I recieved a "pre-approved" offer yesterday from 1st Premier Bank. They were offering both a visa and m/c with a credit line of $250 - $1000 on each. processing fee $28 per card acceptance fee $119 per card annual fee $50 each monthly participation fee $6 each apr 18.9% on balances less than $1000 16.9% on balances over $1000 Gee, do you think they'd let me have maybe 5 or 6 accounts?
This sounds like a TERRIBLE card, you will be out of at least $200 on a card with a $250 limit BEFORE you even charge anything. Call Providian.......
Wow! Their smoken CRACK! Don't even bother. Call Providian or Capital One. At leas they don't make you come out the pocket like that.
Once they increase your limit to $20,000, and you max out the card, you will find that your interest and fees add up to less than 18% of your balance. Your processing and acceptance fees will in retrospect have been less than 1% of your balance. Of course, if it takes a limit of $20,000 to make the card worth having, it will never be worth having.