topic Interesting FNBO mailer today in Credit Cards

Interesting FNBO mailer today

Anonymous — Tue, 12 Jan 2021 23:34:34 GMT

So today I got a mailer from FNBO for their Prime Visa card. I got one for a different card back in late fall and didn't bite. This is my second solicitation from them.

The selling point on this card is the fact that the APR is equal to the prime rate, not "prime rate plus" like other cards. No rewards are mentioned but an interest rate like that kind of negates the need when one has plenty of other cards that earn. It does offer some fairly standard perks like purchase protection, travel and emergency assistance, accident insurance, and car rental insurance.

I'm not sure about going for this one simply because past threads have mentioned that they're not crazy about recent accounts and I have a Navy card that's less than a month old and my Amex Platinum was opened in the first half of November. However, such a crazy low rate would make it a great card for carrying a balance for a bit here or there and I've heard their limits and growth potential can be quite good.

No wording regarding preapproval or prequalification but since it came with an access code and a reservation number along with an expiration date for the offer, I'm assuming that's their version of it.

Anyone else receive this mailer and go for it? How did it turn out?

Re: Interesting FNBO mailer today

CreditCuriosity — Tue, 12 Jan 2021 23:38:04 GMT

assume that card has the AF as well which makes up for the PRIME apr? Usually if you get a mailer from FNBO you are good to go, but FNBO has been new account/inquiry sensitive with that said I got an FNBO card before and I am far from a gardening role model and wasn't targeted that was for Duck Unlimited 5% gas card that they have though.

Re: Interesting FNBO mailer today

TheFIGuy — Tue, 12 Jan 2021 23:39:10 GMT

@Anonymous I'll take it if you don't use it!? JK. I searched the high seas and back for a backdoor way into FNBO for their rewards credit card. I'm in the USA, CA, and they don't offer products to us west coasters.

Re: Interesting FNBO mailer today

Anonymous — Tue, 12 Jan 2021 23:44:40 GMT

@CreditCuriosity wrote:
assume that card has the AF as well which makes up for the PRIME apr? Usually if you get a mailer from FNBO you are good to go, but FNBO has been new account/inquiry sensitive with that said I got an FNBO card before and I am far from a gardening role model and wasn't targeted that was for Duck Unlimited 5% gas card that they have though.

Lol I hear you - when it comes to gardening I flat out suck at it. Yes the card has an $89 AF.

Re: Interesting FNBO mailer today

Anonymous — Tue, 12 Jan 2021 23:46:09 GMT

@TheFIGuy wrote:
@Anonymous I'll take it if you don't use it!? JK. I searched the high seas and back for a backdoor way into FNBO for their rewards credit card. I'm in the USA, CA, and they don't offer products to us west coasters.

I was curious about that too when I got my first mailer since I'm FAR out of their geofence over here in NY. It was explained to me that a targeted mailer supersedes the normal geo-limitations and is the way in for those of us outside their normal operating region. Hopefully you'll get one soon!

Re: Interesting FNBO mailer today

TheFIGuy — Tue, 12 Jan 2021 23:52:00 GMT

I was curious about that too when I got my first mailer since I'm FAR out of their geofence over here in NY. It was explained to me that a targeted mailer supersedes the normal geo-limitations and is the way in for those of us outside their normal operating region. Hopefully you'll get one soon!

That would be nice, but I can only assume negative on receiving one. I have the "exclude me from promotional offers" on my credit reports. I am one of those data hypersensitive people. My job will do that to you, lol.

Re: Interesting FNBO mailer today

K-in-Boston — Wed, 13 Jan 2021 00:02:27 GMT

I've received a mailer for that card many times over the past 5 years. The annual fee really negates the value of it other than bragging rights. If one can qualify for the card, they can likely qualify for a balance transfer card that would save even more on interest (unless you for example carry a $20,000 or higher balance over the course of a year when compared to a typical 0% with 3% fee card). If looking at carrying a very occasional short term balance, the math comes into play. Let's say you carried $1000 for three months twice a year, you'd pay about $105 in interest and annual fee. Put the same amounts on a 2% card at 15% APR, and you'd pay about $75 in interest but also would have earned $40 in cash back, effectively $35 to float a grand for 3 months twice in a year.

So it really only makes sense if you don't have balance transfer offers or you would be carrying fairly large balances for short periods of time.

Re: Interesting FNBO mailer today

Credit12Fico — Wed, 13 Jan 2021 00:36:22 GMT

That ultra low prime rate is way more lucrative than a $95 annual fee if you are planning to carry a large balance long term of out of neccesity.

Re: Interesting FNBO mailer today

Remedios — Wed, 13 Jan 2021 00:38:01 GMT

I wonder what made them go mass mailer route.

I got one that's geared towards single BT (I think it was something like 6.99% for the life of BT, then nothing), and I found that to be silly. Like, what do you do with it later 🤷‍♀️

Re: Interesting FNBO mailer today

Jnbmom — Wed, 13 Jan 2021 00:44:34 GMT

@Anonymous

That's the exact offer I got, went for it approved instantly 14K they pulled Exp and apparently don't mind inquiries 😂😂

Re: Interesting FNBO mailer today

K-in-Boston — Wed, 13 Jan 2021 00:59:13 GMT

@Remedios wrote:
I wonder what made them go mass mailer route.
I got one that's geared towards single BT (I think it was something like 6.99% for the life of BT, then nothing), and I found that to be silly. Like, what do you do with it later 🤷‍♀️

Put it in the sock drawer and then feel guilty every time you think about closing it because it really helped you out when you needed it even though it is otherwise completely useless. Speaking for "a friend" who may have picked up a NASA FCU card with a similar offer in 2015.

Re: Interesting FNBO mailer today

Remedios — Wed, 13 Jan 2021 01:24:31 GMT

@K-in-Boston wrote:
@Remedios wrote:
I wonder what made them go mass mailer route.
I got one that's geared towards single BT (I think it was something like 6.99% for the life of BT, then nothing), and I found that to be silly. Like, what do you do with it later 🤷‍♀️

Put it in the sock drawer and then feel guilty every time you think about closing it because it really helped you out when you needed it even though it is otherwise completely useless. Speaking for "a friend" who may have picked up a NASA FCU card with a similar offer in 2015.

Yeah, I'd lose sleep for months over it

Re: Interesting FNBO mailer today

Anonymous — Wed, 13 Jan 2021 01:44:02 GMT

I feel so left out. Everyone is getting these mailers except me and I'm actually in FNBO's geofence 😂

Re: Interesting FNBO mailer today

TheFIGuy — Wed, 13 Jan 2021 01:53:24 GMT

@Anonymous I'm thinking about giving them a call and seeing if they will take me

Re: Interesting FNBO mailer today

ChargedUp — Wed, 13 Jan 2021 01:55:42 GMT

@Anonymous wrote:
I feel so left out. Everyone is getting these mailers except me and I'm actually in FNBO's geofence 😂

They have something called FNBO Direct that seems to drop the geo-fence. Only thing is, you have to open a checking or savings to get at the 2% credit card.

Re: Interesting FNBO mailer today

Anonymous — Wed, 13 Jan 2021 01:58:18 GMT

@TheFIGuy wrote:
@Anonymous I'm thinking about giving them a call and seeing if they will take me

I'm not really interested in their cards all that much, I just would like an offer 😂

Re: Interesting FNBO mailer today

Anonymous — Wed, 13 Jan 2021 02:00:00 GMT

@ChargedUp wrote:
@Anonymous wrote:
I feel so left out. Everyone is getting these mailers except me and I'm actually in FNBO's geofence 😂
They have something called FNBO Direct that seems to drop the geo-fence. Only thing is, you have to open a checking or savings to get at the 2% credit card.

Their checking isn't too bad an offer. .25% APY with no fees is better than most banks. In fact I think it beats every checking account I have right now.

Re: Interesting FNBO mailer today

TheFIGuy — Wed, 13 Jan 2021 02:00:03 GMT

@Anonymous Don't want MODS to come swooping in, but I eyed the 2% cash-back business Credit Card and wanted to apply for it. Okay, I promise that's all the business talk!

Re: Interesting FNBO mailer today

coldfusion — Wed, 13 Jan 2021 02:05:35 GMT

@ChargedUp wrote:
@Anonymous wrote:
I feel so left out. Everyone is getting these mailers except me and I'm actually in FNBO's geofence 😂
They have something called FNBO Direct that seems to drop the geo-fence. Only thing is, you have to open a checking or savings to get at the 2% credit card.

FNBO Direct isn't geofenced but as I understand it having one of their products doesn't provide a back door to the core FNBO portfolio.

Re: Interesting FNBO mailer today

coldfusion — Wed, 13 Jan 2021 02:08:50 GMT

@TheFIGuy wrote:
@Anonymous Don't want MODS to come swooping in, but I eyed the 2% cash-back business Credit Card and wanted to apply for it. Okay, I promise that's all the business talk!

MODS!!!!!

I don't think anyone will get their nose bent out of shape about a single comment, as long as the thread doesn't get sidetracked.

If I'm wrong my Sifu will take me out behind the woodshed.