Re: Cerulean Discover fr. Continenta
11-16-2012 02:22 PM
Safe bet the CL is $300. Initial fees limited to 25% of the CL by the CARD act but not fees in subsequent years. It's the subsequent fees that are really absurdly high. FP has an additional one time "$95 processing fee" that must be paid before the credit card is usable. Subsequent AF of $45 in addition to maint. fees apply after the first year. which is pretty bad.
Basically, these cards expect about half the cardholders will eventually default. The other half prvide their profit.
I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.
WM Discover $1800, WF Plat 12k, Chase Freedom Siggy18k, Amex Plat (60k H/B), Citi AA EWMC 25k