First Premier Hilarity

[keithbward]

So I got a First Premier mailer the other day and it said I was pre approved for $400. At this time last year, I honestly would have had to jump at the chance since my profile was in the dumps. It was just funny because they are now apparently issuing cards with chips. Just thought I would share that.

[Anonymous]

---

@keithbward wrote:

So I got a First Premier mailer the other day and it said I was pre approved for $400. At this time last year, I honestly would have had to jump at the chance since my profile was in the dumps. It was just funny because they are now apparently issuing cards with chips. Just thought I would share that.

---

They send the $700 preapproval mailer here with the generous $175 AF.

No thanks.

[chalupaman]

Make an effigy of it and burn it to the ground next time you get one of those.

[joeyoey]

I got one in the mail yesterday from some place I've never even heard of before.  I think they wanted $150/yr with a $50 activation fee and 29% interest.  Like you, a year ago I might have been tempted!

[Anonymous]

I just got through writing a post for some insight because I am wanting to get rid of them but do not know if at this time it will be beneficial to me. I did not let my son take their card and it is a good thing you didn't.. Way too go!!!!

[Anonymous]

---

@keithbward wrote:

So I got a First Premier mailer the other day and it said I was pre approved for $400. At this time last year, I honestly would have had to jump at the chance since my profile was in the dumps. It was just funny because they are now apparently issuing cards with chips. Just thought I would share that.

---

LOL, had a similar mailing about two months ago.  I simply had another beer and to the shredder it went.

[Anonymous]

As a litmus test, I've learned to completely disregard any card offer that comes with the disclaimer, "This IS a credit card, not a prepaid debit card!" 

[nyancat]

---

@keithbward wrote:

So I got a First Premier mailer the other day and it said I was pre approved for $400. At this time last year, I honestly would have had to jump at the chance since my profile was in the dumps. It was just funny because they are now apparently issuing cards with chips. Just thought I would share that.

---

Old-ish news, First Premier has been issuing chip cards for awhile now. In fact, with Discover, I believe EVERY major issuer in the US is now issuing chip cards (though only a few - like American Express - issue them on every card).

However, chip cards don't improve security much without merchants support, which is almost entirely missing in action.

[ways2go]

The only retailer around here that supported the chip was walmart.  It required you to put the card in the slot at the bottom. Then about 5 months ago, it all stopped in requiring it.

[nyancat]

Walmart had a combination of technical issues and refusal to use the chip by the type of people who shop there. My understanding is that they will re-enable chip enforcement before October. You can use chip credit (but not debit) cards at Walmart. So you still should insert your card. At the least it keeps you from being skimmed there if they get breached. It also increases their chip use stats which could only help in convincing them consumers want it enabled.