topic Re: First Premier Bank - CLI possible? in Credit Cards

First Premier Bank - CLI possible?

pritchardhallhokie — Wed, 20 Oct 2010 12:24:28 GMT

I currently have two FP Bank cards, one gold and one platinum. My total credit limit for the two is around 600 bucks and I want to increase the CL on one or both. I called them and they said they would have to pull my credit to check for this. Is it possible to get a CLI through First Premier with a soft pull? Does a back door number work for this and if so, does anyone have one?

THANK YOU!!!!

Re: First Premier Bank - CLI possible?

Sparkz1920 — Wed, 20 Oct 2010 13:08:24 GMT

They auto CLI me i think two months ago. I was stuck at 250 for about a year, now its 450. I think that might be the only way you will get a soft pull is if they take it upon themselves to CLI you

Re: First Premier Bank - CLI possible?

FicoScore626 — Wed, 20 Oct 2010 14:33:26 GMT

If you request a credit line increase they'll do a hard pull AND charge a $25 fee.

Re: First Premier Bank - CLI possible?

tray — Wed, 20 Oct 2010 14:45:12 GMT

I say let this card ride, don't stress yourself on a cli when your scores are higher ditch this bank, this bank is a money seeker in regards to fees and will not grow with you.

Re: First Premier Bank - CLI possible?

FicoScore626 — Wed, 20 Oct 2010 14:51:40 GMT

It offers VERY, VERY limited growth at a very heavy price. My credit line went from $250 to $350 and it cost me $25 and a hard pull. I imagine if I ever get the credit limit up to $1000 it's going to cost me 7 hard pulls and $175 in fees.

Re: First Premier Bank - CLI possible?

Pushto700 — Wed, 20 Oct 2010 16:22:02 GMT

@tray wrote:
I say let this card ride, don't stress yourself on a cli when your scores are higher ditch this bank, this bank is a money seeker in regards to fees and will not grow with you.

+1 ^^^^^ could not be more correct. Use this card for what it is worth, then ditch them quck fast and in a hurry once better offers (even one - Cap One has a preapproval link on thier site, only a soft pull initially to see if any offers apply to you) come........

https://cardfinder.capitalone.com/CapOne/findMyOffer.do?ex=R&pr=&id=&tg=55&pnt=ZUNS11ZZZZZZZZZZZZZZ&ch=UNS&wtg=11

Re: First Premier Bank - CLI possible?

Anonymous — Wed, 20 Oct 2010 17:42:26 GMT

@tray wrote:
I say let this card ride, don't stress yourself on a cli when your scores are higher ditch this bank, this bank is a money seeker in regards to fees and will not grow with you.

Another +1 from me.

Re: First Premier Bank - CLI possible?

Anonymous — Wed, 20 Oct 2010 17:45:59 GMT

Does First Premier still charge 50% fee for a CLI?

Re: First Premier Bank - CLI possible?

Anonymous — Wed, 20 Oct 2010 21:51:33 GMT

@Anonymous wrote:
Does First Premier still charge 50% fee for a CLI?

I believe they do. I requested a CLI back in April and was charged 50%. CL went from $250 to $375 and I was charged a $75 fee along with a hard pull to EQ.

Re: First Premier Bank - CLI possible?

Anonymous — Fri, 22 Oct 2010 00:33:23 GMT

It costs "up to" 50% of the increase. The maximum increase is $125 once a year.

So if you haven't had an increase and you have had the card for 2 years $250 would be possible but that's the only way!

By that time you have paid them more than $125 in yearly fees + the cost of the increase

When I had them they never hard pulled for an increase, but they will refuse to give you the $125 increase if you have had an increase in the last year, or your account is less than 6 months old.

Re: First Premier Bank - CLI possible?

pritchardhallhokie — Fri, 22 Oct 2010 01:11:14 GMT

Thanks for the replies as always. For some reason, I have a totally different experience with First Premier. I don't have the 50% CLI fee, I only have to pay $50 if approved. Also, for example, so many people talk about these high interest rates, I simply have a 9% APR. Maybe I'm super lucky?!?!

Re: First Premier Bank - CLI possible?

Anonymous — Fri, 22 Oct 2010 06:07:02 GMT

sounds like 50% to me , they only charge you 9% because they nail you with a one time program fee, a monthly fee ($8), a yearly fee ($75) and the 9% interest!

In the end they risk nothing because your borrowing your own money

Their program is setup where no matter what, even if you don't pay in the future they lose nothing.

It's like having a secured card that you'll never get your deposit back.

Their new cards are 59.9% because they can no longer load your card with fees that consume more than 50% of the initial credit limit.

Re: First Premier Bank - CLI possible?

Pushto700 — Fri, 22 Oct 2010 20:23:56 GMT

@Anonymous wrote:
sounds like 50% to me , they only charge you 9% because they nail you with a one time program fee, a monthly fee ($8), a yearly fee ($75) and the 9% interest!
In the end they risk nothing because your borrowing your own money

Their program is setup where no matter what, even if you don't pay in the future they lose nothing.

It's like having a secured card that you'll never get your deposit back.

Their new cards are 59.9% because they can no longer load your card with fees that consume more than 50% of the initial credit limit.

These cards are INSANE. With the amount of ticky tack fees, program fee requirements, and rare increases. One would be much much wiser getting a secured card and rebuilding with their own $$$

Re: First Premier Bank - CLI possible?

Anonymous — Fri, 22 Oct 2010 21:28:38 GMT

Pushto700 wrote: These cards are INSANE. With the amount of ticky tack fees, program fee requirements, and rare increases. One would be much much wiser getting a secured card and rebuilding with their own $$$

Very good point!

Re: First Premier Bank - CLI possible?

Pushto700 — Sat, 23 Oct 2010 00:23:33 GMT

@Anonymous wrote:
Pushto700 wrote: These cards are INSANE. With the amount of ticky tack fees, program fee requirements, and rare increases. One would be much much wiser getting a secured card and rebuilding with their own $$$
Very good point!

When I had very little understanding of "good credit", I very nearly fell for offers as such not realizing the bind I may end up in owing these people for their ridiculous fees....no offense to anyone who has used them and moved on or are in repair now. It's just the money you pay them for the fees, etc...you could save that same money or add (as some creditors do) on a rolling credit line to increase the limit and see the same (if not better) results....and we would probably be more diligent because we know we are playing with our own cash that we would want back when it (a secured agreement) is said and done.