I just received an "offer" from First Premier Bank for a platinum Mastercard.
If you receive this so-called "offer" in the mail... just shred it. I just shredded mine after reading the "initial" terms. Yes, pay $95.00 and receive a card with a $300 credit limit! Woopie!
I applied for and received the Hooter's Credit Card (from Merrick) and was given an initial credit limit of $1,000, with $1,000 available for cash advance, no annual fee, and 16.45% rate (okay, but not terrible).
Please know that having "low" credit limits on credit cards also affects your credit score. Don't apply for these $300 limit cards that seem to consume your balance before you even begin. Get the facts! Say no to these new predators.
I'm so glad I shredded that "offer" because it was worse for my credit than you could imagine. I have only two credit cards in my wallet. The (unsecured) Hooter's card and a $1,000 unsecured card from my bank. I learned to live on 2 check/debit cards (checking account tied) for 2 years. I can do without First Premier's junk credit card.
If you receive this so-called "offer" in the mail... just shred it. I just shredded mine after reading the "initial" terms. Yes, pay $95.00 and receive a card with a $300 credit limit! Woopie!
I applied for and received the Hooter's Credit Card (from Merrick) and was given an initial credit limit of $1,000, with $1,000 available for cash advance, no annual fee, and 16.45% rate (okay, but not terrible).
Please know that having "low" credit limits on credit cards also affects your credit score. Don't apply for these $300 limit cards that seem to consume your balance before you even begin. Get the facts! Say no to these new predators.
I'm so glad I shredded that "offer" because it was worse for my credit than you could imagine. I have only two credit cards in my wallet. The (unsecured) Hooter's card and a $1,000 unsecured card from my bank. I learned to live on 2 check/debit cards (checking account tied) for 2 years. I can do without First Premier's junk credit card.
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