topic Re: First Premier Joyful Bliss in Credit Card Applications

First Premier Joyful Bliss

joedtx — Fri, 08 May 2015 16:58:01 GMT

From time to time regardless of CS we all get these 'Preapprovals" from First Premier, Credit One etc this is just a reminder of why these predatory lenders have deep pockets and will continue to blindly send out these solicitations to everyone. Its shamefull that those rebuilding and with the most need turn to these types. It is fair for a business to charge an elevated fee based on their risk, but this is structured to simply generate beyond excessive fees and for those unfamilar with this structure can place them even more in debt that they could imagine.

Re: First Premier Joyful Bliss

pizza1 — Fri, 08 May 2015 17:01:01 GMT

36% **bleep**!!! LMAO! wow...SOOOOOOO glad I NEVER had to go this route, and had the smarts to research this forum FIRST, ugh!!!

Re: First Premier Joyful Bliss

Anonymous — Fri, 08 May 2015 17:01:05 GMT

Id ask for $100 CL.

Re: First Premier Joyful Bliss

joedtx — Fri, 08 May 2015 17:10:58 GMT

@Anonymous wrote:
Id ask for $100 CL.

Don't forget your include your $144 annual fee

Re: First Premier Joyful Bliss

pipeguy — Fri, 08 May 2015 17:17:28 GMT

What a deal !!

Congrats on your approval (snicker....)

Re: First Premier Joyful Bliss

Anonymous — Fri, 08 May 2015 17:18:47 GMT

AF can not be more than 25% of CL.

$100 = $25 AF.

Re: First Premier Joyful Bliss

CreditCuriosity — Fri, 08 May 2015 18:15:30 GMT

@Anonymous wrote:
AF can not be more than 25% of CL.

$100 = $25 AF.

Part of card act correct?

Re: First Premier Joyful Bliss

Anonymous — Fri, 08 May 2015 18:20:08 GMT

@joedtx wrote:
From time to time regardless of CS we all get these 'Preapprovals" from First Premier, Credit One etc this is just a reminder of why these predatory lenders have deep pockets and will continue to blindly send out these solicitations to everyone. Its shamefull that those rebuilding and with the most need turn to these types. It is fair for a business to charge an elevated fee based on their risk, but this is structured to simply generate beyond excessive fees and for those unfamilar with this structure can place them even more in debt that they could imagine.

That **bleep** is some crazy **bleep** **bleep**!!!!

Re: First Premier Joyful Bliss

Anonymous — Fri, 08 May 2015 18:23:51 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
AF can not be more than 25% of CL.

$100 = $25 AF.
Part of card act correct?

Yes!

Re: First Premier Joyful Bliss

Anonymous — Sat, 09 May 2015 09:57:24 GMT

They usually do a 300 dollar credit limit. They used to have a gold card with a 79.9‰ APR

Re: First Premier Joyful Bliss

GettingBetter2015 — Sat, 09 May 2015 13:24:09 GMT

I got two offers in the mail yesterday. One from First premier and the other from Verve??? I looked over both offers and they appeared identical same AF and per month charges, same starting limits, blah blah blah. They promptly got handed to my 6 year old to run through the shredder. He asked why I didn't want these credit cards and I had to explain that mommy has better credit cards than these and I don't want these cards when I have a chance for better cards in the future as well if I let the cards I have grow. I showed him how they took money from the card right off the top and he wasn't too happy about that. He said he'd rather stick with my Macy's and Capital one cards!

Re: First Premier Joyful Bliss

Anomalous — Sat, 09 May 2015 17:10:16 GMT

36%? Yuck!

Re: First Premier Joyful Bliss

Anonymous — Sat, 09 May 2015 17:56:44 GMT

ouch!

Re: First Premier Joyful Bliss

joedtx — Sat, 09 May 2015 20:05:51 GMT

I'm surprised someone hasn't chimed in saying 36% doesn't matter if you PIF ...... To me that is is the equivilant of saying well it's fun to bungee jump as long as the rope doesn't snap.

Re: First Premier Joyful Bliss

Anonymous — Sat, 09 May 2015 20:53:51 GMT

That is why they are a South Dakota bank located in Sioux Falls. South Dakota has no usury laws so they can charge as much interest as they want.

Re: First Premier Joyful Bliss

Anonymous — Sat, 09 May 2015 20:56:52 GMT

Am I reading that correctly? An AF of $79, PLUS a monthly fee?

Re: First Premier Joyful Bliss

ficoguy2013 — Sun, 10 May 2015 00:34:38 GMT

HOLY DONKEY KONG!

I would just get a secured card with Capital One or Navy Fed.

Re: First Premier Joyful Bliss

Anonymous — Sun, 10 May 2015 01:46:06 GMT

I have had fpb befor. It is more trouble than its worth. Last year I just had one secured card. Then I got a quicksilver, credit one and milestone. I shouldn't have gotten credit one or milestone. I just got them because I could. I need to close them, especially since I have Walmart and amazon now.

Re: First Premier Joyful Bliss

MarcinXP — Sun, 10 May 2015 01:53:50 GMT

Wow, how generous of them to only charge $8 monthly servicing fee for the first year vs. $12 servicing fee that's normally charged! $144 annual servicing fee and then $79 Annual fee. I would love to call and have them explain to me both charges and what is the difference? I mean you basically paying them $223 a year to have a credit card even if you PIF! I guess the price of having bad credit!

Re: First Premier Joyful Bliss

Anonymous — Sun, 10 May 2015 02:06:04 GMT

A secured card is better than this