The First PREMIER Bank Mastercard Credit Card charges an application-processing fee, an annual fee, and a monthly fee. The exact amounts depend on the credit limit you're assigned, but the processing fee could be anywhere from $25 to $95. Unsecured credit cards for bad credit come with processing fees and low credit limits in general, so that's why.
There are no-processing-fee-alternatives for bad credit though, like the Discover it Secured and the Capital One Secured. Most secured cards do not have processing or annual fees and the Discover it Secured even enables you to earn rewards.
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