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.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.