You can only get a First Premier Bank $700 credit limit if you’ve received an offer in the mail for one of their unsecured credit cards or if you put down a $700 deposit for the First PREMIER® Bank Secured Credit Card. Otherwise, if you apply for an unsecured First Premier credit card, your credit limit will most likely be $300.
It is also worth noting that you won’t get to enjoy the full credit limit right away, as the monthly and annual fees will take away from that limit immediately. The amounts of these fees will depend on your creditworthiness.
For instance, the Surge Credit Card is a great option for those looking for a high credit limit, even with bad credit. This card's starting credit limit ranges from $300 to $1,000, based on the applicant’s creditworthiness.
Your First Premier credit card limit will be $200 to $700 to start, depending on which card you get from First Premier Bank and your overall creditworthiness. First Premier will consider factors such as your credit history, income and debt when determining your credit limit.
For example, their secured offering - the First Premier Secured, will offer a limit of $200, but after the annual fee is charged you'll have $150 in available credit. After at least 12 months, you will be able to ask for an increase (up to $5,000) and you'll get charged a credit limit increase fee in the amount of 25% of the amount of the credit limit increase.… read full answer
For the other First Premier Bank credit cards, the unsecured ones, your credit limit could be anywhere from $300 to $1,000, depending on what First Premier thinks of your overall creditworthiness.
But, for example, if you’re assigned a $300 credit limit, you will have to pay a $95 processing fee before opening your account and then a $75 annual fee once you do, giving you just $130 in borrowing power to work with.
You can get a First Premier Bank credit limit increase by making a request either online or through the mobile app. You can also request one over the phone at (800) 987-5521. Alternatively, you may also get an automatic First Premier credit limit increase if your account is open and in good standing for at least 13 months.… read full answer
Keep in mind that eligible First Premier cardholders that qualify for a credit limit increase upon request will have to pay a fee equal to 25% of the increase amount.
How to Get a First Premier Bank Credit Limit Increase Online
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.