Credit Card Center Advertiser Disclosure

Established Contributor
Posts: 739
Registered: ‎06-30-2007
0 Kudos

Re: New Low - Credit Card with a 79.9% APR YES 79.9%

Creditaddict wrote:
under the new law are they not required to allow 20 day min. grace period?

no grace period was never repquire mailing statment a leas 21 which means if a credit offers a grace peridod it can't be less the 21 days

People say "Only apply for credit you NEED"

I say "apply for credit you have PRATICAL use of"

I don't have AMEX card because I don't want a card that suffers from PMS
Established Contributor
Posts: 720
Registered: ‎05-04-2007
0 Kudos

Re: New Low - Credit Card with a 79.9% APR YES 79.9%


It's still a lower APR than Gary Coleman's CashCall. Smiley Happy


It's better than it was. Before, customers were clobbered with fees before they even charged anything.


It means First Premiere will need significantly more customers to make the same profit as before.


Finally, the current 3.5 million FP cardholders should be trying to obtain secured cards from less predatory issuers ...

Regular Contributor
Posts: 194
Registered: ‎09-18-2009
0 Kudos

Re: New Low - Credit Card with a 79.9% APR YES 79.9%

Wow…this is getting a little out of hand. Can't wait for the 1000% cards to hit the market. How about if you charge $100 you owe them your first born?
Moderator Emeritus
Posts: 5,279
Registered: ‎03-18-2008
0 Kudos

Re: New Low - Credit Card with a 79.9% APR YES 79.9%

Apparently, full disclosure of this remarkable APR has not deterred interest in the card.


Customer interest in 79.9% credit card is 'phenomenal'

Posts: 25
Registered: ‎05-23-2009
0 Kudos

Re: New Low - Credit Card with a 79.9% APR YES 79.9%

Absolutely.  For the poor souls whose credit has been wrecked by theirs and others misdeeds, it maybe the only thing to rebuild their credit portfolio.  It would certainly curtail your spending and force you to pay off before next billing cycle.  Abeit some of the talking heads now advocate cash-only transactions and get rid of credit cards altogther.


Yep, we are coming full circle; I remember 30 years ago cash was the perfered tender, checks were rarely used, and CCs were only had by the very well-to-do, or at least where I grew up that is.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.