Valued Contributor
creditnocash
Posts: 2,195
Registered: ‎07-23-2012
Re: Wow, I got a preapproval!!!!!!

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:

 


all of my store cards have an apr of 23%+ i only let my best buy report since it has 0% financing and all others might report one month but get pif so no interest paid. 

 

my two citizens cards (right now) one has 0 for the first year not sure whats after and the second is 17.99% 

chase freedom is 0 until 11/13 and then 22

Current: Discover Fico 689 7/14 Walmart Fico 697 8/14

Inquiries (24 Months): EQ 6 TU 3 EX 4 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000