First Premier Bank, Would it be a good addition?

[Anonymous]

Hey all im currently working on building my credit. I never had any credit cards in the past and last november i started taking building my credit seriously. So i opened a capital one account ( Limit currently $400 ) A Discover secured card ( Limit $200 ) And a Navy Federal Secured Card ( Limit $200 ) today i got a pre approved offer from First Premier bank for a 700$ line of credit. Is it worth getting? Im not entirely excited about the 79$ annual fee but im just wondering if there would be any benefit in me accepting this offer aside from have a bigger limit to keep my utilization down?

Also the only other thing i have currently reporting is student loans. 

Thanks for any and all advice!

[Jnbmom]

Nope, I would pass on that. Keep rebuilding on what you have, it takes time for your credit profile to improve

[Anonymous]

No, there are a lot of negative stories about that lender. Plus, you have installment loans and 3 cards. That’s all you need to build a solid history. Look up AZEO on here and follow that for the next 6 months and you should see excellent gains.

[CreditInspired]

First Premiere is a predatory lender. Absolutely don’t apply. You now have 3 great CCs for scoring purpose. Let these age and you’re on your way.

[Anonymous]

Thanks guys. Just threw away the letter, Problem solved!

[Blackswizz750]

You have what you need to build on and have a great score. Pass on that offers AFs at this moment is an extra expense you don't need for what younger.
Also, you don't need all the hard pulls right now chasing cards: it's a marathon.

[Streetervillelady]

[RickNATL]

Nope...pass on Premier, CreditOne, Indigo, etc.

[CreditInspired]

Add Merrick Bank to the predatory lending list.

[padme]

3 credit lines are enough to pop you into primes in like a year. just dont go over 50% on any card, and ur scores will skyrocket in a short time