topic Re: First Premier in Credit Cards

First Premier

Anonymous — Sat, 20 Oct 2007 14:17:48 GMT

I've been with with first premier for over 2 years no lates and havent gone over the CL but they will not get me a CLI! Whay?

Re: First Premier

Anonymous — Sat, 20 Oct 2007 15:10:12 GMT

Do you make more than the min payment with them? They are big on more than min payments for a CLI.

My year with them is about to come to a close - and they offered me a second card (with all the fees) but not a CLI on my present card.

Funeral for them is Oct 23.... was thinking of shredding the card but have decided to keep for posterity (and as a reminder to use credt)

Message Edited by Lady_Scarlet on 10-20-2007 11:10 AM

Re: First Premier

Anonymous — Sat, 20 Oct 2007 14:54:52 GMT

I've noticed that a lot of people have specific dates for closing a subprime credit card. What is the reason for setting a specific date

I assume that the dates folks set are anniversary dates. Is it just to avoid the next yearly fee or is there some other reason?

Van

Re: First Premier

Anonymous — Sat, 20 Oct 2007 15:17:17 GMT

Actually, my statement just cut with them yesterday - already sent the payment via billpay and will close it as soon as it posts... the fees hit again in November but they report immediately as soon as they send the card (remember it comes activated and with the fees already charged) - so I just said 12 months reporting and it's gone - not wanting to hget even close to the date that the fees will hit.

Message Edited by Lady_Scarlet on 10-20-2007 11:17 AM

Re: First Premier

Anonymous — Sat, 20 Oct 2007 16:27:50 GMT

Vanyel wrote:
I've noticed that a lot of people have specific dates for closing a subprime credit card. What is the reason for setting a specific date
I assume that the dates folks set are anniversary dates. Is it just to avoid the next yearly fee or is there some other reason?

Van

Becuz- 4 ex - my one card that has an AF is due to charge the AF again ( one yr anniversary) in Feb- and I will close the card in Jan UNLESS they give me another CLI and waive the ENTIRE AF- or remove it altogther. I have tried to close the card three times- I apped for it before reading fine print- and was livid when I saw it had AF. I wouldn't activate it- they kept calling the house saying they report to all three CB simlutaneously- (they do and that is nice) but wouldnt activate I told them to get rid of fee- I thought they did but they only took off half- 35 I think it was- next statement when I got bill it still had 35- called up and tried to close card agin, they took off other 35- about two mos ago hadn't got any CLI w/ them, called and they didn't give it, called again and tried to close it they gave me automatic 500 bringing it to 1000 w/o a pull.

So that is why people have specific dates for closing cards. Hope it answered your questions.

Message Edited by netpanther on 10-20-2007 12:27 PM

Re: First Premier

Anonymous — Sat, 20 Oct 2007 17:23:00 GMT

Makes sense to me, I just wasn't sure if there was something I didn't know I didn't know.

Van

Re: First Premier

Anonymous — Sat, 20 Oct 2007 17:35:37 GMT

nope no secrets- the above is the reason why. and u have to be tough- cuz they will promise you in the beginning when you app/accept/activate that the next year you may not even be charged the fee cuz as a rebuilder you will have better credit by then-

but some have had it happen and some were just jerked around. that is why we have specific dates and if they don't meet what our goals are we will close them- but if they do what they promised, i.e. convert my card to one w/ no ann fee and a higher cred limit and yet keep the history then I will keep them.

I would say it is about 50/50 that they convert, and of course, if by your own blunders you didnt' bring up your credit scores then it is a diff. situation altogether.

Re: First Premier

haulingthescoreup — Sat, 20 Oct 2007 17:38:04 GMT

And you probably have already read this, but pretty much the ONLY credit cards that you ever want to close are those with fees. If they don't have fees but they're otherwise crappy, just throw them in the sock drawer and use them to buy a Slurpee twice a year to keep the account alive.

I keep looking at a closed gas card that still reports that was opened in 1987. We closed it because their service stations weren't very convenient. If only I had know then what I know now! I will miss that history when it falls off in a few more years...

Re: First Premier

Anonymous — Sat, 20 Oct 2007 17:44:54 GMT

haulingthescoreup wrote:
And you probably have already read this, but pretty much the ONLY credit cards that you ever want to close are those with fees. If they don't have fees but they're otherwise crappy, just throw them in the sock drawer and use them to buy a Slurpee twice a year to keep the account alive.

I keep looking at a closed gas card that still reports that was opened in 1987. We closed it because their service stations weren't very convenient. If only I had know then what I know now! I will miss that history when it falls off in a few more years...

Yes, thnx. 4 bringing that point up.

Re: First Premier

Anonymous — Sun, 21 Oct 2007 03:24:04 GMT

i did not know first premmier gave out that much of credit line dh has been stuck at 400 dollars for over a year. no increases and dh doe pay more than the min

Re: First Premier

Anonymous — Sun, 21 Oct 2007 05:13:43 GMT

We just Axed the Dw's Credit One.
Felt soooooooo good

Re: First Premier

Anonymous — Sun, 21 Oct 2007 05:21:56 GMT

Congrats Timothy. Time for celebrating

Re: First Premier

Anonymous — Sun, 21 Oct 2007 13:04:31 GMT

the first premier is my oldset credit card should I cancel it?

Re: First Premier

haulingthescoreup — Sun, 21 Oct 2007 15:46:21 GMT

@Anonymous wrote:
the first premier is my oldset credit card should I cancel it?

How old is it, and how old are the next three oldest cards?

If it's 10 years old, and your next oldest cards are all only 3-4 years old, your overall length of credit history and probably your average length of credit history would be hurt. But if you have a lot of other credit from around the same time, it might not hurt much, and if the fees are unreasonable, it might be a good decision.

It's just a math problem, and the more TL's you have, then generally the less impact one closing would have. Unless as I said, this one card is way older than anything else you have.

Re: First Premier

Anonymous — Mon, 22 Oct 2007 02:58:09 GMT

My first premier card is about 2 1/2 years old, Cap 1 about 6 months, A second Cap1 card about 1 month old, I just got approved for a HSBC CC.

Re: First Premier

Anonymous — Mon, 22 Oct 2007 16:59:55 GMT

Eat the fees until just before it is due to charge the annual fee again (gives you 3 years) - in the meantime the other one will age to 12 months and the new one to six months. You will keep it's age until 10 years after closing by which point all others will have aged.

Right now my second oldest is an Exxon, then home depot then JC Penney (all within 5 months) - so closing mine didn't hurt my 'age' at all (exxon was the same month). The gas and store cards I can keep forever (no fees on them) to nicely age my profile down the road.

Re: First Premier

phumanr — Mon, 22 Oct 2007 17:37:33 GMT

All,

I have fired 1st Premier, Credit One, Orchard Bank, and Tribute card -- I am glad to get rid of all those fees; however, it is well worth it to use these to rebuild if you can't get other cards.

Phumanr

Re: First Premier

haulingthescoreup — Mon, 22 Oct 2007 22:37:42 GMT

Hey, you use them when you need them, and when they have served their purpose, wave bye-bye!

Re: First Premier

NowIcare — Wed, 07 Nov 2007 00:56:02 GMT

I just closed this card today also felt so good to tell them to shove it. They offered to waive the AF but not the $6 dollar "servicing fee" I said no thanks please close...... Ha Ha Ha I guess they served their duty and helped me a ton (although it cost me alot) but time to move on to low apr and no AF WOOO HOOO

Re: First Premier

Anonymous — Wed, 07 Nov 2007 01:03:04 GMT

ROTFLOL

Same here - offered to waive the annual fee but not the $6/month (consider waiving that permanently and I "might" consider it). They even had the nerve to offer me a second card.

It felt so good to close that card - but it did serve its purpose so I really can't knock it.