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Established Contributor
MountainHiker
Posts: 643
Registered: ‎08-07-2012

First Savings Mastercard Pre-Approval want my business

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‎02-05-2013 10:30 AM

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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Valued Contributor
09Lexie
Posts: 5,221
Registered: ‎09-13-2012

Re: First Savings Mastercard Pre-Approval want my business

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‎02-05-2013 11:22 AM

Never heard of them either. 


Starting Score: 600's
Current Score: Exp Plus 743 04/13; 707 LP Discover 01/13 ; 733 05/13, 693 04/13, 703 03/13, 02/13, 702 TU WalMart 01/13; 702 EX LP 11/12; EQ 699 MyFico 01/13, EQ 699 11/12, CS 714 03/13
Goal Score: 800
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Established Member
Elcid89
Posts: 354
Registered: ‎10-04-2012

Re: First Savings Mastercard Pre-Approval want my business

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‎02-05-2013 11:29 AM

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

FICO scores: 819 (EQ) 815 (EX) 803 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $42k - BMW Ultimate $36k
Chase Sapphire Preferred $42k - Merrill Lynch + Signature $33k - USAA Rate Advantage $20k
NFCU Flagship Signature $33k - USAA Cash Rewards AMEX $20k
Citi Platinum Select / AAdvantage Signature $23k

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Established Contributor
MountainHiker
Posts: 643
Registered: ‎08-07-2012

Re: First Savings Mastercard Pre-Approval want my business

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‎02-05-2013 04:00 PM

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
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Frequent Contributor
QAMngrGirl
Posts: 359
Registered: ‎11-28-2012

Re: First Savings Mastercard Pre-Approval want my business

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‎02-05-2013 04:09 PM

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: MAR'13 EQ 717/EX 710/TU 729 * Goal 750+ Gardening until 6/2013
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