First Premier

[Tamika04]

I've had my First Premier card for 6 months now and I received an offer in the mail from them saying I was guaranteed approval on a second card at 9.9%.

After reading some more I see that this new card would have a minimum balance of $250 but only $72 available because of all their start-up fees.

Has anyone else gotten on of these offers from them? Do you think that I could call them and try to get a credit line increase on my current card instead?

[lyle7289]

You will need to "pay" for your CL increase. Be carefull of First Premier. They are a great "starter" or rebuilder card, but I wouldn't want two of them at those rates.

Just my opinion, of course.

Regards,

Lyle

[SPRING'M]

When I got their card about a month ago I called them and had the fee's reduced in half. I have a friend who just got them to drop the $6 a month fee.

I was told upon activation they would not CLI until 6 months. Maybe since you already have them they might bump it but I would bet you could qualify for a better card at this point.

[ThePeacock]

My wife has several prime cards, BofA, 2 AMEXs, Juniper, Household. It was funny to get another rebuilder card after she had come so far. I remember when we would have begged for this offer. But it was the best from First Premier I had seen.

$500 guarnteed limit with only $74 balance when card arrives but $10 in monthly fees. 23.75% interest.

[wicked_wisdom]

Be very very careful with First Premiere. With the $250.00 in fees et cetera tacked on when you get the card, its easy to get overwhelmed.

Before I quit the good paying job that i hated to return to university, i'd only use the card sparingly. Like for gas or books and then pay it off immediately.

FP customer service is terrible. None of their on the phone people know didly squat. I'd always make them give me a name and badge number when i spoke to them. Try to speak to a supervisor or manager if you need to call in.

[Tamika04]

Thanks you guys! I think I will rip up the approval and just wait a few more months and see what they do. Hopefully they will give me an automatice CLI.

[MissaFraQ]

I received the same offer and after checking the "fine print" - I trashed it immediately.

[Slow Eddie]

Do not go with First Premier. Never take a card from anyone with excessive "one time initiation" fees or monthly enrollment fees.

I see you have a household bank card, you should apply to orchard bank. Its the same company so there is no reason for you to be declined. I had both during my rebuild and although the CLI's were slow they at least acted like a true credit card company with no shady charges besides annual fees.

Eddie

[trich701]

So tell me, what is the difference between obtaining a card with excessive start up fees that has a low interest rate and reports as unsecured. Than getting a secured card, and having to place upwards of $300 upfront with a higher interest rate, and having the “secured” tagged on to your report? To me, the fees are just a way to circumvent the secured account option.

How long does it take First Premier and Chevron to show up on TransUnion? I noticed that both of these cards are showing up on my CSC and Experian, but not yet on the Equifax/CSC. It has only been about two months.