First Premier Credit Card Review
First Premier Credit Card is from First PREMIER Bank, which is one of the top twenty issuers of credit cards with the MasterCard logo in the country and has served several millions of clients everywhere in the nation. The First Premier Credit Card is a card that is promoted to people with bad credit, people who got into that situation as a result of a divorce, illness or via the loss of a job. The First Premier Card, which is otherwise known as Premier Bankcard and First Premier, works just like the conventional credit card and unlike a prepaid debit card or secured card.
First Premier Credit Card Details
- Must have checking account to qualify.
- Unlike some other issuers, we may approve those currently building their credit history.
- Monthly reporting to the major Consumer Reporting Agencies.
- Issued by FDIC-insured First PREMIER® Bank.
- Only you can build a good credit history. Make your payments on time each month, and keep your balance low relative to the credit limit, for positive marks on your credit report each month.
- Top 20 Issuer of MasterCard Credit Cards
RATES & FEES
|Purchase Intro APR:||N/A|
|Purchase Regular APR:||36%|
|Cash Advance Fee:||Either $6.00 or 5% of the amount of each Cash Advance, whichever is greater.|
|Cash Advance Regular APR:||36%|
|Balance Transfer Intro APR:||N/A|
|Balance Transfer Regular APR:||N/A|
|Balance Transfer Fee:||See Issuer Website|
|Annual Fee:||See Issuer Website|
First Premier Credit Card Benefits
The First Premier permits users to have access to money but only up to a fixed limit, and then allows them to pay off their balance at the end of every month. First Premier publicizes the fact that the card may assist in building, rebuilding or reestablishing credit history if payments are made promptly to all creditors and the balances on each account is kept to a minimum concerning the credit limit.
First Premier Credit Card Drawbacks
There was a time when First Premier used to offer two different credit cards, which were the Centennial card and the Aventium card. But at the moment, it issues only one of such cards which come with a credit limit of $300, and this depends on fluctuations of creditworthiness. They do not offer any cash back program or rewards. Another noteworthy drawback is that although clients are free to increase their credit limit, they will be charged a fee which has grown to about 25%. For instance, increasing the credit limit to say, $400, a client will have to pay out $100. This is a bit unfair, for only those who carefully spend money will be qualified to increase their credit limit, even as they end up paying highest fees.
First PREMIER Bank, P.O. Box 5524, Sioux Falls, SD 57117-5524