Should I apply for a 1st Financial Bank credit card?

Question

No application fee,
No annual fee,
No interest charges,
(0% APR fixed) on purchases up to $250.00.

Since I will be a college student soon, what the hell right? I should get an "emergency" credit card. The downside is if you miss your payments "as low as $10 per month on balances up to $250 a month" they throw a 23.95% interest rate at you... What the hell?

I don't know if i should do it. Can someone please explain this to me, in ENGLISH, no high term-business vocabulary to ensure I understand this coherently; what does this means and what consequences do i face?

Answer 1

I have 1st fiancial bank and I have had them 7 years and always been happy. Yes, if you default on ANY part of the agreement (late payment, overlimit, etc) you get the default rate- but guess what? ALL credit cards do that. It should go back down if you're good for 6 months.

Tell them you are a college student-- they should be more lenient on application requirements.

Be careful not to charge too much. To help your credit score most, you want to stay below 25% of your limit.

NEVER use every last dollar. If the interst gets tacked on at the end of a billing period and puts you over your limit, you get hit with a $35 late fee-- and that high APR rate. That's how ALL Cc's work.

Answer 2

First Financial Bank Credit Card

Answer 3

First off, it depends on your age. If you havn't had "credit" you most likely will NOT get approved for the card. They deny people based on credit be it good or bad.
Point blank, it's HARD to have credit cards because any time that you run out of money or don't have money you say, "oh I'll use my card just this ONE time"

Also, 23.95% intrest rate, OUCH!!
I have a 12% intrest rate on mine and that is EXTREMELY high considering the good credit that I have.
Now you have to be careful because some credit card companies say they will only charge the intrest rate if you MISS a payment. My dad just got done fighting with his credit card company because they "claim" they havn't been receiving his payments on time, however the processing center for his credit card is in the same city and he mails the payment about two weeks before its due.
This seems to be the up and coming trend with credit card companies!!

No application fee, hmmmm that sounds weird!! are you sure about that? Do they not want something to start the card for you? Such as having so much in the account in order to use it?
That is basically a "secured" credit card.

Answer 4

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RE :Should I apply for a 1st Financial Bank credit card?
No application fee,
No annual fee,
No interest charges,
(0% APR fixed) on purchases up to $250.00.

Since I will be a college student soon, what the hell right? I should get an "emergency" credit card. The downside is if you miss your payments "as low as $10 per month on balances up to $250 a month" they throw a 23.95% interest rate at you... What the hell?

I don't know if i should do it. Can someone please explain this to me, in ENGLISH, no high term-business vocabulary to ensure I understand this coherently; what does this means and what consequences do i face?
Follow 6 answers

Answer 5

This is the credit card I got when I first went into college. It's actually a really good offer, and they mean what they say... except... if you go over your limit, they (like any credit card company) WILL screw you over... are you good with being able to only spend the money you have? do you have self control? these are a couple questions you need to ask before you get this card, because when i had it... i charged... i knew i shouldn't have, but i did, and wound up with pretty big credit card debt, and when you go over, they hit you with the highest intrest they can... that's how they make their money. right now, i'm working on paying $3000 dollars to my parents (intrest free) because they paid it off for me, and i certainly learned my lesson..... btw.. i didn't spend $3000.. maybe closer to $1500, but that's what it came out to with intrest.....

talk to your parents

decide if you think you can be smart about this card.

other than that, this is definately a good choice for an "emergency" card.

Hope this helps

Answer 6

Oh my god, no dont do it. THEY SUCK and call your house alllllll the time asking youto upgrade to 500$ then to 800$ capital one is great i think. if at all stay away from credit cards unless you really have the money to pay them off as soon as the bill comes....and that 10$ a month only covers intrest it does'nt make your bill any smaller and that intreset rate is high!

Answer 7

Thanks to each and everyone of you for the answers.