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Lol @ First Premier

Established Contributor

Lol @ First Premier

I got a pre-approval offer in the mail today for a $700 limit minus a $175 annual fee for the first year. The fee is only $49 for every year after. I think my favorite part was the 36% interest rate. All I could do was laugh. I'm not sure why they even bothered considering my FICO is around 700 and I have three cards that I think the vast majority of people would consider prime. (Cap1 with no af, Discover It, and Amex Green...) Oh well, at least they gave me a good laugh.


Message 1 of 10
9 REPLIES
Mega Contributor

Re: Lol @ First Premier


Default4 wrote:

I got a pre-approval offer in the mail today for a $700 limit minus a $175 annual fee for the first year. The fee is only $49 for every year after. I think my favorite part was the 36% interest rate. All I could do was laugh. I'm not sure why they even bothered considering my FICO is around 700 and I have three cards that I think the vast majority of people would consider prime. (Cap1 with no af, Discover It, and Amex Green...) Oh well, at least they gave me a good laugh.


Smiley Very Happy

 

Yea that their latest offer. Hilarious!

 




EQ FICO 548 3/3/16
Message 2 of 10
Established Contributor

Re: Lol @ First Premier

I think i just got that same offer last week, i laughed so hard my stomach hurt and then had to stop long enough to put it in the shredder Smiley Happy


Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 Smiley Wink
Message 3 of 10
Valued Contributor

Re: Lol @ First Premier

I believe I got that in the mail, as well.  Along w/ those 536% sameday loan offers - ugg

5/2012: 560 credit scores across the board
12/2014 750+
3/2017 780+
5/2017 800+
Message 4 of 10
Established Member

Re: Lol @ First Premier

The smaller banks should really catch up to the bigger ones. Their credit card are never that great and they usually make it super hard to get one of theirs. 

Message 5 of 10
Established Member

Re: Lol @ First Premier

One of those came to my house too. Only on top of the other fees  insane fees there is a $10.95 monthly as well! I can only hope that anyone considering this card  checks out every other possibility before applying for this, Just sit back a minute and think about it, just having a card for the sake of having one isn't always worth it. 

Message 6 of 10
Established Contributor

Re: Lol @ First Premier

In my early ignorant days of attempting to rebuild my credit, I applied for and was approved for a First Premier card.  When it arrived in the mail and I looked at the actual terms of the card, I was so shocked that I actually called them to confirm that these were actually the fees and rates.  I closed the card without ever activating it, so I didn't have to pay for it, but I still ended up taking a hard pull for it and it remains as a TL on my CRs.  Now that I am an informed person, I'm embarrassed that First Premier is on there and I can't wait for it to age off my CRs.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

Take the FICO Fitness Challenge
Message 7 of 10
Super Contributor

Re: Lol @ First Premier

Now I feel left out.

 

I have never gotten an offer from FP Smiley Sad




Message 8 of 10
Frequent Contributor

Re: Lol @ First Premier

I already have the Discover More, currently have United Explorer and Citi AA cards. With these prime cards I should expect a nice pre approval offer from First Premier right? I mean after all they have "Premier" in their name so it should be good right?

 

Smiley Very Happy

FICO Scores: TU: 768 (Jan 2012), EQ: 755 (Jan 2012 Lender pull)
Message 9 of 10
Valued Contributor

Re: Lol @ First Premier

I got one of these offers when my credit was REALLY in the dumps in 2006...not knowing any better, I fell for it.

 

Let's just say....December 2013 will be a glorious month...when this BS falls off my reports.

Scores 5/15/2016 (clean reports!): TU Walmart FICO: 696 | EQ FICO: 679 | EX AMEX FICO: 680

In my new wallet: American Express Green EMV: PSL $2000 | BankAmericard Cash Rewards Visa EMV: $2500 | Citi AAdvantage Platinum Select World MasterCard: $6400 | Barclaycard Arrival World MasterCard: $1000 | Discover IT: $2500 | Amazon Rewards Visa Signature: $1500 | Chase Freedom: $1500 | Capital One QuicksilverOne MasterCard: $2100 | Target: $2800 | J.Crew $21,550 | Marvel (Captain America) MasterCard: $6000
Message 10 of 10