Centennial® Classic Credit Card

Over $250 in fees the first year. Unbelievable

Actually 250 on the first bill. Thats crazy

I had a similar one - the rip you off when you are down - my credit line was $300, but $270 in fees - they shouldn't be allowed to do this or advertise on this site.

$250 ??? wow crazy should be out of business

You get a credit limit of 250-350 dollars but are charge 250 dollars in charges on your first bill. I didn't apply for this card, luckily I read the fine print. Posting this here for others so they understand this card will do little to help your credit as you don't have very much spending power to build reliable payment history. it actually will decrease your score because your spending is so close to your credit limit simply with the fees involved. Not a good offer and bad for your credit report.

**WARNING: If you APPLY for this card you are agreeing to pay the fees associated with the acount. Failure to do so will put you in collections and leave you with a even lower score. The amount billed is DUE not billed, when you get the first bill. Consumers beware, As close to a scam as it gets!

thanks for the info. I was considering this card. Won't now!

Applying for this card is the equivalent of spitting into the wind.

I think that it sucks to pay the fees. however once you do pay the fees, you can use like a regular credit card. I don't have this one, but i have one that is similar with all the fees. My credit is bad, so i suppose i have to pay for it.

This is nothing more than a scam that targets desperate people in desperate situations. It is a new twist on a payday loan, instead here they charge you the huge fees before you even get any money.

You are better off trying HSBC. They too, offer only $300 credit limits to those with bad credit. They also charge a yearly fee of about $39.00. But that is it. Much better deal then $270 in fees.

However, there is some big truths in what the first poster said. If you have a low credit limit, you will most likely max out your card fast. This DOES affect your credit score. Part of your score is based on debt ratio.

If you are truly wanting to improve your debt, the HSBC is better to help you (in my opinion). Just try to only use about $80.00 of the $300 limit and pay off the full balance each month.

If you max this card out, you will have accomplished nothing to help your credit.

Believe me - I have learned from the past, as I struggled to come out of a Bankruptcy many years ago. Building your credit score takes time and self-control.

I have poor credit and opened this card because lack of approval for any other cards. It has worked great for me yes they did charge me $270.00 but it has indeed helped my credit score since I have been using it.