A First Premier credit card works like any other credit card, with one major difference: it has insanely high fees.
Depending on the card you choose, you will either have to pay a refundable security deposit or a one time fee. All of First Premier’s cards have annual and monthly fees, decided based on your creditworthiness. You can apply for one with bad credit or no credit score at all.
There is a fixed rate, though: First Premier’s APR of 36% for its unsecured cards and 19.9% for its secured credit card.
On the plus side, First Premier reports your activity to the major credit bureaus TransUnion, Experian and Equifax.
I wouldn’t suggest applying for any of the cards First Premier has to offer. If you have bad credit or no credit score at all, there are plenty of other, more favorable credit cards you could try getting.
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