So I was pre-approved for a First Savings Credit Card -- they didn't tell me what the limit was but received it today. I got a whopping (yes, sarcasm) 350.00 CL (don't worry, won't spend it all in one place!)
I can't find much information on this card -- is it worth keeping and growing? Can I recon the initial CL? Do they charge for CLI's like some of these other bottom-feeder cards (cough, First Premier, cough)?
Thanks in advance for any words of wisdom.
@Ron1 wrote:
My brother got one. It will grow. Expensive to keep.
Ron.
+1. Used as a stepping stone until you can get something better.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
Thanks -- I haven't been able to find much information on them at all. I did call in today and talked to a manager to try to recon the starting credit limit. I don't think I will get anywhere...
However -- for others who may not know anything about First Savings:
- They do their first CLI review at 6 months and then annually after that.
- No charge for CLI
- Because of my complaints/concerns, they did agree to either lower the interest rate to 21 percent for 6 months or cut the AF in half to 37.50 (your choice).
- Even though they only do automated reviews at 6 months and then annually, you can call and request a review for CLI at any point -- I suspect that if you are in good standing, they will negotiate the AF and interest rates as well since they were willing to do so with me and I just received the card yesterday and they don't know me from Boo.
They certainly are not a prime card -- but they are at least reasonable in terms of their policies and when you call, you talk to live human beings who are not in some off-shore call center. They definitely sound like a much better option than the First Premiers of the world!
