Frequent Contributor
newportguy
Posts: 351
Registered: ‎11-11-2012
Re: Wow, I got a preapproval!!!!!!
[ Edited ]

HiLine wrote:

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:

 


Yeah i know, My  AMEX BCP is high too :smileysad:((((  I will never carry a bal. on it either. I do see the New AMEX BCP is 12.99 %  to 21.99%  back when i got my card it was 17.99 to 22.99% !!!!  just my luck , they lower the APR after i get my card.

 

I do have a 9.99%  APR on  my PenFed CR card if i need to carry a bal


Current Score: myFico EQ - 794 ( 11/ 29/2012 ) amexFico EX - 787 (10/15/2012) myFico TU - 780 (11/29/2012) Credit Sesame - 809 (02/04/2013) Goal Score * 800 Club *
****** Garden Club Member -- Last HP Jan 3rd 2013 *******
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