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First Savings Mastercard Pre-Approval want my business

Established Contributor

First Savings Mastercard Pre-Approval want my business

This has to be a Subprime lender because I've never heard of them.They are offering me a Mastercard. Straight to the shredder it goes.

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
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Moderator Emerita

Re: First Savings Mastercard Pre-Approval want my business

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Contributor

Re: First Savings Mastercard Pre-Approval want my business

It's subprime. $75 annual fee for a (typically) $300 credit limit, at 29.9% interest.

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $58k - BMW Ultimate $40k
Chase Sapphire Preferred $62k - Merrill Lynch + Signature $41k - USAA Rate Advantage $28k
NFCU Flagship Signature $50k - USAA Cash Rewards AMEX $28k
Citi Platinum Select / AAdvantage Signature $31k - Chase Amtrak Rewards World MC $41k

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Established Contributor

Re: First Savings Mastercard Pre-Approval want my business


Elcid89 wrote:

It's subprime. $75 annual fee for a (typically) $300 credit limit, at 29.9% interest.


These type of companies prey on people that are in the rebuilding stage or those not aware of the various credit options.They can make a bad situation worse.

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
Message 4 of 5
Frequent Contributor

Re: First Savings Mastercard Pre-Approval want my business

About 2 months after I started rebuilding with only an Orchard (later CapOne) $300.00 & Regular Cap One $300.00 (and Fingerhut), I received a pre-approval from First Savings MasterCard ($750.00 initial CL, $75.00 AF & 19.99% int). I still have this card (8 months) and they have auto increased the limit to $1000.00 (at  6 mos.) and waived the AF for life when I called their regular customer service number to close the account once I got my Discover IT. Leaving for util & AAoA, buying a pack of gum here or there, their C/S was super nice.

 

Just sayin.

Start: Nov'12 EQ 699/EX 685/TU 696 / Current: April''14 EQ 715/EX 709/TU 709 * Goal 750+


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