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First Savings Credit Card -- will it grow?

designated_knitter
Established Contributor

First Savings Credit Card -- will it grow?

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.

 

 

Started Over Again after Cap1 Death Penalty:
06/15/2019:
03/02/2021:
04/06/2021:
05/28/2021:
Lesson Learned: DON'T POKE THE BEAR!!! THE BEAR WILL WIN!!!
Message 1 of 5
4 REPLIES 4
Ron1
Super Contributor

Re: First Savings Credit Card -- will it grow?

My brother got one. It will grow. Expensive to keep.

Ron.
Message 2 of 5
Shogun
Moderator Emeritus

Re: First Savings Credit Card -- will it grow?


@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.

Starting Score: 504
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.
Message 3 of 5
designated_knitter
Established Contributor

Re: First Savings Credit Card -- will it grow?

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:

 

  1. They do their first CLI review at 6 months and then annually after that.
  2. No charge for CLI
  3. 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).
  4. 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!

 

 

Started Over Again after Cap1 Death Penalty:
06/15/2019:
03/02/2021:
04/06/2021:
05/28/2021:
Lesson Learned: DON'T POKE THE BEAR!!! THE BEAR WILL WIN!!!
Message 4 of 5
Ldubya14
New Visitor

Re: First Savings Credit Card -- will it grow?

Ive had my 7 months and got a letter saying im up for a credit limit increase review. I started at $350 and just bumped up $500 to $850 credit limit with a equifax fico of 652
Message 5 of 5
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