Established Contributor
Posts: 1,025
Registered: ‎07-18-2009
Re: Cerulean Discover fr. Continental Finance

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so my moniker is, well, rather out of date.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 Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k