I am holder of the First Premier Bank Visa credit card. You know, the one with the $250 credit limit. I'm very unhappy with this card. I've had the same low credit limit for almost two years. I'm tired of paying $7 to make a payment online. I'm tired of paying the annual fee monthly instead of annually. As of now, I know I have a balance on the card, can you please tell me the steps to closing my account without hurting my fragile credit score?
Many credit card companies see the marketing potential in college students. Credit card companies use promotional offers and free gifts like t-shirts, coffee mugs, or CD's to entice students on signing up for their company. Have you ever asked why? Loyalty is a good reason. Credit card companies are competing to be the first credit card that the student will own. By being their first credit card, it is very likely that even when they graduate from college and enter the corporate world, students will be upgrading their credit cards with the same credit card company.