topic Re: Called to close First Premier - CLI and fees waived in Credit Cards

Called to close First Premier - CLI and fees waived

jayjayhawaii — Thu, 06 Sep 2018 20:01:11 GMT

So I shredded my First Premier Bank cc a few months ago because I never use it - It was a good option when my scores were in the mid 500s, but no more.

$35 AF, $6 monthly fee, 25% CLI fee and 36% APR, all wrapped in a flimsy, hideously looking orange card.

Called to cancel today, one month before AF hits. Got all fees waived for a year and a $500 CLI with the 25% fee waived. They're also sending me a new non-shredded one for free. I'll keep it in my trunk with my spare tire as an emergency 'left-my-wallet-at-home' card and utilization filler for now ¯\_(ツ)_/¯

Re: Called to close First Premier - CLI and fees waived

SweetCreditObsession — Thu, 06 Sep 2018 20:50:33 GMT

Impressive! How long had you had the card?

Re: Called to close First Premier - CLI and fees waived

Anonymous — Thu, 06 Sep 2018 21:45:48 GMT

👍 just leave that thing in the trunk....better yet take it straight to the shredder with the other one😜

Just jk around....but in all seriousness do NOT get indebted to those ppl FP is a 'jump-off' not the long term marrying type you want to get stuck with....

Go ahead and 'use' 'em for the new CL and the additional credit available% and the aging but seek her 'replacement' before you mess around and get 'that' one pregnant one night and be 'stuck' with her 😌

Re: Called to close First Premier - CLI and fees waived

Medic981 — Thu, 06 Sep 2018 21:52:28 GMT

@Anonymous wrote:
👍 just leave that thing in the trunk....better yet take it straight to the shredder with the other one😜

Just jk around....but in all seriousness do NOT get indebted to those ppl FP is a 'jump-off' not the long term marrying type you want to get stuck with....

Go ahead and 'use' 'em for the new CL and the additional credit available% and the aging but seek her 'replacement' before you mess around and get 'that' one pregnant one night and be 'stuck' with her 😌

Nah, you can always get rid of your baby momma. You will just be paying child support until your baby graduates.

Re: Called to close First Premier - CLI and fees waived

Anonymous — Thu, 06 Sep 2018 22:02:50 GMT

25% CLI fee? What a great incentive to never get that card. AF and a Monthly Fee? Two more great incentives to never get that card. When my scores were in the 500's I used secured cards with no AF. At least when I closed them (or before if they made the acount unsecured) I got my money back.

There is a difference between desperate and crazy, and I think First Premier just found the line between them.

Re: Called to close First Premier - CLI and fees waived

Jnbmom — Thu, 06 Sep 2018 22:06:50 GMT

I still would have cancelled😒

Re: Called to close First Premier - CLI and fees waived

jayjayhawaii — Thu, 06 Sep 2018 22:22:56 GMT

@Anonymous wrote:
👍 just leave that thing in the trunk....better yet take it straight to the shredder with the other one😜

Just jk around....but in all seriousness do NOT get indebted to those ppl FP is a 'jump-off' not the long term marrying type you want to get stuck with....

Go ahead and 'use' 'em for the new CL and the additional credit available% and the aging but seek her 'replacement' before you mess around and get 'that' one pregnant one night and be 'stuck' with her 😌

I once left my wallet at home and didn't realize until my gas tank was at below the red marker.

After scouring my car seats for change, I went inside the gas station and politely asked them to put $0.67 cents on number 3.
Util filling and avoiding the above are the only things a trunk dwelling First Premier CC is good for.

Re: Called to close First Premier - CLI and fees waived

Anonymous — Thu, 06 Sep 2018 22:28:04 GMT

wrote:
I still would have cancelled😒

Yep, next time stand your ground and just say no, it is still useless rewards wise and another card to keep track and worry about when the year comes around. Plus it's bad for your soul having a predatory card in your wallet/purse/trunk.

Re: Called to close First Premier - CLI and fees waived

jayjayhawaii — Thu, 06 Sep 2018 22:28:20 GMT

@Anonymous wrote:
25% CLI fee? What a great incentive to never get that card. AF and a Monthly Fee? Two more great incentives to never get that card. When my scores were in the 500's I used secured cards with no AF. At least when I closed them (or before if they made the acount unsecured) I got my money back.

There is a difference between desperate and crazy, and I think First Premier just found the line between them.

Yep. $75 initiation fee, then $35 annual fee. After year two, they slap on a $6 monthly fee. But my favorite is the 25% fee. "We appreciate your business and would like to reward you with a $200 CLI for a small fee of $50."

Lesson learned. If you have $200 in your bank account for a Disco or Cap1 secured, there are no good reasons to get a First Premier card. My hesitation with the secured cards was I didn't want money locked up in my oldest accounts if they were to never graduate. Disco and Cap1 have since both graduated my cards, and FBP along with Credit One are the only vulture cards I have left.

I'm calling Credit One next month to close. I'll see what they counteroffer.

Re: Called to close First Premier - CLI and fees waived

Medic981 — Thu, 06 Sep 2018 22:29:47 GMT

Just make sure you mark on several calendars your AF anniversary date and call before the fee is due next. That is what predatory credit lenders do, wait for you to miss your cancelation date and take advantage of people who have no other options.

Re: Called to close First Premier - CLI and fees waived

Anonymous — Thu, 06 Sep 2018 22:33:24 GMT

Don't think that we don't see the Credit One in your profile.

Re: Called to close First Premier - CLI and fees waived

Pikaboo-icu — Thu, 06 Sep 2018 22:34:29 GMT

@Anonymous wrote:
Don't think that we don't see the Credit One in your profile.

ROFL

Re: Called to close First Premier - CLI and fees waived

jayjayhawaii — Thu, 06 Sep 2018 22:44:55 GMT

@Medic981 wrote:
Just make sure you mark on several calendars your AF anniversary date and call before the fee is due next. That is what predatory credit lenders do, wait for you to miss your cancelation date and take advantage of people who have no other options.

Yea, having a 455 score was expensive. Part of my credit rebuilding journey have been extensive excel sheets detailing pretty much everything. I'm never paying them a(nother) dime.

Re: Called to close First Premier - CLI and fees waived

Anonymous — Thu, 06 Sep 2018 22:46:35 GMT

Sending 💰 TO a baby mama = being STUCK with her in my book😜

If you're sending a ✔ you ain't got 'rid' of nobody....you're paying for hay with no milk to show for it😌
#Avoid-in-the-1st-at-all-cost 🏃😂

Re: Called to close First Premier - CLI and fees waived

jayjayhawaii — Thu, 06 Sep 2018 22:55:20 GMT

@Anonymous wrote:
Don't think that we don't see the Credit One in your profile.

They're due for a phone call in October. I'll see if they counteroffer with a CLI and AF waiver and then debate whether or not it's worth tarnishing my MyFico signature for.

But this will remain hidden.

Re: Called to close First Premier - CLI and fees waived

Remedios — Thu, 06 Sep 2018 22:55:43 GMT

@Medic981 wrote:
@Anonymous wrote:
👍 just leave that thing in the trunk....better yet take it straight to the shredder with the other one😜

Just jk around....but in all seriousness do NOT get indebted to those ppl FP is a 'jump-off' not the long term marrying type you want to get stuck with....

Go ahead and 'use' 'em for the new CL and the additional credit available% and the aging but seek her 'replacement' before you mess around and get 'that' one pregnant one night and be 'stuck' with her 😌
Nah, you can always get rid of your baby momma. You will just be paying child support until your baby graduates.

This whole exchange is more cringeworthy than watching spiders feed

Re: Called to close First Premier - CLI and fees waived

Anonymous — Sat, 08 Sep 2018 03:32:33 GMT

1Definitely cancel this card it’s so expensive! I currently have this card. I’m at 71% util overall with a 0 balance on this card, but I can’t close it until I get util to 8%. I’m tempted to call and cancel to see if they will at least waive the fees. You have a better deal than I do. I have a $12 fee per month with no balance. Smh 🤭

Re: Called to close First Premier - CLI and fees waived

jayjayhawaii — Sat, 08 Sep 2018 00:12:20 GMT

@Anonymous wrote:
Definitely cancel this card it’s so expensive! I currently have this card. I’m at 77% util overall with a 0 balance on this card, but I can’t close it until I get util to 8%. I’m tempted to call and cancel to see if they will at least waive the fees. You have a better deal than I do. I have a $12 fee per month with no balance. Smh 🤭

What's your SL on the card and what's your total limit across all accounts?

Unless it makes up a big percentage of your total limit, it's not going to make a big impact on your utilization. I wanted my util. below 30% when canceling, but I wasn't going to pay an annual fee on a card I don't need for a 2% difference in util. I would call to cancel, more than likely they will counteroffer with a fee waiver and a CLI. It's a win win. If you get your fees waived and a CLI, it'll help your utilization and you won't be throwing money away at them. If they don't counteroffer, you're better off with one less vulture circling around you.

My $0.02.

Re: Called to close First Premier - CLI and fees waived

Anonymous — Sat, 08 Sep 2018 02:03:28 GMT

@jayjayhawaii wrote:
@Anonymous wrote:
Definitely cancel this card it’s so expensive! I currently have this card. I’m at 77% util overall with a 0 balance on this card, but I can’t close it until I get util to 8%. I’m tempted to call and cancel to see if they will at least waive the fees. You have a better deal than I do. I have a $12 fee per month with no balance. Smh 🤭
What's your SL on the card and what's your total limit across all accounts?

Unless it makes up a big percentage of your total limit, it's not going to make a big impact on your utilization. I wanted my util. below 30% when canceling, but I wasn't going to pay an annual fee on a card I don't need for a 2% difference in util. I would call to cancel, more than likely they will counteroffer with a fee waiver and a CLI. It's a win win. If you get your fees waived and a CLI, it'll help your utilization and you won't be throwing money away at them. If they don't counteroffer, you're better off with one less vulture circling around you.

My $0.02.

My starting limit was 500 and my limiti is 750 or 800 (I honestly can't remember). I'm going to call tomorrow, fingers crossed I can get a hold of someone to cancel, because you are absolutely right. My overall credit limits are about $20k and my utilization is 71%.

Re: Called to close First Premier - CLI and fees waived

jayjayhawaii — Sat, 08 Sep 2018 02:33:00 GMT

@Anonymous wrote:
@jayjayhawaii wrote:
@Anonymous wrote:
Definitely cancel this card it’s so expensive! I currently have this card. I’m at 77% util overall with a 0 balance on this card, but I can’t close it until I get util to 8%. I’m tempted to call and cancel to see if they will at least waive the fees. You have a better deal than I do. I have a $12 fee per month with no balance. Smh 🤭
What's your SL on the card and what's your total limit across all accounts?

Unless it makes up a big percentage of your total limit, it's not going to make a big impact on your utilization. I wanted my util. below 30% when canceling, but I wasn't going to pay an annual fee on a card I don't need for a 2% difference in util. I would call to cancel, more than likely they will counteroffer with a fee waiver and a CLI. It's a win win. If you get your fees waived and a CLI, it'll help your utilization and you won't be throwing money away at them. If they don't counteroffer, you're better off with one less vulture circling around you.

My $0.02.
My starting limit was 500 and my limiti is 750 or 800 (I honestly can't remember). I'm going to call tomorrow, fingers crossed I can get a hold of someone to cancel, because you are absolutely right. My overall credit limits are about $20k and my utilization is 71%.

If your util is 71% on 20k that means you're carrying $14,200 in balances. So let's the say the FPB card is $800, that makes your total credit limit $19,200. You could cancel the FPB card and your util would be 74% - A difference of 3%.