart), EX 738 (myfico) Last app: Arrival World MC 2-1-14
Regular Contributor
princechristian
Posts: 203
Registered: ‎07-20-2012

Re: First Premier is GONE! forever!!

I actually have 2 FP cards, and agree that they are generally expensive to have, but I personally have not incurred these expenses overall. Because of two little tricks I ran across and simple negotiating, both effortless to me. 1st card have had 23 months, am already in second year and still don't pay any AFs and a significantly discounted MF. Interest is still a little high but I do not carry balances generally. 2nd card have had for 6 months, same deal as first although still in first year. But when I get close to one year with 2nd card I will call them and negotiate again. Same as I just did last week with no AF yet again for my upcoming 3rd year on my 1st FP card. But I have had a perfect history with both.

 

I too have been advised about closing FP, and have heard all the negatives, but the general rules of thumb for taking advice from people is... one: It is better when they are speaking from experience. two: It is better when they are NOT speaking from hatred or anger. three: It is better when they attach positives... Lol.

Revolvers: FP Gold $300, FP Platinum $300, Applied Bank Business $500, Kay Jewelers $500, Fingerhut $400, Gettington $300

Installers: KHEAA student loan, Dealer Funding LLC auto loan x2, Crescent Bank auto loan, Acceptance Loan Co personal loan x2

Negatives: 1 collection - 2010 $307, Auto lates - 2 30 days, 60 day, 2009 / 3 30 days, 60 day, 2012


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