first premier, 36% apr!!

[pizza1]

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@Anonymous wrote:
Hello everyone,

I went out and got my mail today and got my first ever "first premier" credit card app. I would NEVER sign up for their card (no need as I have great credit with 74,800 available on my cards and perfect history).

Anyway I decided to open it just to see what the offer said. It stated a minimum of $1000.00 credit line...not bad for some, but not for me.

Anyways I read on,

36% Apr (INSANE?)
$95. Processing fee (WHAT?)
$75. Annual fee (KILLING ME?)
$6.25/mo service fee after one year (I MUST BE DRUNK)

one would think anything over 30% Apr would be considered predatory lending and should be addressed. Especially with all the fees.

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Where do I apply?!

[Shogun]

Can't wait to put this bad boy in my portfolio.  lol

[Anonymous]

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@pizza1 wrote:

---

@Anonymous wrote:
Hello everyone,

I went out and got my mail today and got my first ever "first premier" credit card app. I would NEVER sign up for their card (no need as I have great credit with 74,800 available on my cards and perfect history).

Anyway I decided to open it just to see what the offer said. It stated a minimum of $1000.00 credit line...not bad for some, but not for me.

Anyways I read on,

36% Apr (INSANE?)
$95. Processing fee (WHAT?)
$75. Annual fee (KILLING ME?)
$6.25/mo service fee after one year (I MUST BE DRUNK)

one would think anything over 30% Apr would be considered predatory lending and should be addressed. Especially with all the fees.

---

Where do I apply?!

---

Pizza, don't joke about these things. We will believe you!

[Anonymous]

Put down the first premier app, and no one gets hurt! Lol

[Ups77]

I received one about a month ago with a 1 k limit. What a joke and the fees are outrageous. Legalized loan sharking.b

[macuserftw]

Legalized loan sharking indeed! As I keep throwing their offers away, they keep sending me more with higher starting CL's. They started out with offering a $300CL and now they're offering $1000CL. 

Unfortunately I actually had a Credit One card. The interest rate wasn't 36% like First Premier, but they had absolutely no grace period at all. I never used the damn card and I'm so happy I closed out the account and I don't have to worry about it anymore. Never again.