Yes, the Premier Bankcard is a credit card. The First PREMIER® Bank Mastercard Credit Card is an unsecured credit card for people with bad credit, though it is not the best option for any applicant, regardless of their credit level, due to its high fees and interest rates. The First PREMIER® Bank Mastercard Credit Card charges a one-time fee of $55 - $95 and has an expensive regular APR, as well as hefty annual and monthly fees.
On the other hand, the Premier Bank Everyday Rewards+ Card is issued by a different credit card company and requires at least good credit for approval. Although Premier Bank and First PREMIER Bank are similar in name, their respective credit card offers target consumers with different levels of creditworthiness.
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 card cash advance, use the credit card and a corresponding PIN at a participating ATM and withdraw the cash, up to the card’s available cash advance limit. If you do not have a PIN, contact First Premier Bank’s customer service at (800) 987-5521 to request one.… read full answer
There may be other ways to get a cash advance from your First Premier Bank credit card, too. For example, you can request a cash advance in person at a local First Premier Bank branch. You could also write out a First Premier Bank cash advance check and use it like a traditional bank check.
You should keep in mind that a First Premier Bank cash advance can be expensive. A cash advance fee and a separate cash advance APR apply from the moment of the transaction. If you have to get one, then it would be best to pay it off as soon as possible.
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.… read full answer
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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