topic Re: My first pre-approved CC in years in Credit Cards

My first pre-approved CC in years

mt2va — Wed, 03 Jun 2009 10:56:59 GMT

I received my first pre-approved CC offer in years in the mail yesterday. Its from First Premier. I know they are a sub-prime lender, but looking over the terms its not quite as harsh as the usual ones I've seen online from them.

I finally have my first 2 CC (from CU) reporting. I'm assuming there is not benefit at all to signing up for this pre-approved card? Once I start growing my 2 CC & my score continues to improve I'm assuming I will attract other prime type lenders and/or maybe some store cards?

Re: My first pre-approved CC in years

Anonymous — Wed, 03 Jun 2009 11:12:41 GMT

Congrates on getting the offer even though it is FP. I remember when I got a few offers in the mail after BK, I didn't care who it was from it was just nice to get offers. Having said that, I would stay far away from FP bank. They truly are the bottom feeders of the credit world. You apparently have a CU card so stick with that, the better offers will come in time. Anyway, just my advice.

Re: My first pre-approved CC in years

mt2va — Wed, 03 Jun 2009 11:15:18 GMT

Thanks that is pretty much my plan but wanted to be sure I hadn't overlooked some un-known benefit. Yeah it is exciting that someone thinks I'm finally good enough for credit even if it is one of the sub-prime folks.

Re: My first pre-approved CC in years

BungalowMo — Wed, 03 Jun 2009 13:24:44 GMT

@mt2va wrote:
Thanks that is pretty much my plan but wanted to be sure I hadn't overlooked some un-known benefit. Yeah it is exciting that someone thinks I'm finally good enough for credit even if it is one of the sub-prime folks.

I know how that feels. About 4 years back I got my first pre-approval in years. I think the interest was something like 19% on some bank visa something-or-other. I didn't accept it, but it still made me feel good to get it.As I started paying things off & cleaning things up, one of my current cards was at something like 7.49 til prime went back up

Re: My first pre-approved CC in years

Anonymous — Wed, 03 Jun 2009 14:36:33 GMT

@mt2va wrote:
my score continues to improve I'm assuming I will attract other prime type lenders and/or maybe some store cards?

You betcha you will.I went from receiving nothing a year ago to receiving pre approval weekly.

Re: My first pre-approved CC in years

Anonymous — Wed, 03 Jun 2009 16:22:31 GMT

I got one from Premier on line and one from Orchard. Nothing decent.

Re: My first pre-approved CC in years

Anonymous — Wed, 03 Jun 2009 16:43:54 GMT

@Anonymous wrote:
Congrates on getting the offer even though it is FP. I remember when I got a few offers in the mail after BK, I didn't care who it was from it was just nice to get offers. Having said that, I would stay far away from FP bank. They truly are the bottom feeders of the credit world. You apparently have a CU card so stick with that, the better offers will come in time. Anyway, just my advice.

Congrats on getting the offer..............................BUT I think dizbuster summed it up perfectly, you don't want to get in bed with these crooks. Better offers will come with less fee's etc. Good luck

King

Re: My first pre-approved CC in years

tray — Wed, 03 Jun 2009 21:25:23 GMT

Hi, congratulations on the thought of the pre-approval, but do not request the card you will regret it in the end, they are an EXTREME nightmare of a credit card company. Good Luck on more offers.