Should I apply or skip?

[Anonymous]

First Premier Bank sent me offer for following and I am about to throw it away, but still would like some opinions

400 cl with whopping 36 percent apr

95 setup fee

99 for first time annual fee, after that 45

8.25 monthly servicing fee

Anybody have experience with this card before I throw it in the trash.

Thanks

[Anonymous]

Don't throw it away.  

Burn it first, then throw away the ashes.  If you feel like giving away money I will give you my address and you can send me a check.  Don't give it to them

[someone379]

IMO there are better ways to build your credit... that cost a lot less...

[Anonymous]

I'm all ears... so far here is what i have got 

bofa secured card

opensky secured card

applied cap1 secure - denied

applied fnbo secured - still pending 

Currently 4 charge offs which i have all pfd them

3 accounts are good

car loan 5k left

student loan 13k still paying

Any other ideas of rebuilding I will appreciate it.

[Jpmack29]

My honest opinion, I would say to skip...

[someone379]

How long have you had those?  Keep your reported balances low (5-20%)...  I just dont think the card you are asking about is going ton help you much at this point,  especially if you already have other open lines that are reporting. Definately won't help enough to justify the cost, they will even charge you another fee for onkine account access!  Just walk away from that "offer" and let what you have do a little work.

[Anonymous]

Skip. The BofA card will convert eventually, and you'll be able to get cards that aren't so terrible.