topic Re: FNBO Amex 3.25% in Credit Cards

FNBO Amex 3.25%

Anonymous — Sat, 06 Jun 2015 18:03:33 GMT

I got an offer in the mail for the FNBO Amex, with APR at prime, or 3.25%. It has a $99.00 year fee. Is this a legitimate offer?

Re: FNBO Amex 3.25%

tonyjones — Sat, 06 Jun 2015 18:06:49 GMT

@Anonymous wrote:
I got an offer in the mail for the FNBO Amex, with APR at prime, or 3.25%. It has a $99.00 year fee. Is this a legitimate offer?

Only way to find out is app, it's just one HP.

Re: FNBO Amex 3.25%

Anonymous — Sat, 06 Jun 2015 18:09:34 GMT

Is this a good offer? Id like a card tied to prime rate, which is 3.25%. Has anyone else got this offer?

Re: FNBO Amex 3.25%

revjamesl — Sat, 06 Jun 2015 18:10:35 GMT

Interesting. Does it earn rewards or is it just the low rate?

Re: FNBO Amex 3.25%

Anonymous — Sat, 06 Jun 2015 18:13:51 GMT

No rewards, just indicates that the rate will never go above prime. I have plenty of reward cards, but it would be nice to have a long term, low rate card.

Re: FNBO Amex 3.25%

tonyjones — Sat, 06 Jun 2015 18:17:10 GMT

@Anonymous wrote:
No rewards, just indicates that the rate will never go above prime. I have plenty of reward cards, but it would be nice to have a long term, low rate card.

of course this is a good rate. 3.25%

My best card is DCU which is at 11%, no rewards.

Re: FNBO Amex 3.25%

Anonymous — Sat, 06 Jun 2015 18:23:04 GMT

I have never dealt with FNBO... are they inquiry sensitive? I have more than a few! Also, if anyone else has gotten this offer what was their starting credit line?

Re: FNBO Amex 3.25%

itguy_65 — Sat, 06 Jun 2015 18:32:03 GMT

I have a FNBO Visa at 3.25%. I've had it since 10/14. It's legit. They approved me with 6 inquiries.

Re: FNBO Amex 3.25%

Anonymous — Sat, 06 Jun 2015 18:33:50 GMT

Hi, this card has been discussed here a few times. They also had an offer for one at 6.25% that does have rewards: http://ficoforums.myfico.com/t5/Credit-Cards/New-FNBO-Limited-Time-Offer-Card/m-p/3907902#M1091278

Is the 3.25% a good offer? Probably not for many! The question is how likely are you to need to carry a balance (and not have a 0% APR card) and what is your current best non-promo rate. The point is that $99 AF is a lot if most of the time there is no benefit, especially if you don't use it year after year. Some people would consider the money well spent as insurance, but you can save up the $99, get rewards on other cards, and that will more than make up the higher rate you have to pay (if and when you do so) for a while

Re: FNBO Amex 3.25%

gdale6 — Sat, 06 Jun 2015 18:47:19 GMT

@Anonymous wrote:
I have never dealt with FNBO... are they inquiry sensitive? I have more than a few! Also, if anyone else has gotten this offer what was their starting credit line?

They are going to see them all they pull ARS/IDA and these 2 CRAs record all inqs by address.

Re: FNBO Amex 3.25%

Themanwhocan — Sat, 06 Jun 2015 18:50:11 GMT

Read this article about the FNBO prime for life card. There are some gotchas.

http://www.magnifymoney.com/blog/consumer-watchdog/first-national-bank-omaha-prime-for-life/

Re: FNBO Amex 3.25%

Anonymous — Sat, 06 Jun 2015 18:54:38 GMT

F fnbo...declined me for their limited time offer with 2 new accounts and 3 inquiries and a score of 802 for too many inquiries

I agree with the article that the af and ridiculous transfer fees will kinda kill this especially since I see them giving like 2-3000 SLs

Re: FNBO Amex 3.25%

leoment — Sat, 06 Jun 2015 20:14:04 GMT

Unless you carry that large of a balance all the time, this card isn't worth it over the 6.25% one from FNBO. At least with that one there's no AF, and you earn 1.5% cashback on it.

Re: FNBO Amex 3.25%

Anonymous — Sun, 07 Jun 2015 14:50:59 GMT

I think I am going to pass, if the offer came without the annual fee then I would apply.

Re: FNBO Amex 3.25%

joedtx — Thu, 19 May 2016 02:19:58 GMT

I received an offer the 3.25% with an $89 fee. Thoughts?

I get offers from FNBO often but hadn't seen this one?

Re: FNBO Amex 3.25%

Anonymous — Thu, 19 May 2016 02:31:04 GMT

@joedtx wrote:
I received an offer the 3.25% with an $89 fee. Thoughts?

I get offers from FNBO often but hadn't seen this one?

I guess it depends on how much you would use the card if an $89 annual fee would be worth it. Hopefully someone else will come along and do the math on this

Re: FNBO Amex 3.25%

joedtx — Thu, 19 May 2016 02:48:56 GMT

@Anonymous wrote:
@joedtx wrote:
I received an offer the 3.25% with an $89 fee. Thoughts?

I get offers from FNBO often but hadn't seen this one?
I guess it depends on how much you would use the card if an $89 annual fee would be worth it. Hopefully someone else will come along and do the math on this

There are old threads that touch on this it would be good to see some current feedback.

Re: FNBO Amex 3.25%

Anonymous — Thu, 19 May 2016 08:07:16 GMT

The math is still the same - if you were going to make a big purchase and carry the balance long-term anyway, and if you have no way of obtaining a 0% intro apr instead, the card can be worthwhile over a personal loan or other form of financing out there. Otherwise it's not a great deal.

-If you have to transfer a balance, the 5% fee kills all value

-if you don't have a balance at all, you are paying the hefty annual fee for nothing

Combine this with a likely low CL and it's hard to imagine the card working out for you.

Regarding FNBO as a lender, I've always gotten good service from them, user-friendly website/app, SP CLIs and free Experian bankcard score. Solid!

Re: FNBO Amex 3.25%

takeshi74 — Thu, 19 May 2016 14:35:36 GMT

@joedtx wrote:
are old threads that touch on this it would be good to see some current feedback.

Same basic info applies. Don't just assume that older information is no longer relevant. Even without feedback it's up to you to determine if any card is a good fit for you. You have the info. Do the math to help you decide.

What are you specifically looking for from a new card or are you just responding to an offer? What are your specific questions regarding this card?

Re: FNBO Amex 3.25%

galahad15 — Thu, 19 May 2016 15:54:54 GMT

I haven't received the 3.25% V APR offer from FNBO, but even I hypothetically did, I wouldn't bite, b/c for me the AF is a no-go. I do have the 6.50% V card with 1.5% cashback rewards and with no AF, that I am very happy with...as another poster on the thread mentioned, if I had a choice between the 2, I would choose the latter, again because of no AF plus rewards. (I read an article a while back online that said something to the effect of if you mathematically compute what the AF would be for the the 3.25% V card in terms of equivalent interest, the APR of 3.25+AF becomes quite a bit higher than just the advertised 3.25% V rate, which is why I wouldn't be interested in it.)