78 People Helped
Member Since: February 2009
Wow this is strange. You have to give them your contact info before they let you see the Schumer's Box. So I put in some fake stuff and got to see it.
You have to give them $500 to open the deposit account, which earns 0% interest. Then it's $9.95 a month maintenance on the account.
Here's the fees:
- Monthly Maintenance Fee $9.95 ($119.40 Annually)
- Minimum Finance Charge $0.50
- Foreign Currency Fee 1% of any transaction made in a foreign currency
- Cash Advance Fee: The greater of $5.00 or 5% of each Cash Advance which includes, but is not limited to, ATM and convenience check usage; Late Payment Fee: $32 or $35 (if your credit limit is greater than $1000); Overlimit Fee: $32 or $35 (if your credit limit is greater than $1000).
Deposit Account Information and Disclosures: The Deposit Account will not pay interest. The minimum balance required to open the Deposit Account is $500.
christoofar's response was:
DECLINED TU 747 EQ 739
WASTE OF AN INQUIRY
DECLINED. My brother tried for this one. TU 762 from myFICO. They cite inquiries. TU he has 2, EX he has 4, EQ he has 1. Even if your real FICO on myFICO is above 750, do not apply until all your reports show 0 INQs.
Discover gives out low lines even for folks above 720. Credit unions have cash rewards cards just as good as Discover and are taken by more merchants than Discover. Save yourself the hard inquiry and go for a major CU instead like Navy or Penfed.
Navy Federal got me a cashRewards $25,000 Visa card @ 12.25% APR and NO ANNUAL FEE. I'd like to see AMEX beat a credit union credit card any day. Oh wait, they CAN'T.
For a TU FICO 761 Chase only offered me $2,500. I declined the card and closed without activating. Navy Federal Credit Union gave me $25,000 at 12.25% APR.
Why would anybody want Chase's "Freedom"?
When you call to open the card, you will get a US cell center. Then from then on, all your calls will go to India. When you call to close the account? You will get the US call center again. Apparently they only care about you when you're calling to open the account, and to keep you from closing it.
That speaks volumes.
DECLINED TU FICO 761 EXP FICO 747
The brochure language seems to suggest this card goes a lot further towards making you realize how much you're spending and how much interest your spending is costing you. At least they do that work so that people who can't be bothered to calculate it on their own until they're in a pickle have that information. For that reason alone I give a thumbs-up. $0 AF is also a plus.
This is pure fiction. A 685 score is not "Excellent credit" by any FAKO estimator, especially not the real MyFICO one either. I would never believe AMEX would stoop so low as to approve below 700 since that's not the borrower they're looking for anymore.