topic Re: Time to drop First Premier??? in Credit Cards

Time to drop First Premier???

Anonymous — Tue, 07 Aug 2012 07:34:34 GMT

Opened First Premier account and Orchard in 11/2009 when nobody would give me credit. Since then I've cleaned up my credit quite a bit, and added the following cards:

Amex gold, npsl

Cap1 Cash Rewards $2000 cl

Wells Fargo $4000 cl

Discover more, $1200 cl

Orchard has a $700 cl, I'm gonna call to see if they'll increase to $1000.

First Premier $375 cl

Can anyone think of a reason to keep it?

Re: Time to drop First Premier???

-Cain- — Tue, 07 Aug 2012 07:06:28 GMT

Does it have an AF?

Personally, I'd close it. It will still report positive for 10 years, and when it drops your other cards will have aged with it.

Re: Time to drop First Premier???

creditnocash — Tue, 07 Aug 2012 07:14:31 GMT

@-Cain- wrote:
Does it have an AF?

Personally, I'd close it. It will still report positive for 10 years, and when it drops your other cards will have aged with it.

ok so im confused now.

if i close an account in good standing (0 balance)

it will still report and age? just like other open used accounts?

Re: Time to drop First Premier???

Anonymous — Tue, 07 Aug 2012 07:35:11 GMT

Yes there is an AF, $7/ month

Re: Time to drop First Premier???

j_casteel — Tue, 07 Aug 2012 07:51:38 GMT

That card has done it's job and helped you out. Now it is just costing you $84 a year to hang on to. I'd axe it for sure.

Re: Time to drop First Premier???

DeadSpider — Tue, 07 Aug 2012 07:51:49 GMT

Yes close the card you don't need it anymore and it will still report as good credit for 10 years.

Re: Time to drop First Premier???

j_casteel — Tue, 07 Aug 2012 07:52:54 GMT

@OlegWasHere wrote:
@-Cain- wrote:
Does it have an AF?

Personally, I'd close it. It will still report positive for 10 years, and when it drops your other cards will have aged with it.
ok so im confused now.
if i close an account in good standing (0 balance)
it will still report and age? just like other open used accounts?

yes, accounts closed in good standing will continue to report for up to 10yrs. I think there is a sticky on this subject.

Re: Time to drop First Premier???

LS2982 — Tue, 07 Aug 2012 10:18:53 GMT

@Anonymous wrote:
Opened First Premier account and Orchard in 11/2009 when nobody would give me credit. Since then I've cleaned up my credit quite a bit, and added the following cards:

Amex gold, npsl
Cap1 Cash Rewards $2000 cl
Wells Fargo $4000 cl
Discover more, $1200 cl

Orchard has a $700 cl, I'm gonna call to see if they'll increase to $1000.

First Premier $375 cl

Can anyone think of a reason to keep it?

Nope, Axe it and don't look back!

Re: Time to drop First Premier???

webhopper — Tue, 07 Aug 2012 12:01:55 GMT

Close it, its done its job!

Grats on your new cards!

Re: Time to drop First Premier???

codimom — Tue, 07 Aug 2012 16:26:53 GMT

I am in the "close it' camp as well. Save the $$ for the AF and enjoy the next 10 years of having it report positively on your reports.

Re: Time to drop First Premier???

tboy1977 — Tue, 07 Aug 2012 16:34:16 GMT

Ditch that bottom feeder now that you've got some heroes. Goodbye First Premier.

Re: Time to drop First Premier???

emptypockets — Tue, 07 Aug 2012 16:38:32 GMT

Drop it, no sense in paying fees for nothing.

Re: Time to drop First Premier???

Jlu — Tue, 07 Aug 2012 17:00:52 GMT

As Snoop Dogg so eloquently put it: "drop it like it's hot".

Re: Time to drop First Premier???

MarcinXP — Tue, 07 Aug 2012 17:18:36 GMT

Close it!!!!!! it's costing you $84 a year and I'm willing to be you are not even using it with the variety of cards you have now..heck you probably don't even carry it in your wallet. It's done it's job and it will be there for up to 10 years as good credit and history. Right now you are throwing $84 bucks a year away

Re: Time to drop First Premier???

MarineVietVet — Tue, 07 Aug 2012 17:19:47 GMT

@j_casteel wrote:
@OlegWasHere wrote:
@-Cain- wrote:
Does it have an AF?

Personally, I'd close it. It will still report positive for 10 years, and when it drops your other cards will have aged with it.
ok so im confused now.
if i close an account in good standing (0 balance)
it will still report and age? just like other open used accounts?
yes, accounts closed in good standing will continue to report for up to 10yrs. I think there is a sticky on this subject.

Closing Credit Cards

Re: Time to drop First Premier???

tboy1977 — Tue, 07 Aug 2012 17:21:35 GMT

+1 (preach and thank you!)

Re: Time to drop First Premier???

Anonymous — Sat, 11 Aug 2012 02:59:18 GMT

Thanks for the confirmation, I haven't used this card in about a year.

Re: Time to drop First Premier???

Anonymous — Sat, 11 Aug 2012 03:34:23 GMT

Be prepared to be offered no monthly fee for a year. I called last month to cancel and I just couldn't resist the offer. Now I'm gonna have to deal with them next year when I shoud have cut them out of my life. Stay strong, say "NO" and close it.

Re: Time to drop First Premier???

linux007969 — Mon, 13 Aug 2012 23:46:48 GMT

@Anonymous wrote:
Be prepared to be offered no monthly fee for a year. I called last month to cancel and I just couldn't resist the offer. Now I'm gonna have to deal with them next year when I shoud have cut them out of my life. Stay strong, say "NO" and close it.

I agree with KG, today I got an unsolisited pre approved offer from First Premier for a Platinum Mastercard with a $700 CL, $175 AF & $525 initial credit line.... That junk is going in da shredder for sure, I'm not falling for that scam! CLOSE those Scam Artists!!!

Re: Time to drop First Premier???

LS2982 — Mon, 13 Aug 2012 23:49:57 GMT

@Jlu wrote:
As Snoop Dogg so eloquently put it: "drop it like it's hot".

I believe that may be the "Hot Boys" kind sir.