Here is the terms it sent me. I accidentally took a HP for it already while trying to access my real terms because I didn't think it would pull till the end. But my question is.....Does it even report to Credit Reports?
Recap of Credit Terms (See your letter for Full Disclosures)
Credit Limit | $1000.00 |
APR for Purchases This APR will vary with the Prime Rate. | 30.49% |
APR for Cash Advances This APR will vary with the Prime Rate. | 33.49% |
Set-up and Maintenance Fees. | |
Annual Fee This Annual Fee will be assessed before you begin using your card and will reduce the amount of credit you initially have available. Based on your initial credit limit of $1000, your initial available credit will be only about $825.00. Annual Fee: $175.00 in the first year and $49.00 in the second year, billed annually. Account Maintenance Fee: $150.00 annually (billed at $12.50 per month). This fee is not billed for the first 12 months that your Account is open. | $175.00 |
Oh also it is through Bank of Missouri?
If you got a HP. You must have submitted the app. Damage done. We dont reccomend closing a card after approval. But for $175. Plus all the other fees adding up to $325.00 for the 1st yr. Call and cancel that thing ASAP. Grab an Open Sky secured. No HP and everyones approved. Thats insane. Its not like you got a fancy AMEX card. Wow!
Well lesson learned. Close it before the annual fee hits. Come here and ask about any apps before you make any moves. We'll help you out. Every single card in my siggy was researched on here before I applied. I didn't go 10 and O out of luck. Read and learn MB. Best thing to do. No question is too dumb to ask. Good Luck!