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Too Good to be true???? FNBO 3.5% apr Visa

Established Contributor

Too Good to be true???? FNBO 3.5% apr Visa

DW recieved an offer in mail yesterday for a  FNBO visa with a 3.5% variable apr for the life of the account (except for Fed interest rate increases).

 

Carries an 89 annual fee. No cashback or points.

 

Seems like a pretty good offer if you want a lower interest card just in case you need to float a balance for a couple months.  

 

Her EX score is around 740, 15 util. and under 10 inq.

 

Anyone have this card and know the details on it and approval possiblities. 

 

 

Message 1 of 15
14 REPLIES
Frequent Contributor

Re: Too Good to be true???? FNBO 3.5% Visa

Aww, the APR! 3.5% seemed too low to be an APR so I was hoping it was possibly 3.5% rewards, which is of course unsustainable, but I had a glimmer of hope...

Barclay Rewards - 10k | Quicksilver - 16k | Discover It - 34k | Citi DC - $12k | Chase Amazon - 8k | EX FICO (Discover CSC) 780
Message 2 of 15
Mega Contributor

Re: Too Good to be true???? FNBO 3.5% Visa

This card has been discussed here a few times, e.g. 

 

http://ficoforums.myfico.com/t5/Credit-Cards/FNBO-Prime-All-the-Time-Anyone-else-get-this-offer/m-p/...

 

A lot of analysis was done in various forums: for a lot of people it isn't a great deal.   You will need to determine how much balance you will carry for how long, how the APR compares to your lowest APR card, and see if that is worth the AF (taking into account the loss of rewards).  With 0% APR offers coming on various cards for at least a few months, $89 every year may seem a lot to pay just for a low APR in case you need it

Message 3 of 15
Senior Contributor

Re: Too Good to be true???? FNBO 3.5% Visa

I would pay that.  Well, maybe not, but still I would like to get that offer!!!

 

Theres also the Houston FCU Visa Primelock which as a $50 annual fee.  Anyone would be eligible as long as they find a cheap 3 credit hour online class to take from one of the community colleges there.  Lol.

EQ 730, TU 730, EX 720. INQs EQ-1, TU-9, EX-7 AAOA 4yrs Util 6% Inspiration: Themanwhocan's Cash Back Charts
Message 4 of 15
Super Contributor

Re: Too Good to be true???? FNBO 3.5% Visa


jfriend33 wrote:

I would pay that.  Well, maybe not, but still I would like to get that offer!!!

 

Theres also the Houston FCU Visa Primelock which as a $50 annual fee.  Anyone would be eligible as long as they find a cheap 3 credit hour online class to take from one of the community colleges there.  Lol.


Hmmm. Just passed by one. Interesting! I make my Alliant atm deposits there! Lol

Message 5 of 15
Regular Contributor

Re: Too Good to be true???? FNBO 3.5% Visa

By the thread title I came in expecting a 3.5% CB card Smiley Sad




May 2013 | June 2013 |Sep 2013 | Dec 2013 |May 2014 | May 2014 | May 2014| April 2015 | April 2015 | April 2015 | April 2015
Message 6 of 15
Established Contributor

Re: Too Good to be true???? FNBO 3.5% Visa


DieGo2SHAE wrote:

By the thread title I came in expecting a 3.5% CB card Smiley Sad


I did too! I'll have to pass on this one. I never carry a balance long enough to justify the annual fee vs interest.

2/5/18 EX 738 TU 751 EQ 737 9% Util All reports on ice! Gardening again!
NFCU CR ($25,000) | BofA CR ($19,800) | Discover ($12,300) | BofA BBR ($7,000) | Amazon ($6,000) | Citi Costco ($7,900) | Marvel ($8,000) | Chase Amazon ($6,000) | Paypal MC ($8,000) | Barclay Apple ($4,300) | AMEX BCE ($12,000) | AMEX ED ($1,000) | Cap QS ($3,400) | GM Buy Power ($2,000) | Citi DC ($2,700) | Wayfair ($9,400) | Victoria's ($4,000) | NFCU CLOC ($15,000) | Tiffany & Co ($1,000)
Message 7 of 15
Established Contributor

Re: Too Good to be true???? FNBO 3.5% Visa


Noxqs wrote:

DieGo2SHAE wrote:

By the thread title I came in expecting a 3.5% CB card Smiley Sad


I did too! I'll have to pass on this one. I never carry a balance long enough to justify the annual fee vs interest.


Sorry guys, didn't think about the cash back aspect when I posted.  I've edited the title.

Message 8 of 15
Established Contributor

Re: Too Good to be true???? FNBO 3.5% Visa


longtimelurker wrote:

This card has been discussed here a few times, e.g. 

 

http://ficoforums.myfico.com/t5/Credit-Cards/FNBO-Prime-All-the-Time-Anyone-else-get-this-offer/m-p/...

 

A lot of analysis was done in various forums: for a lot of people it isn't a great deal.   You will need to determine how much balance you will carry for how long, how the APR compares to your lowest APR card, and see if that is worth the AF (taking into account the loss of rewards).  With 0% APR offers coming on various cards for at least a few months, $89 every year may seem a lot to pay just for a low APR in case you need it


thanks for the link.  I looked last night, but somehow missed this one.     

I'm trying to determine if the annual fee is worth it as well.   She does carry balances from time to time.  And her lowest interest card is her Penfed with 13.24  but no annual fee.   And they do periodically offer O%offers.  So IDK.  Have to think on this one. 

Message 9 of 15
Highlighted
Established Contributor

Re: Too Good to be true???? FNBO 3.5% Visa


alottacards wrote:

Noxqs wrote:

DieGo2SHAE wrote:

By the thread title I came in expecting a 3.5% CB card Smiley Sad


I did too! I'll have to pass on this one. I never carry a balance long enough to justify the annual fee vs interest.


Sorry guys, didn't think about the cash back aspect when I posted.  I've edited the title.


No worries! It wasn't the first and won't be the last thread title that I read all wrong.

2/5/18 EX 738 TU 751 EQ 737 9% Util All reports on ice! Gardening again!
NFCU CR ($25,000) | BofA CR ($19,800) | Discover ($12,300) | BofA BBR ($7,000) | Amazon ($6,000) | Citi Costco ($7,900) | Marvel ($8,000) | Chase Amazon ($6,000) | Paypal MC ($8,000) | Barclay Apple ($4,300) | AMEX BCE ($12,000) | AMEX ED ($1,000) | Cap QS ($3,400) | GM Buy Power ($2,000) | Citi DC ($2,700) | Wayfair ($9,400) | Victoria's ($4,000) | NFCU CLOC ($15,000) | Tiffany & Co ($1,000)
Message 10 of 15