http://www.amazon.com/gp/cobrandcard/marketing.html/ref=cobrand_ch_s1/104-8918050-9643157?ad=0001&pr=stu&inc=def&place=marketing&plattr=none&imp=10023874701&type=S&refplace=marketing_con

Go here to learn all about credit cards

http://www.creditcardflyers.com/credit-education/

The fact is the rate is infinity because they aren't actualy loaning you any money. They are charging you interest on your own money. Cut the thing up with a pair of sizors and cancel the account.

.Received in the mail, an approval notice from First Premier, that I had been pre-approved for a credit card. All I needed to do was send in the processing fee ($49.00), sign the short form and receive my card. I read the small print where there was an annual fee and it would be added to the card – Cool, because it was something like $59-75 – I don't remember exactly, but it was acceptable at the time.

I received the card, removed the strip and on the accompanying leaflet was how much I had been approved for ($350.00). I was excited because my daughter was making a trip out of state and I was going to be tight money-wise. So I went to charge some necessities for the trip. Got the suprise of my life to find out that my purchase was declined. I was embarrassed so I asked the cashier to please run it again, because there must be some mistake. The purchase was declined a second time, The cashier suggested that I call the company.

Went home, called First Premier and was asked if I had received the agreement in the mail. I replied that I had not. She said that it should have accompanied the card (it did not). She said it explains all the charges related to the card. I asked that she explain it to me since I had her on the phone. She then explained that from the $350.00 Credit Limit, that I had $14.00 Credit Available, that they had applied fees for this and fees for that, etc.

I told the First Premier Customer Service Person that I was sending their card back and explained to the lady, that since I had not charged anything, I did not owe them anything. She said that they would take a settlement and I could pay them $175.00 and be done with it. I said 'Lady, I have not even used your card, I will be sending it back, so take my name off your list'.

To this day, I am still receiving notices where they have reported me to the Credit Bereau's and recently noticed that they have sold the account to a collection agency and they have added some more charges to the $350.00 and now they say I owe them somewhere in the neighborhood of $800+.

If anyone knows how to get them off my back, please reply. If anyone else reads this – Don't Do It!!!!

Be careful with these store cards… they are expensive to maintain.

http://creditcardforum.com/store-issued-cards/728-macy-s-credit-card-warning.html

If you're unsure, you could try contacting another attorney from Legal Aid for a free second opinion, although I doubt your attorney would give such seriously erroneous information. I know that there legal fees are ginormous, but why not ask him to spell it out to you, show you previous cases where this ruling was upheld, etc.