First PREMIER Bank does not offer price protection on any of its cards. In general, credit card price protection allows eligible cardholders to receive a refund for the difference between an item’s original purchase price and a lower price advertised within the following 60 to 120 days. Coverage amounts and excluded items vary, depending on the credit card issuer.
First PREMIER Bank’s lack of a price protection benefit is not uncommon these days, as more and more issuers are choosing not to include the benefit on any of their credit cards. Recent advances in price-tracking technology have led to a dramatic increase in price protection claims, making the benefit too expensive for issuers to sustain.
You can get pre-approved for a First Premier credit card if you fit the issuer's criteria and receive a mail offer. After receiving a mail offer, enter your confirmation number on First Premier Bank's dedicated web page to apply. If you can't find the letter with the enclosed confirmation number, you can click "Look up your confirmation number" on the same page to retrieve it. … read full answer
A pre-approval offer will only trigger a soft pull on your credit, but it doesn't guarantee you'll be approved. An actual application will result in a hard pull on your credit, lowering your score for a short period of time.
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.
To get a First Premier Bank credit limit increase, the account needs to be open for at least 13 months and kept in good standing, with on-time bill payments and no maxed-out credit limit. Eligible First Premier cardholders may qualify for a credit limit increase upon request, though there is a fee equal to 25% of the increase amount. You can request a higher limit online or by phone.… read full answer
How to Get a First Premier Bank Credit Limit Increase
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