SMART VISA...it is a dumb idea if you plan to transfer a balance. If you received a credit line of $11,000 and transfer $10,000 x .03 = $300.00!!! So your first months bill would include the $10,000 balance transfer + about $24.17 in earned interest + $300.00 for the balance transfer fee!!! EFFECTIVE RATE ABOUT 39%!!!
RE: FIRST USA SMART VISA BAD I thanks for the heads up--also if you make purchases on the 0% intro rate, none of your payments will go to the transferred balance, so you will never pay it down--only collect interest
FirstUSA BAD IDEA PERIOD! Regardless of what they call themselves, First USA is a subprime bank with substandard service. The only difference between them and other subprime banks is that they require their applicants to have excellent credit. The scams and poor customer service are the same as any other subprime company. Anyone in need of a subprime card should stick with Capital One, Providian, and Orchard. They, at least, have decent reputations. FirstUSA and any other company affiliated with it such as Bank One and Wingspan Bank should be classified in with the seedier and scummier institutions such as Cross Country Bank, Fleet, and First National Bank of Marin. For prime products, look more toward Wells Fargo, Capital One Platinum, Chase, Amex, Discover, MBNA, Pulaski, and Citibank.
I hear the words *First USA*.. and get sick to my stomach! :-( I hate these people more than the devil himself. I think it was GEORGE who mentioned in a post that some creditor have practices worse than the Mob! Anyone got John Gotti's address in jail? Maybe he'll buy my balace from those jerk offs and I can just pay him!