I got a small credit line as well. However, I didn’t much care because I was only doing it for the $150 bonus.

The problem I had with them is that they are way to into fraud. A $6.97 transaction at Walmart after a month of usage shut me down, and another charge for $16 at the 5 month mark did the same thing. Calling to deal with it was a pain.

I’m keeping the card to get the 10% bonus points on the anniversary and cashing them out. I’ll never use the card again. I can’t run the risk that they’ll fraud my account again if an autopay were to come through.

I also wouldn’t feel comfortable traveling with the card. After calling to unfraud from my cell, they called my house phone to double check. If I were traveling, there wouldn’t have been anyone to answer the house phone.

I will say to pay attention to the redemption thresholds. I redeemed only $100 so that there was $50 in reserve to be able to do a $50+ redemption to get the straggling annual bonus points out.

@backsplatter What assumptions did you make? I used it, and I think the numbers run way high. It also ignores the fact that you can manipulate your income and get on expanded Medicaid and pass your costs off on to society. Which is what I do, and I only pay for my dental (about $300/yr) and glasses.

@mistered I’d rent it out and make some money off it until the bank forecloses.

Don’t do it. I did this offer. I then went to Disney World in FL. They called and said they were closing my account because it looked suspicious to open an account and then take a trip across the country. I said, “It’s an Anywhere Account,” and they wouldn’t budge. The account closure caused a lot of issues when my direct deposit was in limbo (I couldn’t change it in time), and they dragged their feet giving me my money back.

They closed out my friend’s account too. He’d used the mobile app to deposit a check. Because his work phone sends an out of state IP address, they accused him of accessing their system from “all over the country.”

If you’re just opening the account for the $200, there’s a real anecdotal risk you’ll never get the bonus and have to do unnecessary work to fix the mess First Bank causes.