FNBO Amex 3.25%

[Anonymous]

I got an offer in the mail for the FNBO Amex, with APR at prime, or 3.25%.  It has a $99.00 year fee.  Is this a legitimate offer? 

[tonyjones]

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@Anonymous wrote:

I got an offer in the mail for the FNBO Amex, with APR at prime, or 3.25%.  It has a $99.00 year fee.  Is this a legitimate offer? 

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Only way to find out is app, it's just one HP.

[Anonymous]

Is this a good offer?  Id like a card tied to prime rate, which is 3.25%. Has anyone else got this offer?

[revjamesl]

Interesting. Does it earn rewards or is it just the low rate?

[Anonymous]

No rewards, just indicates that the rate will never go above prime.  I have plenty of reward cards, but it would be nice to have a long term, low rate card. 

[tonyjones]

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@Anonymous wrote:

No rewards, just indicates that the rate will never go above prime.  I have plenty of reward cards, but it would be nice to have a long term, low rate card. 

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of course this is a good rate. 3.25%

My best card is DCU which is at 11%, no rewards.

[Anonymous]

I have never dealt with FNBO... are they inquiry sensitive?  I have more than a few!  Also, if anyone else has gotten this offer what was their starting credit line? 

[itguy_65]

I have a FNBO Visa at 3.25%.  I've had it since 10/14.  It's legit.  They approved me with 6 inquiries.

[Anonymous]

Hi, this card has been discussed here a few times.  They also had an offer for one at 6.25% that does have rewards:  http://ficoforums.myfico.com/t5/Credit-Cards/New-FNBO-Limited-Time-Offer-Card/m-p/3907902#M1091278

Is the 3.25% a good offer?  Probably not for many!  The question is how likely are you to need to carry a balance (and not have a 0% APR card) and what is your current best non-promo rate.    The point is that $99 AF is a lot if most of the time there is no benefit, especially if you don't use it year after year.   Some people would consider the money well spent as insurance, but you can save up the $99, get rewards on other cards, and that will more than make up the higher rate you have to pay (if and when you do so) for a while

[gdale6]

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@Anonymous wrote:

I have never dealt with FNBO... are they inquiry sensitive?  I have more than a few!  Also, if anyone else has gotten this offer what was their starting credit line? 

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They are going to see them all they pull ARS/IDA and these 2 CRAs record all inqs by address.