First Premier Bank gives an initial credit limit between $200 and $700 on its credit cards, but the monthly and annual fees take away from that limit immediately. So you won’t get to enjoy the full credit limit right away. The amounts of these fees will depend on which credit limit you are assigned. For example, if your First Premier Bank credit limit is $700, your annual fee will be $79 and your monthly fee will be $8 per month for the first year. There would also be a one-time setup fee of $55.
To qualify for the First Premier Bank credit card with a $700 limit, you need to have a decent annual income to prove you can pay the bill on that credit limit. A recent history of on-time payments will also help. Credit limits are determined based on a review of those things.
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