topic Re: First Premier in Credit Cards

First Premier

credit_challenged09 — Fri, 02 Aug 2013 02:47:09 GMT

I received a pre-approval offer in the mail from First Premier... $700 limit with $175 in fees leaving me with available credit limit of $525... Fresh out of a chapter 13.. would this be a good idea or leave it alone. i hear first premier can put you thru the wringer. Not wanting to be raked over the coals trying to improve my credit.

Any suggestions are greatly appreciated.

Re: First Premier

djc1puno — Fri, 02 Aug 2013 02:48:13 GMT

go with secured card from bofa or wells or any other bigger bank...even capone...UNLESS you have no choice and it's the only way to go with the rebuild...gl!

Re: First Premier

djc1puno — Fri, 02 Aug 2013 02:49:13 GMT

or SDFCU try to avoid FP at all cost first

Re: First Premier

credit_challenged09 — Fri, 02 Aug 2013 02:52:32 GMT

Thanks I have a secured card with USAA ($400) and was recently approved unsecured with Wells Fargo ($1K). I don't feel comfortable with the high fees.

Re: First Premier

09Lexie — Fri, 02 Aug 2013 02:54:36 GMT

Take a look at this list:

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/THE-TOP-SECURED-CARDS-ON-THE-MARKET/td-p/2335903

Re: First Premier

mikey78 — Fri, 02 Aug 2013 02:57:07 GMT

From my personal Experiance with First Premier cards they do report to all 3 credit bureaus (I had 2 of cards 250 CL, and 300 CL)
but they do charge AF's which I didn't like and even if you have 0 balance they do charge couple of dollars in tax or membership thing
i don't remember what it was i just remember my friend telling me why are they charging you this for this and that try to get it taken out i dont know if they still do that or not

all i can remember is even with 0 balance i'll wind up paying 3 bucks

only good thing about them i remember liking was that if you call to cancel they will try to keep you and waive or credit you for wanting to cancel with them
and they report to all 3

@credit_challenged09 wrote:
I received a pre-approval offer in the mail from First Premier... $700 limit with $175 in fees leaving me with available credit limit of $525... Fresh out of a chapter 13.. would this be a good idea or leave it alone. i hear first premier can put you thru the wringer. Not wanting to be raked over the coals trying to improve my credit.

Any suggestions are greatly appreciated.

Re: First Premier

djc1puno — Fri, 02 Aug 2013 03:52:02 GMT

It's what they call maintenance fee...yes it's a big thorn in the rear which is why I closed them. It did its purpose and now it's time to get better cards even if I pay in full each month they always charge 8.25 for maintenance and they slap interest right after that so my statements would always report almost 8.50 each month. Lol. Good thing I don't have em anymore

Re: First Premier

mikey78 — Fri, 02 Aug 2013 03:54:18 GMT

They made alot of money off me
AF + Fee's included with no balance+ high interests rates

Re: First Premier

TiggerDat — Fri, 02 Aug 2013 03:58:13 GMT

In the immortal words of the Robot;

"Danger Will Robinson, Danger. Danger."

Did they ever name that Robot or did it have a name?

Re: First Premier

09Lexie — Fri, 02 Aug 2013 04:00:19 GMT

Re: First Premier

Anonymous — Fri, 02 Aug 2013 04:03:34 GMT

IMO, FP is the worst of the bad cards, and i should know i have a couple The matrix is bad too but i did'nt know any better when i got it....at least matrix doesn't charge me a maintence fee each month though, just a 99 dollar AF(first year). Credit one is a little better and they give you an updated credit score each month....not sure but i think its a fako score? Both still better than FP. Also credit one has a prequalifer site

BEST OF LUCK IN YOUR CREDIT JOURNEY!!!

AUBURN

Re: First Premier

djc1puno — Fri, 02 Aug 2013 04:12:10 GMT

You re right it's a fako and from my experience not even a very good one at that. My score is at least 100 pts higher there than myfico

Re: First Premier

Anonymous — Fri, 02 Aug 2013 04:16:38 GMT

wierd! mine is about 55 points lower than myfico....what in the world is going on at credit one

Re: First Premier

djc1puno — Fri, 02 Aug 2013 04:21:04 GMT

Trust me I called to ask csr...even they don't know. Lmao

Re: First Premier

HiLine — Fri, 02 Aug 2013 15:35:29 GMT

It has been known as the worst credit card by any measure. MyFICO community's feedback on the card is nothing but negative.

Re: First Premier

new_earth — Sat, 03 Aug 2013 15:19:41 GMT

does this card have different terms for different people? I hear of some saying they had a bunch of fees taken from their limit upon receiving. Mine was only a $75 annual fee (other than the $95 processing fee that you pay beforehand). They haven't taken anything since. Once I hit a year I'll have the stupid monthly fee though, but I have enough other better CC's that I will be closing at that point. Just wondering why some end up paying so much in initial fees and I didn't.

Re: First Premier

peaceonearth — Sat, 11 Jan 2014 23:26:55 GMT

I got one today with $700.00 CL. I trashed within seconds.

Re: First Premier

FinStar — Sun, 12 Jan 2014 09:09:26 GMT

@peaceonearth wrote:
I got one today with $700.00 CL. I trashed within seconds.

LOL. It will work for some individuals depending on their situation but not for others.