topic Re: First Premier Rocks!!!! in Credit Cards

First Premier Rocks!!!!

Anonymous — Thu, 06 Oct 2011 15:31:46 GMT

My Fiance received an AWESOME offer from First Premier yesterday!!! Her credit is average, good payment history, 1 charge off, a VERY generous 5k limit NFCU card (THOSE guys rock) and is an AU on both my Amex Blue and Premier Gold Rewards.

So check this deal out!! It starts off sweet and only gets better!!

Pre-approved!!! W/ a limit of $700.00 dollars!

A very reasonable annual fee of $175.00 (like my gold amex!) for the first year, $49.00 dollars thereafter.

The monthly servicing fee is waived for the first year!!! Thereafter, again an extremely reasonable $174.00 dollars.

So, the first year we only have to pay 175.00, and then the following years we only have to pay $223.00 per year for the privilege of using their card!!

And the APR you ask? Why, nothing short of an ASTOUNDING 36.00%!!!!

We really can't wait to start using this card; We've made it!!!!!!!!!!!!!!!!!

Re: First Premier Rocks!!!!

Anonymous — Thu, 06 Oct 2011 15:33:00 GMT

Haha! See, dreams DO come true.

Re: First Premier Rocks!!!!

Boonie — Thu, 06 Oct 2011 15:36:38 GMT

Sarcasm noted....

Re: First Premier Rocks!!!!

CS800 — Thu, 06 Oct 2011 15:45:03 GMT

One only wonders what kind of crack FP is on sometimes when they send pre approvals.

Re: First Premier Rocks!!!!

Anonymous — Thu, 06 Oct 2011 15:43:49 GMT

Seriously, if anyone has gotten a similar "offer", please don't even consider this predatory crap. There are much better starter cards; I started w/ a 200.00 secured orchard card w/ a 49.00 annual fee (still have it actually).

Having and establishing "credit" is not worth those outlandish prices.

Re: First Premier Rocks!!!!

llecs — Thu, 06 Oct 2011 15:44:42 GMT

FP just about rounds out a superb CC portfolio. Add a couple more and you're in the big time.

Re: First Premier Rocks!!!!

tcbofade — Thu, 06 Oct 2011 15:47:48 GMT

Oh heck, we can do better than that...once upon a time, FP sent my Mrs. a preapproval at 59.99 percent....I kept the preappoval and wanted to frame it, but she wouldn't let me...

Re: First Premier Rocks!!!!

Walt_K — Thu, 06 Oct 2011 15:52:18 GMT

Beware defamation lawsuit from NFCU for giving their services the same evaluation as those of FP.

Re: First Premier Rocks!!!!

Anonymous — Thu, 06 Oct 2011 16:03:59 GMT

LOL!!!!!!

Re: First Premier Rocks!!!!

Creditaddict — Thu, 06 Oct 2011 17:47:11 GMT

LOL, I saw the title of this post and I was like OMG someone has been drinking and applying for credit!!!

Re: First Premier Rocks!!!!

Anonymous — Thu, 06 Oct 2011 18:03:56 GMT

There was a point in the past where I actually considered on getting this card to build my credit... I'm happy I didn't... oh, and they were offering me a $500.00 line

Re: First Premier Rocks!!!!

nuggets321 — Fri, 07 Oct 2011 01:53:00 GMT

I was thinking EXACTLY the same thing... I almost kinda believed it at first... thanks for the good chuckle after the rough day...

Re: First Premier Rocks!!!!

Anonymous — Fri, 07 Oct 2011 05:51:00 GMT

I get pre-approvals from them randomly...

I get all offended by them and destroy them immediately. I've never had anything negative on my credit, and my FICOs are 770s and up. Even the slightest idea they pulled a PRM soft on me is offensive.

Re: First Premier Rocks!!!!

Anonymous — Thu, 13 Oct 2011 16:44:47 GMT

LOL First Premier is OUT of their mind! ... I can say that two years ago they really did help me rebuild my credit LOL .. Back then the apr was 9.99% annual fee $48.

Now when you try to apply it's like you're seriously reading a joke !... If anyone chooses this FP card over Cap One Secured Card or Orchard I don't even know what to say LOL ... 59.99% APR ... is is that even LEGAL??!?!?!? lol .. and they take all of those fees off the top ..

the Bad thing is that people who really don't know any better like me many many moons ago would probably be like oh that's not tooooooooooooo bad LOL LOL

Re: First Premier Rocks!!!!

LS2982 — Thu, 13 Oct 2011 16:53:28 GMT

The point of getting a FP card is to REBUILD credit. Starting off smart. The APR should be a non-factor at all times with them as you should PIF every month. They don't grant high limits so PIF should be attainable every month.

The fee's are a bit much but the only real fees (2) you'll get hit with if your smart is the AF and making payments over the phone if you choose so. Axe the card after the 1st year so you will have 10 yrs of reporting and you will not be hit with a monthly fee or another AF.

It's part of the rebuilding process. If you use their card smart you'll be just fine.

Re: First Premier Rocks!!!!

CreditCrusader — Thu, 13 Oct 2011 16:55:06 GMT

Here's what honks me off the most...

Back in the day...when they offered a slightly over-priced product, but generally a decent rebuilder...they would start you off with a $300 limit...charge you a modest AF...and if you PIF each month, t was a relatively low-priced option.

Now, they have jacked up the "credit limit" to $700...thus making it appealing to those who don't have the best of credit. These people probably figure "Oh heck, sure they charge me a ton of yearly/monthly fees, but I still have $525 left on my card, right?

WRONG...now you have $175 of built in debt with 25% utilization...before you ever use the card or make a payment. And unless you pay off the front-loaded balance, you are socked for 3% interest EACH MONTH!

Run, run, run for the hills before you get this card, folks! Heck, even Credit One Bank is exponentially better than these creeps. At least their interest is in the 20s along the lines of store credit cards...and they spread out their much smaller AF, which works better for those who charge and pay each month.

Re: First Premier Rocks!!!!

Anonymous — Thu, 13 Oct 2011 16:56:29 GMT

@LS2982 wrote:
The point of getting a FP card is to REBUILD credit. Starting off smart. The APR should be a non-factor at all times with them as you should PIF every month. They don't grant high limits so PIF should be attainable every month.

The fee's are a bit much but the only real fees (2) you'll get hit with if your smart is the AF and making payments over the phone if you choose so. Axe the card after the 1st year so you will have 10 yrs of reporting and you will not be hit with a monthly fee or another AF.

It's part of the rebuilding process. If you use their card smart you'll be just fine.

I know its a rebuilder card but the annual fee alone to me is outrageous and I belive there is also a application fee

Re: First Premier Rocks!!!!

Anonymous — Thu, 13 Oct 2011 16:59:02 GMT

FP is very misleading but like someone previously said the main reason is to rebuild your credit. Unfortunately for someone who isn't really serious about doing so and just want credit they will be really shocked and pissed off with all the fees because they don't read the fine print.

I still have my FP card and I very rarely use it.. possibly for gas or groceries.... I just hate that I have to pay 8 dlrs a month to even have the card ... I want to get rid of it but I don't know .. I want to at least hit the 3 year mark of having the card.

Re: First Premier Rocks!!!!

Anonymous — Thu, 13 Oct 2011 17:00:48 GMT

@Anonymous wrote:
@LS2982 wrote:
The point of getting a FP card is to REBUILD credit. Starting off smart. The APR should be a non-factor at all times with them as you should PIF every month. They don't grant high limits so PIF should be attainable every month.

The fee's are a bit much but the only real fees (2) you'll get hit with if your smart is the AF and making payments over the phone if you choose so. Axe the card after the 1st year so you will have 10 yrs of reporting and you will not be hit with a monthly fee or another AF.

It's part of the rebuilding process. If you use their card smart you'll be just fine.

I know its a rebuilder card but the annual fee alone to me is outrageous and I belive there is also a application fee

There is an application Fee and there are also fees if you want a CLI ! lol. I got hit earlier this year with a $38 dlr fee for my $150 increase

Re: First Premier Rocks!!!!

Anonymous — Thu, 13 Oct 2011 21:01:47 GMT

@Creditaddict wrote:
LOL, I saw the title of this post and I was like OMG someone has been drinking and applying for credit!!!

LOL!!! That's exactly what I thought too---