Discussion in 'Credit Talk' started by lucy, Mar 28, 2001.

  1. lucy

    lucy Well-Known Member

    Does anyone know anything about First North American National Bank? It is a Circuit City/CarMax company. I received an application in the mail from them today, which I do not recall requesting. Only thing I can figure, I sold a car to CarMax about 6-8 months ago. Anyway, does anyone know what their approval rate/requirements are? It doesn't look like a prime card, as the interest rate is 22.05%, with a 25 day grace and $25 annual fee. Any information would be appreciated, as I don't want to waste yet another inquiry as I did on Travelocity this morning.


  2. Dani

    Dani Well-Known Member

    Hi Lucy,
    There was a thread a couple of weeks concerning this bank. I would hit search and type in FNANB. It is a prime card (typical interest rate ranges from 14-23%, I believe). There approvoal rate is pretty lenient for persons with a negative or two on their credit report. No annual fee and if you have been a good paying customer they will remove the occassional late fee without a lot of harassing. Hope this helps.

  3. Dani

    Dani Well-Known Member

    Sorry Lucy for the misinformation. I just read they're charging an annual fee now. It must be something they began recently. If approved you could probably get it dropped though.

  4. lucy

    lucy Well-Known Member


    Not according to the info I received. The interest rate is 22.05% with a $25 annual fee.

    I called the so called customer service number and she said she couldn't give me any information on their criteria, but they have a card for almost anyone. Somehow I doubt it. I have only managed to get a First Premier and CCB card, I couldn't even get an Orchard Bank card. I doubt that it's worth my time to fill it out and send it in. I did read the thread you refer to, and it didn't help me at all.
  5. Dani

    Dani Well-Known Member

    I'm sorry I couldn't help you. My dad had the card for a couple of years (closed it last year) and his interest rate was 14.99%, I think. At the time they didn't have the annual fee and they were pretty good on increases, too. As you said, they probably have a variety of cards which explains the difference in interest rates and fees.

  6. info

    info Guest

    Ask them if they have a URL Link (website)
    Then post their Web Address on the board. Thanks
  7. DaveLV

    DaveLV Well-Known Member


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