So I shredded my First Premier Bank cc a few months ago because I never use it - It was a good option when my scores were in the mid 500s, but no more.
$35 AF, $6 monthly fee, 25% CLI fee and 36% APR, all wrapped in a flimsy, hideously looking orange card.
Called to cancel today, one month before AF hits. Got all fees waived for a year and a $500 CLI with the 25% fee waived. They're also sending me a new non-shredded one for free. I'll keep it in my trunk with my spare tire as an emergency 'left-my-wallet-at-home' card and utilization filler for now ¯\_(ツ)_/¯
Impressive! How long had you had the card?
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@Anonymous wrote:
👍 just leave that thing in the trunk....better yet take it straight to the shredder with the other one😜
Just jk around....but in all seriousness do NOT get indebted to those ppl FP is a 'jump-off' not the long term marrying type you want to get stuck with....
Go ahead and 'use' 'em for the new CL and the additional credit available% and the aging but seek her 'replacement' before you mess around and get 'that' one pregnant one night and be 'stuck' with her 😌
Nah, you can always get rid of your baby momma. You will just be paying child support until your baby graduates.
@Anonymous wrote:
👍 just leave that thing in the trunk....better yet take it straight to the shredder with the other one😜
Just jk around....but in all seriousness do NOT get indebted to those ppl FP is a 'jump-off' not the long term marrying type you want to get stuck with....
Go ahead and 'use' 'em for the new CL and the additional credit available% and the aging but seek her 'replacement' before you mess around and get 'that' one pregnant one night and be 'stuck' with her 😌
I once left my wallet at home and didn't realize until my gas tank was at below the red marker.
After scouring my car seats for change, I went inside the gas station and politely asked them to put $0.67 cents on number 3.
Util filling and avoiding the above are the only things a trunk dwelling First Premier CC is good for.
wrote:
I still would have cancelled😒
Yep, next time stand your ground and just say no, it is still useless rewards wise and another card to keep track and worry about when the year comes around. Plus it's bad for your soul having a predatory card in your wallet/purse/trunk. 
@Anonymous wrote:25% CLI fee? What a great incentive to never get that card. AF and a Monthly Fee? Two more great incentives to never get that card. When my scores were in the 500's I used secured cards with no AF. At least when I closed them (or before if they made the acount unsecured) I got my money back.
There is a difference between desperate and crazy, and I think First Premier just found the line between them.
Yep. $75 initiation fee, then $35 annual fee. After year two, they slap on a $6 monthly fee. But my favorite is the 25% fee. "We appreciate your business and would like to reward you with a $200 CLI for a small fee of $50."
Lesson learned. If you have $200 in your bank account for a Disco or Cap1 secured, there are no good reasons to get a First Premier card. My hesitation with the secured cards was I didn't want money locked up in my oldest accounts if they were to never graduate. Disco and Cap1 have since both graduated my cards, and FBP along with Credit One are the only vulture cards I have left.
I'm calling Credit One next month to close. I'll see what they counteroffer.
Just make sure you mark on several calendars your AF anniversary date and call before the fee is due next. That is what predatory credit lenders do, wait for you to miss your cancelation date and take advantage of people who have no other options.