12-21-2009 09:14 PM
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.
12-22-2009 05:56 AM
12-22-2009 07:20 AM
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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