topic Re: I really hate first Premier in General Credit Topics

I really hate first Premier

Anonymous — Mon, 09 Jul 2007 06:32:15 GMT

I went over my limit because of their famous annual fee so they closed my account, I paid it in full and the lady on the phone told me my account was suspended. Well I got an email saying that I would receive a letter soon. So I am just going to assume that they closed it for good. If not then I'm closing it myself. Since that is my only revolving account, do I need another one asap?

Re: I really hate first Premier

Anonymous — Mon, 09 Jul 2007 08:25:47 GMT

Don't close it, yet. It easier to get a CC when you already have one, and it's easier to get a better CC if you already have one.

Do you know your FICOs and to whom are you planning to apply?

Re: I really hate first Premier

Anonymous — Mon, 09 Jul 2007 13:47:17 GMT

From checking their website, looks like they closed it for me. My ficos are:

EX: 647

EQ: 589

TU: 650

With a couple of unpaid collections I'm probably going to go for a secured through US bank or maybe Crown Jewelers.

Re: I really hate first Premier

Anonymous — Mon, 09 Jul 2007 13:59:21 GMT

Just FYI - When I was house hunting I thought it would be a good idea to pay off my CC balances and close the First Premier card all together. Well it actually dropped my scores from 20 to 25 points.
Ultimately it was still a good decision but just wanted to let you know there could be a score drop associated with closing that account.

Re: I really hate first Premier

Neblett — Mon, 09 Jul 2007 14:55:53 GMT

I don't understand. Do we have all the info?

What it sounds like is that the annual fee posted to your account (so we can assume that you have had the card at least a year - which means that they would hardly be likely to get rid of a customer with a year's payments under his or her belt), then they charged you an over-limit fee. You paid them for the fee (did you pay your balance down too?), but they closed/suspended your account.

What kind of time frame are you talking about here? When did you finally pay them? How much time elapsed between the annual fee taking you over limit and when you paid?

I can't believe they would close your account without giving you the opportunity to pay the fee - I've never heard of a CC company doing that.

Something seems suspect about this situation, and I don't know if we know enough to give you good advice.

Re: I really hate first Premier

Anonymous — Mon, 09 Jul 2007 15:16:30 GMT

I had used the card to pay a bill that was due immediately, this was two weeks ago, so I was checking their website to see what my current balance was. When I checked they had charged me the annual fee and the over the limit fee. I have had that card for two years this month, never been late and only over the limit once for 2.00, which I paid immediately and that was over a year ago.

I saw the bill and paid the entire amount this Friday, bill isn't due until 7/27. I checked the website today and it still shows no current balance or available credit. So I'm gonna look elsewhere.

Re: I really hate first Premier

Anonymous — Mon, 09 Jul 2007 15:30:40 GMT

You may want to apply for your new replacement card NOW...before they report some negitives. Your scores are high enough try BofA https://preapproved.bankofamerica.com/cc/SelfInquiry.aspx .

Or maybe even AMEX. I would not delay. Just incase these idiots mess with you. Good luck!

Re: I really hate first Premier

Anonymous — Mon, 09 Jul 2007 17:13:51 GMT

I agree with so_confused. With FICOs in the mid 600s, apply for AMEX. If you apply same day, odds are very good you will incur at most one inquiry per CRA. Apply for AMEX Green, Delta and Hilton.

Do you have a BK on your CR, or a defaulted AMEX CC in your past? Either will likely be grounds for denial.

Re: I really hate first Premier

Anonymous — Tue, 10 Jul 2007 00:47:19 GMT

I agree with so_confused. With FICOs in the mid 600s, apply for AMEX. If you apply same day, odds are very good you will incur at most one inquiry per CRA. Apply for AMEX Green, Delta and Hilton.

Do you have a BK on your CR, or a defaulted AMEX CC in your past? Either will likely be grounds for denial.

No I don't have a BK but I do have three collections, one that is recent (1yr) so I tend to get turned down but I will apply anyway. Who knows they might say yes. Thanks everyone for all your help.

Re: I really hate first Premier

Anonymous — Tue, 10 Jul 2007 06:40:15 GMT

candigrl wrote:
No I don't have a BK but I do have three collections, one that is recent (1yr)

Collections should not matter. So long as it ain't AMEX.

DW and I have a paying on collection, so it keeps updating. She got $2000 on Delta, Green, and Oasis Optima with $1300.

Re: I really hate first Premier

Anonymous — Wed, 11 Jul 2007 00:25:17 GMT

I had the same thing to happen to me. One of my Premier cards I had for 2 years with no increase. I went over the limit and they closed my card and when I inquired how to reopen the card they said they would send me a letter. Due to me trying to get a mortgage I would like to keep the 2 year tradeline.

Re: I really hate first Premier

Anonymous — Wed, 11 Jul 2007 01:11:08 GMT

>Collections should not matter. So long as it ain't AMEX.

DW and I have a paying on collection, so it keeps updating. She got $2000 on Delta, Green, and Oasis Optima with $1300.<

Then I am probably getting turned down for other reasons, most likely for too high debt to credit ratio and late payments but I can't figure out from where. I am suspecting its from one of my collection accounts because the one and only late payment that I know of was from 2 years ago for my school loan.

Re: I really hate first Premier

Anonymous — Sat, 14 Jul 2007 00:57:17 GMT

Ok now I really really hate First premier. I got denied for Amex and high utilization came up on my denial and thats because my account is showing closed with the high balance.

Re: I really hate first Premier

chartley3 — Sat, 14 Jul 2007 03:14:15 GMT

chinadoll22 wrote:
I had the same thing to happen to me. One of my Premier cards I had for 2 years with no increase. I went over the limit and they closed my card and when I inquired how to reopen the card they said they would send me a letter. Due to me trying to get a mortgage I would like to keep the 2 year tradeline.

I just closed my 2 First Premier accounts with the oldest being 2 years old. First off if you can get approved for a better card do it. I was approved for an Airtran Airways Platinum Visa with a $1750 CL with a TU score of 604. Today I paid off both cards in full and canceled them. I did check my Credit reports and the new card is already showing on EX and Im sure they already sent info to both EQ and TU. As long as you close the account with a 0 balance and its in good shape it wont affect you much at all since the TL isnt that old. Also if you have something like a Student Loan thats reporting I wouldnt worry about the lengh of credit history.