Reply
Established Member
KayMD
Posts: 77
Registered: ‎09-27-2010
0

What Did I Do? FPB

Call to cancel FPB today and they gave me a credit limit to prevent me from closing, I've had the card since I was 18 and in the last three years this card has gotten me all the cards I have today. What did I do? I really don't see FPB as a bad company has everyone says they are.

 

From $200 to $400.

 

American Express Zync Card: $595.00 Balance Due this month.

Capital One: $495/$500

Capital One: $0/$300

Wells Fargo: $288/$700

FPB $0/$400 

Credit One:$0/$500

Discover: $100/$500 .

Valued Contributor
jamesdwi
Posts: 1,905
Registered: ‎09-16-2011
0

Re: What Did I Do? FPB

Every card has its job, every job has its card. 

 

When you needed FPB it was a great card, just like with a sledge hammer it can do its job and is noisey and can do lots of damage but when you are starting out its what you need. When you are done with that stage you move on and use other tools to complete the job. 

 

Most people's problem with FPB is the fact they nail you with a high AF, high APR, and other fee's.  If you can handle all that keep the card just know that once you get above 640's scores there are other cards that offer a higher CL and lower APR with zero AF, but the choice is yours. 

 

 


Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Zync NPSL, Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.
Established Member
KayMD
Posts: 77
Registered: ‎09-27-2010
0

Re: What Did I Do? FPB

Understood. I have a score of 694.

Established Member
KayMD
Posts: 77
Registered: ‎09-27-2010
0

Re: What Did I Do? FPB

 Well on the card I have a intrest rate of 9.99% and they waived the $49 annual fee. 

Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
0

Re: What Did I Do? FPB


KayMD wrote:

 Well on the card I have a intrest rate of 9.99% and they waived the $49 annual fee. 


It is all about the terms and fees.   Some FB terms would have charged you a 25% to 50% fee to get the CLI.   

 

If your card has no other monthly or annual fees and a good APR, it is an OK card.    Most FB cards have outrageously high fees.

 

Epic Contributor
Creditaddict
Posts: 20,987
Registered: ‎10-23-2007
0

Re: What Did I Do? FPB


KayMD wrote:

Call to cancel FPB today and they gave me a credit limit to prevent me from closing, I've had the card since I was 18 and in the last three years this card has gotten me all the cards I have today. What did I do? I really don't see FPB as a bad company has everyone says they are.

 

From $200 to $400.

 

American Express Zync Card: $595.00 Balance Due this month.

Capital One: $495/$500

Capital One: $0/$300

Wells Fargo: $288/$700

FPB $0/$400 

Credit One:$0/$500

Discover: $100/$500 .


Are you paying $12 or $14/month I have recently seen to have this First Premier Card?

How long have you had Zync and Discover?

 

In my opinion once you get ANY card that has no AF and has the ability to go over $500 limit you get rid of FPB!!

in your case I also dislike CreditOne for longterm... I did however like them when I had them, charging $25 or what it might be now for CLI they were atleast always available every 6 months like clock work... I saw a higher and better card then Cap1 and Bestbuy MC rebuilders!

but you have have Amex and Discover (they would be 2 out of 3 best scenario cards to have to move onto rebuilt life of credit and all others need to go!

Congrats on where you are but if you have had FPB for 18 months and you just got first CLI from $200 to $400 they were not even trying to be nice for all your paid fees!

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 686 Prosper(10-30-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
Established Member
KayMD
Posts: 77
Registered: ‎09-27-2010
0

Re: What Did I Do? FPB

I've had the ZYNC for 1.5 years and the Discover for four months. For FPB I only pay 7 a month.

Established Contributor
learnin113
Posts: 541
Registered: ‎12-02-2011
0

Re: What Did I Do? FPB

The minute, I mean the second you are able to get back on your feet creditwise and obtain a few decent cards....Credit One and First Premier must go.  To me, they're almost like bad karma.

Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
0

Re: What Did I Do? FPB


KayMD wrote:

I've had the ZYNC for 1.5 years and the Discover for four months. For FPB I only pay 7 a month.


That is still $84 a year and not worth it..   Plan to drop this card soon.

Established Contributor
calihlove75
Posts: 788
Registered: ‎05-16-2012
0

Re: What Did I Do? FPB

Your 9.99% APR means nothing if you are paying over $80 bucks a year, whether you use the card or not. Cut it loose and concentrate on that Discover card, Amex, and Wells Fargo. Next, I would axe that Credit First when you can. Can those two Cap one cards be combined? Oh and you have a 694 score, get rid of FP and focus on CLI on your current cards.


100% Ficos: EX 762, TU 767, EQ 762 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-2/1~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $8000~Kohls $1000~Amex BCE $2000~ Walmart Discover $7500~NFCU Signature CashRewards $16,100~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}