First Premier is Absolute Worst Subprime Cards Issuer. Want more Proof? Read this Article!

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I was doing a little reading about the subprime scum card issuers and found this article from last year where First Premier is suing a credit card comparison site for publishing honest reviews of its predatory practices.

This is utterly amazing.  I wonder if they will try to sue MyFICO for its members telling the truth?

Please people, DO NOT patronize this company.  They are pure scum.

http://www.cbsnews.com/news/card-comparison-site-gets-sued-for-showing-card-comparisons/

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Did some more research and found that the suit was abandoned or tossed out of court.  Still, it speaks volumes about First Premier.  Since they don't like their bad reputation, they try to silence it.

http://www.cardhub.com/edu/first-premier-vs-cardhub/

Wall Street Journal comments:

http://blogs.wsj.com/totalreturn/2015/01/12/lender-drops-challenge-to-credit-card-comparison-website...

Consumer Reports comments about First Premier:

http://www.consumerreports.org/cro/news/2014/08/how-to-protect-yourself-from-credit-card-bullies/ind...

[Anonymous]

Yes, they are horrible. Anyone who is rebuilding and needs to get a credit card would be far better served to get a secured card. They are pure predators. Back when I had a card, before I knew better, someone ran up a bunch of charges on my account. Since I had already paid my card off, they sent me a check. 3 different banks would not cash or deposit the check because of the way they broke up the routing and account numbers on the check. A gal at my credit union had to spend 20 minutes on the phone to learn what their  actual routing and account numbers were so she could process my deposit. The check would not clear a check reader and the information had to be manually entered.I question whether they are even a real bank, as their checks are issued and cleared via licensing by 1st Interstate bank in Montana. I am surprised they are allowed to continue. I imagine they can't issue in some states because of usery limits.

[NRB525]

The $8.50 per applicant referral fee that Card Hub got from First Premier is an interesting data point. Likely similar payments to other card site advertisers.

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@NRB525 wrote:

The $8.50 per applicant referral fee that Card Hub got from First Premier is an interesting data point. Likely similar payments to other card site advertisers.

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Yes, I think that is a pretty standard affiliate commission level.  The five cards up on top of this page posted on myFICO are affiliate links too, and likely pay a higher rate due to FICO's market strength and huge following here.

That of course is how CreditKarma makes money, which I think is great since it costs people nothing more to follow an affiliate link than it costs to go directly to the website and apply.

Of course the only problem is that the "approval odds" can often be way off sometimes.  I think it is better to research your cards here and on CB, and then if you want to support these folks ability to provide free credit scores and free credit forums, go ahead and use their links.  It's no skin off of our noses.

[OmarGB9]

No surprise there.

[Anonymous]

It won't take much convincing on this forum to get us to believe that First Premier is run by degenerate, nauseating, vile, usurious, parasitic loan-sharks that seem to unabashedly thrive on new ways to be reprehensible on a daily basis.

 I would rather give my money to the deposed prince of Nigeria than give money to these quacks that disgracefully call themselves a bank.

[Anonymous]

What I want to know is why they insist on capitalizing half of their name (First PREMIER). What does that do for them exactly?

[Rebuilding69]

Well, according to the internet, premier means top ranking or prime(among other meanings), so if you capitalize it, it means you're even more top ranking.

I'm guessing they think they are a top ranking company.

[Anonymous]

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@Rebuilding69 wrote:

Well, according to the internet, premier means top ranking or prime(among other meanings), so if you capitalize it, it means you're even more top ranking.

I'm guessing they think they are a top ranking company.

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They are top-ranking. Probably not the list they were thinking of/hoping for though.