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Registered: ‎10-19-2012
Re: Wow, I got a preapproval!!!!!!

newportguy wrote:

BEWARE of First Premier !!!!!!!!!!

 

The two credit cards come with an astronomical interest rate: 49.9% the first year, with the possibility of a minor reduction to 39.9% thereafter. For comparison, the industry average for those with poor credit is 23.95% – less than half of the Aventium/Centennial’s. First Premier is notorious for its high interest rates: previous iterations of the Aventium and Centennial came with 79.9% and 59.9% APR’s, but were yanked after public pressure.


The average APR for those with poor credit is 24%? I got really close to that on my Visa Signature card :smileysad: