topic Re: What Did I Do? FPB in Credit Cards

What Did I Do? FPB

KayMD — Wed, 19 Sep 2012 04:41:42 GMT

Call to cancel FPB today and they gave me a credit limit to prevent me from closing, I've had the card since I was 18 and in the last three years this card has gotten me all the cards I have today. What did I do? I really don't see FPB as a bad company has everyone says they are.

From $200 to $400.

American Express Zync Card: $595.00 Balance Due this month.

Capital One: $495/$500

Capital One: $0/$300

Wells Fargo: $288/$700

FPB $0/$400

Credit One:$0/$500

Discover: $100/$500 .

Re: What Did I Do? FPB

jamesdwi — Wed, 19 Sep 2012 04:47:15 GMT

Every card has its job, every job has its card.

When you needed FPB it was a great card, just like with a sledge hammer it can do its job and is noisey and can do lots of damage but when you are starting out its what you need. When you are done with that stage you move on and use other tools to complete the job.

Most people's problem with FPB is the fact they nail you with a high AF, high APR, and other fee's. If you can handle all that keep the card just know that once you get above 640's scores there are other cards that offer a higher CL and lower APR with zero AF, but the choice is yours.

Re: What Did I Do? FPB

KayMD — Wed, 19 Sep 2012 04:52:02 GMT

Understood. I have a score of 694.

Re: What Did I Do? FPB

KayMD — Wed, 19 Sep 2012 04:54:11 GMT

Well on the card I have a intrest rate of 9.99% and they waived the $49 annual fee.

Re: What Did I Do? FPB

Anonymous — Wed, 19 Sep 2012 14:00:23 GMT

@KayMD wrote:
Well on the card I have a intrest rate of 9.99% and they waived the $49 annual fee.

It is all about the terms and fees. Some FB terms would have charged you a 25% to 50% fee to get the CLI.

If your card has no other monthly or annual fees and a good APR, it is an OK card. Most FB cards have outrageously high fees.

Re: What Did I Do? FPB

Creditaddict — Wed, 19 Sep 2012 14:15:10 GMT

@KayMD wrote:
Call to cancel FPB today and they gave me a credit limit to prevent me from closing, I've had the card since I was 18 and in the last three years this card has gotten me all the cards I have today. What did I do? I really don't see FPB as a bad company has everyone says they are.

From $200 to $400.

American Express Zync Card: $595.00 Balance Due this month.
Capital One: $495/$500
Capital One: $0/$300
Wells Fargo: $288/$700
FPB $0/$400
Credit One:$0/$500
Discover: $100/$500 .

Are you paying $12 or $14/month I have recently seen to have this First Premier Card?

How long have you had Zync and Discover?

In my opinion once you get ANY card that has no AF and has the ability to go over $500 limit you get rid of FPB!!

in your case I also dislike CreditOne for longterm... I did however like them when I had them, charging $25 or what it might be now for CLI they were atleast always available every 6 months like clock work... I saw a higher and better card then Cap1 and Bestbuy MC rebuilders!

but you have have Amex and Discover (they would be 2 out of 3 best scenario cards to have to move onto rebuilt life of credit and all others need to go!

Congrats on where you are but if you have had FPB for 18 months and you just got first CLI from $200 to $400 they were not even trying to be nice for all your paid fees!

Re: What Did I Do? FPB

KayMD — Wed, 19 Sep 2012 17:05:14 GMT

I've had the ZYNC for 1.5 years and the Discover for four months. For FPB I only pay 7 a month.

Re: What Did I Do? FPB

learnin113 — Wed, 19 Sep 2012 17:22:44 GMT

The minute, I mean the second you are able to get back on your feet creditwise and obtain a few decent cards....Credit One and First Premier must go. To me, they're almost like bad karma.

Re: What Did I Do? FPB

Anonymous — Wed, 19 Sep 2012 18:03:57 GMT

@KayMD wrote:
I've had the ZYNC for 1.5 years and the Discover for four months. For FPB I only pay 7 a month.

That is still $84 a year and not worth it.. Plan to drop this card soon.

Re: What Did I Do? FPB

calihlove75 — Wed, 19 Sep 2012 21:17:31 GMT

Your 9.99% APR means nothing if you are paying over $80 bucks a year, whether you use the card or not. Cut it loose and concentrate on that Discover card, Amex, and Wells Fargo. Next, I would axe that Credit First when you can. Can those two Cap one cards be combined? Oh and you have a 694 score, get rid of FP and focus on CLI on your current cards.

Re: What Did I Do? FPB

jsucool76 — Wed, 19 Sep 2012 21:20:04 GMT

@Anonymous wrote:
@KayMD wrote:
I've had the ZYNC for 1.5 years and the Discover for four months. For FPB I only pay 7 a month.
That is still $84 a year and not worth it.. Plan to drop this card soon.

$84 plus the $49 fee that they waived, so at some point OP was paying $133. almost as much as a PRG

Re: What Did I Do? FPB

Creditaddict — Wed, 19 Sep 2012 21:38:02 GMT

HMMM - Now that I know Amex Zync for 1.5 years.... Have you dried for a revolving Amex?

Id call FP right now and say thanks for the $200 CLI but if you will not waive yearly and monthly fees for the next 12 months you need to close it...

Don't let anyone tell you "This card will help you build your credit which you need!"

No, sure don't, I have AMEX!!!

Credit One too...

Good bye to them.

look into a Citi Card

Re: What Did I Do? FPB

KayMD — Thu, 20 Sep 2012 02:14:50 GMT

I wonder which amex should I look into or which citi card I should take a look at?

Re: What Did I Do? FPB

KayMD — Thu, 20 Sep 2012 02:15:27 GMT

I did when I was 18.

Re: What Did I Do? FPB

KayMD — Thu, 20 Sep 2012 02:28:08 GMT

"Your 9.99% APR means nothing if you are paying over $80 bucks a year, whether you use the card or not. Cut it loose and concentrate on that Discover card, Amex, and Wells Fargo. Next, I would axe that Credit First when you can. Can those two Cap one cards be combined? Oh and you have a 694 score, get rid of FP and focus on CLI on your current cards."

Is it even possible for CapitalOne to combine cards?

Re: What Did I Do? FPB

Anonymous — Thu, 20 Sep 2012 14:42:41 GMT

@KayMD wrote:
Call to cancel FPB today and they gave me a credit limit to prevent me from closing, I've had the card since I was 18 and in the last three years this card has gotten me all the cards I have today. What did I do? I really don't see FPB as a bad company has everyone says they are.

From $200 to $400.

American Express Zync Card: $595.00 Balance Due this month.
Capital One: $495/$500
Capital One: $0/$300
Wells Fargo: $288/$700
FPB $0/$400
Credit One:$0/$500
Discover: $100/$500 .

Yeah, i tried to close this year and they have me 400 to 650...Ive had it since 09. Im grateful for them. But this time I will not let them sway me to keep it unless they waive that CL fee and even then, im going to the military and while in basic training, i do not want to have to worry about a card thats at a zero balance and then up pops that annual fee and i forget to pay.

Re: What Did I Do? FPB

emptypockets — Thu, 20 Sep 2012 14:52:16 GMT

For AMEX, Blue Cash Everyday, or (if you travel at all) Delta Gold or Hilton Honors. Hilton Honors gives 6x points for paying cell phone bill, cable internet, so it accrues points pretty quickly. None of these cards have AF's.

For Citi, maybe the Citi Forward (ears points on restaurants and bookstores (including Amazon), or Dvidend (cash back on rotating categories, kind of like Discover and Chase Freedom.

Don't fall for First Premier's schtick...as soon as you start getting approved for Discover's and Zync, you no longer need any card where you pay a AF. My advice would be to apply for a AMEX revolver, then (when approved) ask for a CLI in 61 days. Then I would wait a bit and app for Citi or maybe Chase Freedom, once you have cards reporting with a higher limit. Also, I WOULD DEFINITELY AXE FP AND CREDIT FIRST!!!

Re: What Did I Do? FPB

calihlove75 — Thu, 20 Sep 2012 16:01:40 GMT

@KayMD wrote:
"Your 9.99% APR means nothing if you are paying over $80 bucks a year, whether you use the card or not. Cut it loose and concentrate on that Discover card, Amex, and Wells Fargo. Next, I would axe that Credit First when you can. Can those two Cap one cards be combined? Oh and you have a 694 score, get rid of FP and focus on CLI on your current cards."

Is it even possible for CapitalOne to combine cards?

I have never personally done it, but I have read about people having success consolidating cards. It cannot hurt to ask, especially if they both have annual fees.