I received a pre-approval offer in the mail from First Premier... $700 limit with $175 in fees leaving me with available credit limit of $525... Fresh out of a chapter 13.. would this be a good idea or leave it alone. i hear first premier can put you thru the wringer. Not wanting to be raked over the coals trying to improve my credit.
Any suggestions are greatly appreciated.
go with secured card from bofa or wells or any other bigger bank...even capone...UNLESS you have no choice and it's the only way to go with the rebuild...gl!
or SDFCU 
try to avoid FP at all cost first
Thanks I have a secured card with USAA ($400) and was recently approved unsecured with Wells Fargo ($1K). I don't feel comfortable with the high fees.
From my personal Experiance with First Premier cards they do report to all 3 credit bureaus (I had 2 of cards 250 CL, and 300 CL)
but they do charge AF's which I didn't like and even if you have 0 balance they do charge couple of dollars in tax or membership thing
i don't remember what it was i just remember my friend telling me why are they charging you this for this and that try to get it taken out i dont know if they still do that or not
all i can remember is even with 0 balance i'll wind up paying 3 bucks
only good thing about them i remember liking was that if you call to cancel they will try to keep you and waive or credit you for wanting to cancel with them
and they report to all 3
@credit_challenged09 wrote:I received a pre-approval offer in the mail from First Premier... $700 limit with $175 in fees leaving me with available credit limit of $525... Fresh out of a chapter 13.. would this be a good idea or leave it alone. i hear first premier can put you thru the wringer. Not wanting to be raked over the coals trying to improve my credit.
Any suggestions are greatly appreciated.
It's what they call maintenance fee...yes it's a big thorn in the rear which is why I closed them. It did its purpose and now it's time to get better cards even if I pay in full each month they always charge 8.25 for maintenance and they slap interest right after that so my statements would always report almost 8.50 each month. Lol. Good thing I don't have em anymore 
even if I pay in full each month they always charge 8.25 for maintenance and they slap interest right after that so my statements would always report almost 8.50 each month. Lol. Good thing I don't have em anymore
They made alot of money off me
AF + Fee's included with no balance+ high interests rates
