Frequent Contributor
WhiteCollar
Posts: 309
Registered: ‎04-07-2012
The Worst Credit Cards of 2012

I came across this list today. Not surprised to see First Premier at the top!

 

http://www.cardhub.com/worst-credit-cards/

 

Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
Re: The Worst Credit Cards of 2012

WhiteCollar wrote:

I came across this list today. Not surprised to see First Premier at the top!

 

http://www.cardhub.com/worst-credit-cards/

 


And yet MyFico gives 4 stars to First Premier with these terms.

 

Contributor
jwduke
Posts: 102
Registered: ‎01-14-2012
Re: The Worst Credit Cards of 2012

Wolf3 wrote:

WhiteCollar wrote:

I came across this list today. Not surprised to see First Premier at the top!

 

http://www.cardhub.com/worst-credit-cards/

 


And yet MyFico gives 4 stars to First Premier with these terms.

 


Does First Premier advertise here????

 



Starting Score: 675
Current Score: FICO- 765 (01/19/14)
Goal Score: 780+ All Three




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Valued Contributor
Duncanrr
Posts: 2,825
Registered: ‎06-08-2012
Re: The Worst Credit Cards of 2012
[ Edited ]
giving 4 stars to First Premier makes me call into question the entire card review on this site. It raises serious credibility issues. (or the editor who reviewed it needs to be fired).


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
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Blogger
HiLine
Posts: 2,723
Registered: ‎10-19-2012
Re: The Worst Credit Cards of 2012
[ Edited ]

What kind of person in his right mind would ever apply for a First Premier? This card should not even exist.

Moderator
Revelate
Posts: 6,773
Registered: ‎12-30-2011
Re: The Worst Credit Cards of 2012

HiLine wrote:

What kind of person in his right mind would ever apply for a First Premier? This card should not even exist.


There are multiple tiers of credit; there are individuals in this world (most of the people who actually find this forum aren't among them I'll admit) where all they can get when it comes to unsecured lending is FP.

 

There are legions of people living through PDL shops (Pay Day Lender) who would be able to put themselves waaaaay ahead with a FP card on the assumption they use it responsibly.  The same goes for companies like Cashcall and SpringLeaf, their products are undeniably "ugly" to many of us, but sometimes that's all you can obtain and you have to start somewhere when it comes to building positive credit history.

 

 


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Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
Re: The Worst Credit Cards of 2012

jwduke wrote:

Wolf3 wrote:

WhiteCollar wrote:

I came across this list today. Not surprised to see First Premier at the top!

 

http://www.cardhub.com/worst-credit-cards/

 


And yet MyFico gives 4 stars to First Premier with these terms.

 


Does First Premier advertise here????

 


http://www.myfico.com/SavingsCenter/creditcards.aspx?qsid=nav

 

New Member
Thunderstruck
Posts: 2
Registered: ‎11-10-2012
Re: The Worst Credit Cards of 2012

It's really bad to the bone, IMHO.

Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
Re: The Worst Credit Cards of 2012

+1000

Regular Contributor
GoldenloveNY
Posts: 243
Registered: ‎02-29-2012
Re: The Worst Credit Cards of 2012

FP sent me a preapproval in the mail like two weeks ago. I laughed out so hard (I have a Amex and Discover in my wallet).....LOL. I looked at the fees involved in getting one of their cards, and it was so unbelieveable....these people must be crazy......

Zync from American Express- NPSL
Amex BCE- $1,000
Discover IT- $1,500
Bank of America 1-2-3 Rewards-$1,000
Chase Freedom- $500
Capital One- $500