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Valued Contributor
Jazzzy
Posts: 2,672
Registered: ‎07-29-2009

Re: First Premier

From my understanding, because of the new credit card laws, First Premier will no longer be a high fee card. In order to meet the new regulations, they have lowered their fees...and raised their interest rate to 79.9%.

 

I'm not kidding.

 

http://www.argusleader.com/article/20091218/NEWS/912180322

New Contributor
favre_2_free
Posts: 91
Registered: ‎01-12-2009

Re: First Premier

So after reading that....it didn't say for existing customers in the article.  Does that mean my card of 7 years, that I finally got up to a $750 CL will go up to 79.9% interest?
Amex Gold, Capital One VentureOne & Platium Cards, AAA BoA Signature Visa, Barclays Airtran & Frontier Airlines Cards, Paypal MC, Best Buy RewardZone Mastercard and Chase Speedway Mastercard....and I FINALLY Welcome to Discover...thank you and have a great day!!!!
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Valued Contributor
Jazzzy
Posts: 2,672
Registered: ‎07-29-2009

Re: First Premier


favre_2_free wrote:
So after reading that....it didn't say for existing customers in the article.  Does that mean my card of 7 years, that I finally got up to a $750 CL will go up to 79.9% interest?

 

I don't know.

 

It depends upon whether or not the new credit card law covers existing fees. It likely does, but I'm not an expert. You'll have to call First Premier and ask them.


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