Bianca Smith, WalletHub Credit Cards Analyst
@bianca_stoian
The First PREMIER Bank Mastercard is an unsecured credit card for people with bad credit that's issued by First PREMIER Bank. It gives a small credit line, which allows you to buy now and pay later, and using it responsibly can improve your credit score over time.
KeyThings to Know About First PREMIER Bank Mastercard
- One-time fee: $55 - $95
- Annual fee: $50 - $125 1st yr, $45 - $49 after
- Monthly fee: $0 - $8 1st yr, $6.25 - $10.4 after
- Minimum credit required: Bad
- APR for purchases: 36%
- Rewards: None
The First PREMIER Bank Mastercard may seem attractive because it's relatively easy for people with bad credit to get and doesn’t require a deposit. However, it charges multiple fees, whose amounts depend on your creditworthiness and the credit limit you get offered, that can make it expensive to own. The First PREMIER® Bank Secured Credit Card is less costly, with a $50 annual fee on top of a minimum $200 deposit.
If you’re not loyal to First PREMIER Bank and want to explore more options, feel free to check out our editors’ picks for the best unsecured credit cards for bad credit and for the best secured credit cards.
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