Reply
Mega Contributor
Creditaddict
Posts: 19,413
Registered: ‎10-23-2007
0

First Premier offer...wow!

Got a pre-approval from First Premier and the initial credit line is $700!!!

Annual Fee $175

 

I guess they increased the initial credit line to be able to still bill the annual fee that high.

after first year the annual fee is billed monthly instead of yearly

Fico Scores: EQ 657 Cabelas, TU 662 Walmart, EX 699 Wells (07-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 40 Cards in between :smileytongue:
New Contributor
5thWheel
Posts: 65
Registered: ‎01-30-2010
0

Re: First Premier offer...wow!

I think you might want to pass on that one :smileyindifferent:

Mega Contributor
Creditaddict
Posts: 19,413
Registered: ‎10-23-2007
0

Re: First Premier offer...wow!

I am, I'm addicted to approvals and getting any and all credit I can but in the end I just don't need it at all... I have my new Toyota Visa that I'm nursing to grow

Fico Scores: EQ 657 Cabelas, TU 662 Walmart, EX 699 Wells (07-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 40 Cards in between :smileytongue:
Valued Contributor
bunnyrabbit
Posts: 1,413
Registered: ‎01-20-2008
0

Re: First Premier offer...wow!


Creditaddict wrote:

Got a pre-approval from First Premier and the initial credit line is $700!!!

Annual Fee $175

 

I guess they increased the initial credit line to be able to still bill the annual fee that high.

after first year the annual fee is billed monthly instead of yearly


That's WOWWW!!     nice initial CL of $700 and AF of $175 ....   oh my my ....

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It's very tough with small income ~ The Rewards are big little helper to me.
Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
0

Re: First Premier offer...wow!

Horrors!

Frequent Contributor
Pushto700
Posts: 267
Registered: ‎07-28-2009
0

Re: First Premier offer...wow!

Wow. 175? That is a KILLER....just think of the cash advance fees and purchase APRS for carrying a balance of anykind. Wow.


Starting Score: TU: ?-- EQ: ?--EX 560 (8-08)
Current Score: TU: 671 (3-10) 625 (4-10/Rebucketed)--EQ: 674 (3-10)--EX 630 (Lender 11-09)
Goal Score: TU: 750--EQ: 760


Take the FICO Fitness Challenge
Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
0

Re: First Premier offer...wow!

 


Pushto700 wrote:

Wow. 175? That is a KILLER....just think of the cash advance fees and purchase APRS for carrying a balance of anykind. Wow.


First premiere has no grace period, so you pay purchase APRS even if you PIF, much less carry a balance!    

 

 

And there are much worse terms than that.

Frequent Contributor
CreditCard101
Posts: 401
Registered: ‎02-23-2009
0

Re: First Premier offer...wow!

That offer should be ignored and shredded to trash can immediately..Hell no anyone would accept a $175 AF and low credit line from a BS bank..

Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008
0

Re: First Premier offer...wow!


CreditCard101 wrote:

That offer should be ignored and shredded to trash can immediately..Hell no anyone would accept a $175 AF and low credit line from a BS bank..


LMAO


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


Take the FICO Fitness Challenge
Established Contributor
mross1080
Posts: 527
Registered: ‎04-21-2010
0

Re: First Premier offer...wow!

As much as I dont like First Premier as much as the next guy. I have to say they helped me I had no score and they helped me build towards a good score. I think of it like im paying them monthly to boost my credit  I dont use the card for anything I got it paid the ridulous start up fee and now just pay the 7 dollars a month. best 7 dollars I spend all month. I think the problems come in with them if you actually use the card with I have not.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+