First Premier Credit Card
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Posted: Sat Jan 08, 2005 3:07 pm
Post subject: First Premier Credit Card
tim
Date: 10/2/2000 6:21 pm CDT
Just recieved my First Premier Bank Mastercard approval letter. I really don't think it is the card for me.After having credit problems about 5 years ago, I was able to open up a Providian Visa and another Mastercard about 18 months ago.
Since then my Providian credit limit doubled and I transferred my Mastercard and cancelled it in order to take advantage of a lower interest rate.
Now comes First Premier with an 18% interest rate and only a $250.00 limit which has all but $78.00 delegated to the annual fee, program fee and monthly participation fee. There is only * $78.00 * of credit on the card and I have not used this card yet.
I called and was transferred to an account specialist and after 20 minutes he waiwed a $19.00 set-up fee. He said he would give my file to another dept. to asses my credit limit. He stated" maybe they were off $50 to $75.00.
I am not holding my breath however.Notwithstanding, though, I would think that after 15 months of on-time credit and a negative history that is rapidly being updated by the big three bureaus,that I would qualify for more then $250.00 in credit. *****, At&T gave me more then that when I applied for a digital phone about three months ago.
Well, the customer service rep. was nice and knowledgeable. I will update everyone here once a decision is made. Has anyone had any negative experiences with First Premier Bank?
I would reccommend this card for the person just beginning to rebuild their credit. But for the person almost 2 years in, I would not even apply.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
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Posted: Sat Jan 08, 2005 3:07 pm
Post subject: First Premier Credit Card
dave
Date: 10/2/2000 11:14 pm CDT
mmm....let's see. A credit card with a $250 limit that costs $172 per year unless you use it and then you pay 18% on top of that. this looks like a no-brainer. even people just out of bankruptcy can get better deals than this.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Sat Jan 08, 2005 3:07 pm
Post subject: First Premier Credit Card
James
Date: 10/4/2000 6:23 pm CDT
I actually had a PREMIER Visa a few years back after having some very bad problems with my credit. Although the initial fees were around $175, I did realize that no one else was going to approve me and I bit the bullet and took the card. I had a credit limit of $250, but after six months of on-time and more than the minimum payments, they increased my credit limit. After about a year and a half I got Capital One offers and Providians, now about three and a half years after I started, I now have limits of $3000 with both Providian and Cap One. I gave up my PREMIER card about two years ago, but it gave me a start and helped me get to where I am today. Plus, every time I called customer service, it seemed like I was always talking to a real fox!
Posted: Sat Jan 08, 2005 3:07 pm
Post subject: First Premier Credit Card
tim
Date: 10/2/2000 6:21 pm CDT
Just recieved my First Premier Bank Mastercard approval letter. I really don't think it is the card for me.After having credit problems about 5 years ago, I was able to open up a Providian Visa and another Mastercard about 18 months ago.
Since then my Providian credit limit doubled and I transferred my Mastercard and cancelled it in order to take advantage of a lower interest rate.
Now comes First Premier with an 18% interest rate and only a $250.00 limit which has all but $78.00 delegated to the annual fee, program fee and monthly participation fee. There is only * $78.00 * of credit on the card and I have not used this card yet.
I called and was transferred to an account specialist and after 20 minutes he waiwed a $19.00 set-up fee. He said he would give my file to another dept. to asses my credit limit. He stated" maybe they were off $50 to $75.00.
I am not holding my breath however.Notwithstanding, though, I would think that after 15 months of on-time credit and a negative history that is rapidly being updated by the big three bureaus,that I would qualify for more then $250.00 in credit. *****, At&T gave me more then that when I applied for a digital phone about three months ago.
Well, the customer service rep. was nice and knowledgeable. I will update everyone here once a decision is made. Has anyone had any negative experiences with First Premier Bank?
I would reccommend this card for the person just beginning to rebuild their credit. But for the person almost 2 years in, I would not even apply.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Sat Jan 08, 2005 3:07 pm
Post subject: First Premier Credit Card
dave
Date: 10/2/2000 11:14 pm CDT
mmm....let's see. A credit card with a $250 limit that costs $172 per year unless you use it and then you pay 18% on top of that. this looks like a no-brainer. even people just out of bankruptcy can get better deals than this.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Sat Jan 08, 2005 3:07 pm
Post subject: First Premier Credit Card
James
Date: 10/4/2000 6:23 pm CDT
I actually had a PREMIER Visa a few years back after having some very bad problems with my credit. Although the initial fees were around $175, I did realize that no one else was going to approve me and I bit the bullet and took the card. I had a credit limit of $250, but after six months of on-time and more than the minimum payments, they increased my credit limit. After about a year and a half I got Capital One offers and Providians, now about three and a half years after I started, I now have limits of $3000 with both Providian and Cap One. I gave up my PREMIER card about two years ago, but it gave me a start and helped me get to where I am today. Plus, every time I called customer service, it seemed like I was always talking to a real fox!
posted by CardRatings.com at 11:20 AM
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