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First Premier....Can I Put It In the Burn Box?

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OMW2_HighAcheiver
Established Contributor

First Premier....Can I Put It In the Burn Box?

So, I foolishly applied for this card. They've sent it to me but I HAVE NOT sent any money. If I burn this, I won't have to look forward to any shenanigans from them later? Should I hold on to it for records until the auto withdrawal of offer (Dec)? Do I call to tell them I won't be using it?

Thanks Y'all




Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: First Premier....Can I Put It In the Burn Box?


@peaved_about_credit wrote:
So, I foolishly applied for this card. They've sent it to me but I HAVE NOT sent any money. If I burn this, I won't have to look forward to any shenanigans from them later? Should I hold on to it for records until the auto withdrawal of offer (Dec)? Do I call to tell them I won't be using it?

Thanks Y'all

Is it a secured card or something? Or are you talking about the initial fees for the account?

Message 2 of 5
OMW2_HighAcheiver
Established Contributor

Re: First Premier....Can I Put It In the Burn Box?

Yes. Initial fees.




Message 3 of 5
Anonymous
Not applicable

Re: First Premier....Can I Put It In the Burn Box?


@peaved_about_credit wrote:
Yes. Initial fees.

Burn the card and go through your bank where you have a history. Secured cards are unfortunatley a money pit and the best thing to do is go to your lending institution and tell them you are rebuilding your credit and want a secured card. 95% of the time if a person does this the unsecured card becomes an unsecured card after 6 months or a year. 

Message 4 of 5
OMW2_HighAcheiver
Established Contributor

Re: First Premier....Can I Put It In the Burn Box?

I have one with Fifth Third. I'll burn it. I wanted to make sure that's the right thing to do incase I should have any issues later. I think I'll keep it in the drawer until it withdraws on its own.




Message 5 of 5
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