Re: Wow, I got a preapprova
[ Edited ]
11-28-2012 07:22 PM - edited 11-28-2012 07:33 PM
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
Yeah i know, My AMEX BCP is high too (((( 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 *******
*** Amex - BCP 10 K * PenFed - CR 5 K * Amex - GDSM 5 K *
Discover - IT 5 K ***** NO MORE APPS FOR ME IN 2013 *****