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.
so my moniker is, well, rather out of date.
WM Discover $800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k