First Premier

[Jazzzy]

From my understanding, because of the new credit card laws, First Premier will no longer be a high fee card. In order to meet the new regulations, they have lowered their fees...and raised their interest rate to 79.9%.

I'm not kidding.

http://www.argusleader.com/article/20091218/NEWS/912180322

[favre_2_free]

So after reading that....it didn't say for existing customers in the article.  Does that mean my card of 7 years, that I finally got up to a $750 CL will go up to 79.9% interest?

[Jazzzy]

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@favre_2_free wrote:
So after reading that....it didn't say for existing customers in the article.  Does that mean my card of 7 years, that I finally got up to a $750 CL will go up to 79.9% interest?

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I don't know.

It depends upon whether or not the new credit card law covers existing fees. It likely does, but I'm not an expert. You'll have to call First Premier and ask them.