Comments on: First PREMIER Bankcard Offers Customer 79.9% APR Credit Card

By: marcocarbajo

marcocarbajo — Tue, 23 Feb 2010 04:18:12 +0000

While the card is intended for consumers with less than perfect credit it's important to note that First Premier Bank itself is flagged as a high risk credit card issuer with the Fair Isaac Corporation. So having this card does not help rebuild your credit score it actually hurts it. As an alternative I would suggest Orchard Bank which offers a secured credit card that you can open for as little as a $300 deposit. More importantly Orchard Bank is not considered a high risk issuer.

You can find other credit info for small business at:

http://businesscreditblogger.com

By: alwhite

alwhite — Fri, 12 Feb 2010 22:54:37 +0000

That is so true. The CEO of Premier BankCard and it's broad of directors should be ousted from the banking industry. I'm sure that the majority of Americans would agree.

By: mastercard credit card or first premier bank? | VANSCHILTCONSULTING.COM - Credit Cards

Thu, 11 Feb 2010 13:14:39 +0000

[...] http://www.americanbankingnews.com/2009/10/15/first-premier-bankcard-offers-customer-79-9-apr-credit…References : Brian Commented on 11/02/10 at 2:29 pm [...]

By: Is First PREMIER Bank Platinum MasterCard the Worst Credit Card Ever?

Is First PREMIER Bank Platinum MasterCard the Worst Credit Card Ever? — Tue, 09 Feb 2010 19:58:54 +0000

[...] No amount of peppy branding or “UP” messaging can cure the confiscatory fees that put this card in the running for “worst ever.” Distracting sophistry aside (“Response in 60 Seconds!” Low APR!” “5% Rebate for on-time payments!”), this card is a financial disaster. Now First PREMIER doesn’t target people with pristine credit with this card “[b]ecause we know that bad things happen to good people.” But hasn’t the sub-prime consumer suffered enough? A different card from First PREMIER features an annual fee of $75 and an unprecedented 79.9% APR: [...]

By: adammannis

adammannis — Mon, 11 Jan 2010 17:44:16 +0000

So you're proud to work for a company that admittedly prowls the dredges of of creditable consumers and offers those who have proven they cannot responsibly handle credit outrageous ways of getting into yet more debt and trouble. I am among those who have poor credit.. I made a lot of financial mistakes and am now paying the price. This seems to me to be no different than a drug dealer pushing his product off onto a know addict. I received this offer at 59.9% and about fell out of my chair.

By: Refile News Channel » Article » Premier BankCard Rate Increase to 79.9 Percent is Old News

Sat, 19 Dec 2009 19:53:41 +0000

[...] The first news online of the increased interest rate went unnoticed for two months. Yes, two months is old news by internet standards. How did they keep it from mainstream news? You can read it here. [...]

By: Champwithin

Champwithin — Sat, 19 Dec 2009 16:38:48 +0000

Randy your on the right track….while talking to the credit card department of my bank, they told me if everyone paid their bill each month the bank would close its credit card division because the bank wouldn't make anything on it. That's why when they see an account that is being paid each month they increase the credit limit to tempt that person to spend to a point where they can't pay regularly so the bank makes money on that account. Actually, this crazy scheme could be the start to all of us going back to operating on cash, by making credit so impossible to obtain we just have to operate on cash. Yes you do need a credit card for such things as renting a car or hotel room, so if this is the only card you can get, you only use it for things like that and focus the rest of your budget on bringing your expenses down to where you can operate on cash and try to even save a bit. I would encourage all to read to excellent books on financial planning 1. The Wealthy Barber by David Chilton and 2. Debt Free Living by Larry Burket.

By: billybobbyb

billybobbyb — Sat, 19 Dec 2009 10:26:42 +0000

Carl…Lets re state that shall we?

How about… It costs too much for those who can't afford it… Which is why its evil to take advantage of such deceptive fine print. Like many you will first abreviate while forgetting about half the argument… then you will critique. A common tactic for those who want to forget about half the argument.

By: |The Big Bad Wolf of Credit Cards « Total Score Repair

|The Big Bad Wolf of Credit Cards « Total Score Repair — Wed, 09 Dec 2009 23:46:10 +0000

[...] Read Mr. Hageman’s entertaining story here: http://www.americanbankingnews.com/2009/10/15/first-premier-bankcard-offers-customer-79-9-apr-credit... [...]

By: |The Big Bad Wolf of Credit Cards « Elite Debt Management

|The Big Bad Wolf of Credit Cards « Elite Debt Management — Wed, 09 Dec 2009 23:44:11 +0000

[...] Read Mr. Hageman’s entertaining story here: http://www.americanbankingnews.com/2009/10/15/first-premier-bankcard-offers-customer-79-9-apr-credit... [...]