Maria Adams, Credit Cards Moderator
@m_adams
A First Premier credit card works like any other credit card, on a "buy now, pay later" basis. When you make a purchase using a credit card, you are essentially borrowing money from the credit card’s issuer to make the transaction, which you repay at the end of the billing cycle, either in part or in full.
You won’t pay any interest if you pay in full, though if you do not pay in full, then interest charges will apply. However, a First Premier credit card has with one major difference: it has very high fees.
Things to Know About First Premier Credit Cards
You will be charged a one-time fee or required to put down a refundable security deposit when you open a First Premier credit card account, depending on the card you choose. Both of First Premier's credit cards have annual and monthly fees, which are determined based on your creditworthiness.
You can apply for the First PREMIER® Bank Mastercard Credit Card which has an APR of 36% or First PREMIER® Bank Secured Credit Card with an APR of 19.9%. On the plus side, First Premier reports your activity to the major credit bureaus (TransUnion, Experian, and Equifax) on a monthly basis.
Keep in mind that there are better offers available from other issuers. If you have bad credit or no credit, there are plenty of other, more favorable credit cards you could try getting.
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People also ask
Is First Premier a real credit card?
Yes, First Premier is a real credit card issuer that offers Mastercard credit cards. It accepts applicants with bad credit and offers both secured and unsecured credit cards that can help you build or rebuild your credit history.
First Premier unsecured cards may seem attractive because they are relatively easy for people with bad credit to get and don’t require a deposit. But, they do charge several fees that make them expensive cards to...
read full answer by Theresa Chalfant, WriterHow can I get a credit card with bad credit?
You can get a credit card with bad credit by applying for a secured credit card or an unsecured credit card for bad credit. Secured cards have lenient credit score requirements, making them accessible even if you have bad credit. But you will have to place a refundable security deposit that will serve as your credit limit.
Some secured credit cards don’t even check an applicant’s credit history, which means there’s no hard pull to hurt your credit score further. Plus, past...
read full answer by John S Kiernan, Managing EditorWhat is the $95 program fee for First Premier Bank?
The $95 program fee for First Premier Bank is the maximum one-time charge you must pay before you can open a First PREMIER® Bank Mastercard Credit Card account. The program fee ranges from $55 - $95, with the lowest program fees reserved for accounts with the highest credit limits.
First Premier Bank Program Fees
| Initial Credit Limit | Program Fee |
| $200 | $95 |
| $300 | $95 |
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