topic 3.25% ongoing APR?? in Credit Cards

3.25% ongoing APR??

chrisw1968uk — Sat, 18 Oct 2014 22:36:08 GMT

Hi All

I just got a pre-approval for the First National Bank of Omaha Credit Card - There is no introductory 0% APR - But a fixed 3.25% this is one of the lowest that I have seen, I try to pay off balances every month - but its not always possible.

Can anyone comment good or bad about this card?

Thanks

Re: 3.25% ongoing APR??

Anonymous — Sat, 18 Oct 2014 22:39:31 GMT

@chrisw1968uk wrote:
Hi All

I just got a pre-approval for the First National Bank of Omaha Credit Card - There is no introductory 0% APR - But a fixed 3.25% this is one of the lowest that I have seen, I try to pay off balances every month - but its not always possible.

Can anyone comment good or bad about this card?

Thanks

In my non-supportive mode: have you heard about "search"?

A post from yesterday:

http://ficoforums.myfico.com/t5/Credit-Cards/First-National-Bank-of-Omaha-Visa/td-p/3542267

Re: 3.25% ongoing APR??

Anonymous — Sat, 18 Oct 2014 22:42:42 GMT

Maybe the rate is the prime 3.25% added to some other Apr number giving you the ongoing rate or is it some promo rate for a BT? FNBO does have Visa Cards that start (ongoing rate) at 9.99% variable (6.74%+3.25% prime). Possibility?

Re: 3.25% ongoing APR??

Anonymous — Sat, 18 Oct 2014 22:45:18 GMT

@Anonymous wrote:
Maybe the rate is the prime 3.25% added to some other Apr number giving you the ongoing rate or is it some promo rate for a BT? FNBO does have Visa Cards that start (ongoing rate) at 9.99% variable (6.74%+3.25% prime). Possibility?

No, assume from the description that this is the prime for life card (with a ~$90 AF)

Re: 3.25% ongoing APR??

Anonymous — Sat, 18 Oct 2014 22:46:31 GMT

What kind of profile does it take to get a CC at prime rate?

Re: 3.25% ongoing APR??

Anonymous — Sat, 18 Oct 2014 22:52:20 GMT

So FNBO still does that! Knew some other people that got 9.90% for life and a couple of others at 6.75% and 7.75% for life but they were from several years back and no AF. Interesting. Longtimelurker thanks for the info as I sure did not know that FNBO does promos like this today!

Re: 3.25% ongoing APR??

Anonymous — Sat, 18 Oct 2014 22:52:45 GMT

From the other thread:

http://www.magnifymoney.com/blog/consumer-watchdog/first-national-bank-omaha-prime-for-life

shows why for some it's not so amazing

Re: 3.25% ongoing APR??

chrisw1968uk — Sat, 18 Oct 2014 23:21:48 GMT

hmmmm thanks all - yes, it is 3.25% for life and it does have the $89 AF - ill need to get my calculator out lol