You know your credit scores stink when...

Anonymous · ‎04-12-2017

You get a "pre-selected" offer for the Reflex MasterCard.

30.74% APR
$125 annual fee
AND $120/yr for monthly maintenance fees.

Yikes!

The 3 big advantages of this card are:
*use your card everywhere MasterCard is accepted
*free online account access
* monthly reporting to all 3 credit bureaus

While I may have had scores bad enough to warrant such offers, I'm happy to say they've never been so bad that I would accept.

TiggerDat · ‎04-12-2017

I used to get offers like this even when I had some better cards. I used to laugh when it would happen. Long, long ago I actually made the mistake of opening a First Premier card. A very short time after I got the card and read the terms I realized it was a stupid mistake, so I called and closed the account and got the annual fee reversed. I now know it would simple be better to save a bit of money if I ever tank my credit again and open a secured card. The trick to this is not actually get yourself into a situation where you must have credit, but instead control yourself enough to use a secured card to build credit.

It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.

Anonymous · ‎04-12-2017

Lol i have amex, 3 cap ones, nfcu loans and today i get pre selected verge which i never heard of

ChargedUp · ‎04-12-2017

@Anonymous wrote:
Lol i have amex, 3 cap ones, nfcu loans and today i get pre selected verge which i never heard of

I got pre-approvals from Verve, Credit One, Amex PRG, Citi DC and BofA Alaska and Chase FU.... all in the same day

thummel · ‎04-12-2017

I like how they usually say free online access. Don't know why but I think its hilarious. What you want us to pay every time we access our account online?

Anonymous · ‎04-12-2017

@thummel wrote:
I like how they usually say free online access. Don't know why but I think its hilarious. What you want us to pay every time we access our account online?

Sshhhh! Don't give them any ideas. I can see someone in a First Premier board meeting saying, "Hey, why don't we charge them $1 every time they access the online portal?"

jamesdwi · ‎04-12-2017

I use those offers as a reminder to stay in the garden and take care of the cards I have. Serious these guys have no idea of what is on my report, am I really going to jump at a 1500 limit of which $300 will be used for fee's and expenses.

731 EQ

746 TU

723 EX

AAoA 4 years 10months

Newest card 6 months old.
over 250k of total credit limit.
17% UTL reporting, coming down just waiting for report updates, but still too high

Cards: Chase Southwest 20k & CSR 17k & CSP 10k & FNBO 30k Oregon Duck 5k, & AMEX BCP 32.5k & Amex Magnet 15k&amg; Hilton Surpass 7.5k & Delta Gold 12k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 20k, Paypal Extras MC 10k, Paypal Credit 7.25k CapOne Venture 15k, QS 2.5k, QS 750, Amazon 10k, Walmart 10k, Citi Simplicity 18k, Discover IT 23k and a nice stack of store cards.
Landmarkcu Personal Loan 10k

AverageJoesCredit · ‎04-12-2017

Reflex must be that bad taste you get when you're on the Verve of accepting a Credit One offer from your very First Premier Big Boy Bank

fltireguy · ‎04-12-2017

AJC - I can almost feel the RUSH now

NFCU $60.4k/PenFed $22.5k/Commerce $15K/53 $11K/Synovus $14K/BBT $11K/CapOne $12K/DCU $7.5K/BMO $7.5K/Chase $14.5k/Cabelas $10K/ and many many more!
Total CL $398600, plus car and RV loan.
Ooh. Ooh. Getting closer to that $500K mark!

Anonymous · ‎04-12-2017

I don't have had credit just a short thin file and I've got the offer for this card. Everytime I get a offer from these sub prime lenders goes straight to be shredded.