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First PREMIER® Bank Mastercard Credit Card

First PREMIER® Bank Mastercard Credit Card
1,509 User Reviews (1,509)
Info about the First PREMIER® Bank Mastercard Credit Card has been collected by WalletHub to help consumers better compare credit cards. The financial institution did not provide the details.
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minimum credit needed Bad

Minimum Credit Score Needed

Bad

Editor’s Take

Review: First PREMIER® Bank Mastercard Credit Card

  • Very expensive. The First PREMIER Bank Mastercard Credit Card charges an application-processing fee, an annual fee and a monthly fee. The exact amounts depend on the credit limit you’re assigned, but the processing fee could be anywhere from $25 to $95. The annual fee ranges from $75 to $125 the first year and $45 to $49 each year thereafter. And the monthly fee (waived for the first year) could be as “low” as $6.25 or as high as $10.40.

    Best case, you’ll have to pay roughly $290 in fees before the second anniversary of account opening. Worst case, you’ll have to shell out $404. In contrast, the average credit card would cost you about $34.7 over the first two years of use. And the best credit cards for people with the bad credit can be free to use.
  • Very little payoff. Your credit limit could be anywhere from $300 to $1,000, depending on what First PREMIER thinks of your overall creditworthiness. But remember, you won’t have all of that at your disposal to start with. Given the First PREMIER Credit Card’s high fees, you may actually wind with very little extra spending power, relative to what you can afford in cash.

    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. Such a paltry amount won’t go very far when you’re faced with emergency expenses. And emergency borrowing is the only reason for someone with bad credit to use an unsecured card instead of a secured card.
  • Market’s highest APR. The costs just keep on coming when you use the First PREMIER Bank Card. Balances carried from month to month will accrue interest at a whopping high annual rate. It’s by far the highest APR on the market, according to WalletHub’s database of 1,000+ credit card offers, and nearly double the 18.48% average among secured cards. Furthermore, as finance charges are added to your minimum monthly payment, you’ll have less and less borrowing power to work with the longer you carry a balance.
  • Far better alternatives. Regardless of your exact need, you can do better than the First PREMIER Bank Credit Card. If you want a credit card to rebuild your credit, rather than emergency borrowing, there are better options, like no annual fee secured cards.
1.0 / 5
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Credit One Bank® Platinum Visa® for Rebuilding Credit

Purchase Intro APR
Not Offered
Transfer Intro APR
Balance Transfers Not Allowed
Regular APR
19.74% - 25.74% (V)
Annual Fee
$0 - $99
Rewards Rate
0 - 1% Cash Back
Minimum Credit
Bad

First PREMIER® Bank Mastercard Credit Card's Key APRs & Fees

  • ONE-TIME FEES $25 - $95
  • ANNUAL FEE $50 - $125 1st yr, $45 - $49 after
  • MONTHLY FEE $0 - $8 1st yr, $6.25 - $10.4 after
  • REGULAR RATE 36%
  • GRACE PERIOD 27 days

First PREMIER® Bank Mastercard Credit Card's Highlights

  • Based on your creditworthiness, this card requires a one-time up front Processing Fee of $25 - $95, to be paid in full before the Credit Account is opened. If the Processing Fee is not paid in full within 85 days, the application will be withdrawn.
  • Fees reduce your available credit. For example, if your initial credit limit is $300, your initial available credit will be only about $225, given the $75 Annual Fee that is charged on the card.
  • Based on your creditworthiness and credit limit assigned, this card’s annual fee could be $75 50 - $125 in the first year, $45 – $49 after.
  • Based on your creditworthiness and credit limit assigned, this card’s monthly fee could be $0 - $8 in the first year, $6.25 - $10.40 after.
  • Your account history reports to the major Consumer Reporting Agencies
  • Use your card everywhere Mastercard® cards are accepted.
  • Each time your Credit Account is eligible for and approved for an unsecured credit limit increase, a Credit Limit Increase Fee in the amount of 25% of the amount of the credit limit increase will be assessed to your Credit Account.
  • *We are not affiliated with or authorized by First PREMIER Bank. The information herein has not been reviewed or approved by First PREMIER Bank.

First PREMIER® Bank Mastercard Credit Card's Additional Info

  • MAX LATE FEE $39
  • MAX OVERLIMIT FEE None
  • MAX PENALTY APR None
  • FOREIGN TRANSACTION
    FEE
    3%
  • SMART CHIP Yes, unknown
  • CASH ADVANCE APR 36%
  • CASH ADVANCE FEE 5% (min $8)

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Customer Questions and Answers

Don't see what you're looking for? Submit your question about First PREMIER® Bank Mastercard Credit Card to our community.

140

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Can I go over my credit limit? Reply 1410

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@WalletHub

No, unfortunately you can't, but you can be considered for a credit limit increase as soon as your account has been open for 13 months. You can find out more about how to increase your credit limit at: http://wallethub.com/edu/how-to-increase-credit-limit/25857/

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14 Upvotes

Can I get cash back from a store with my First Premier Bank Mastercard? Reply 135

Photo of WalletHub
@WalletHub

The First Premier Bank Mastercard does not allow you to get cash back when checking out at the register.

You can do a cash advance at an ATM, once you obtain a PIN from customer service, but we recommend avoiding such transactions whenever possible given how costly they are.

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13 Upvotes

Can I pay my First Premier Mastercard processing fee with a prepaid card? Reply 129

Photo of WalletHub
@WalletHub

You cannot use a prepaid card to pay the First Premier Mastercard processing fee. You will need a bank account with a debit card to perform this operation. Hope this helps.

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12 Upvotes

When you make your payment does it add up to your credit limit? Reply 117

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@WalletHub

Making a payment does not add to your credit limit, but it does free up some available credit for use. In other words, the amount of your payment can once again be used to make purchases. To actually get a higher credit limit, you will have to request an increase from your card’s issuer. You can learn more about that here: http://wallethub.com/edu/how-to-increase-credit-limit/25857/ . With that being said, it’s important to note that secured credit cards are a bit different. Because your credit limit will generally equal the amount of your refundable security deposit, you can increase your limit by adding to the deposit. More information about secured cards can be found here: http://wallethub.com/edu/secured-cards/19575/ . Hope this helps! Please let us know if you have any other questions.

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11 Upvotes

Where can I withdraw $1000 from my card? Reply 1110

Photo of WalletHub
@WalletHub

Unfortunately you cannot. Your initial cash advance limit is 10% of your spending limit, which is likely to be $300 to $500. It can jump to 50% of your spending limit after your account has been open for at least 90 days, provided your account is in good standing, but even that might not be enough for a $1,000 cash advance. That could end up being a good thing, too, considering that you’d get charged a 5% cash advance fee and your balance would immediately begin accruing interest at a rate of 36%. It’s not worth incurring such costs for anything but the biggest financial emergencies. With that being said, this card belongs to a network of 24,000 surcharge-free ATMs, and you can find the closest location here: https://firstpremier.com/locations/ . Please let us know if you have any other questions.

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11 Upvotes

How much is the First Premier Bank Mastercard cash advance limit? Reply 105

Photo of frankth19
@frankth19

Your First Premier Mastercard cash advance limit is 10% of your credit limit, or $30.

But you will need to obtain a PIN from First Premier before performing a cash advance.

You can reach their customer service department at 800-987-5521. You should also know that cash advances are quite expensive. You'll be charged a fee of 5% (min $8), and interest will immediately begin accruing at a 36% rate.

For more information about cash advances, check this guide.

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10 Upvotes

How do I withdraw money? Reply 105

10 Upvotes

Can I pay the fee with a MasterCard gift card? Reply 104

Photo of WalletHub
@WalletHub

No, unfortunately you cannot use a gift card to pay the application processing fee. You will need a bank account with a debit card to do so. Hope this helps.

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10 Upvotes

After making a payment how long does it take to get that credit amount back? My credit limit is $300 I made a payment of $225 but it still says credit available is only $33 Reply 104

Photo of WalletHub
@WalletHub

Your available credit limit will rise again, when you make the necessary payments to your credit card.

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10 Upvotes

When can I withdraw money? Reply 84

8 Upvotes
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First PREMIER® Bank Mastercard Credit Card Reviews

Share your insights and review the First PREMIER® Bank Mastercard Credit Card.

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3.1 out of 5

1,509 reviews
21%
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21%
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16%
    Photo of TATATOOTHY68
    Mar 18, 2019
    Criminal would be the only word to describe their business. They charge you to have the card, the charge you to increase your limit, ....they charge you for everything. After four years will a perfect payment history and paid off balances I ignored all the credit pundits and their "dont close your old credit cards" nonsense and said goodbye to these parasites for good. They prey on folks with bad credit.
    Photo of denfar70
    Mar 14, 2019
    Credit suicide! I've never been so violated by a credit card co. I knew I was getting ripped off. I accepted it because I was desperate to start building credit. Within 3 months my minimum payment climbed from $30 to over $70. I don't know where all the fees were coming from and I don't want to know.
    I closed my account. It was by reading these reviews on Wallethub that I even dared venturing into show more
    Photo of raineslove
    Mar 14, 2019
    The WORST credit card I've ever had. Customer service absolutely sucks. They will permanently close your account and not tell you but allow you to pay off your balance. I tried calling for weeks but when i put the last 4 of my card in they would claim to be closed during business hours and days. They make you pay a ton of hidden fees and fines. Then play dumb when you ask about it. show more
    Photo of hal_watkins
    Mar 05, 2019
    Horrible customer service, uneducated electronic transfers team. I got the card to build my credit score and this bank refused my online and debit card payments. Ruined my fair credit....don't bank with these guys for any reason!
    Photo of carolmorgan29
    Feb 27, 2019
    i would give 0 star if i could. this bank is run by thugs. i sent in money orders, but they claimed that never received. terrible payment method available, unprofessional systems. avoid at all costs!!
    Photo of TATATOOTHY68
    03/18/19
    If youre sending in "money orders" you got bigger issues then this credit card.
    Photo of marv219
    Feb 21, 2019
    I advise anybody dont sign up to this bullshit credit card company I'm laying in the hospital an told these mfs i need a couple of days until next week so i can make my payment an she told me i will be charged a late fee 2morw an i been a card holder for 4 years smh im done im calling to cancel my card right now these rude ass bastards ! An that show more
    Photo of gill7133
    Feb 12, 2019
    If you want a card that charges so many fees that you don't have to worry about making purchases because you're always over the limit this card is for you! Don't worry when they max out your first card they will say what good credit you have and offer to open a new account so they can max it out with more fees. I closed my account and paid full balance. DON'T FALL FOR THEIR show more
    Photo of dogpound_04
    Jan 21, 2019
    CAUTION!!! RUN RUN RUN FROM THIS CARD DON'T DO IT FOR BILLS DON'T DO IT FOR CREDIT BUILDING!!! I am not angry with them even though I lost money. I just want to warn customers before the headache and losses happen to someone else. Here is what's understood $95 program fee $125 one time annual fee. Boom after the first year of having the card you'll a $10 a month convenience fee after your $49 show more
    Photo of ethan_kahle
    Jan 21, 2019
    I have had the card now for about 6months and they have since cancelled the account after taking the money out of my account and saying i still owe to them what they already recieved as payment. I would NEVER recommend this card to anyone i wish i could rank it at 0 stars
    Photo of alimann9200
    Jan 13, 2019
    Can I pay my bill through western union? Or do I have to pay online? I need an answer as soon as possible because my bill is over due and I don't have another card to pay with only cash can someone help me
    Photo of jgray766
    07/09/19
    I know this is an old post but go to wall mart u can pay there
    Photo of Timotht
    Dec 31, 2018
    I started with 1st premier 5yrs ago, and despote what I was told, I have enjoyed my credit privileges with a Mastercard, and Platinum Card with an 850.00 limit on one and 950.00 on the other one, and regularly reporting to the credit bureaus, in great standing! Real talk? When your credit is bad, you want respect? Pay your bills! Respect is earned, and not given! You don't get red carpet treatment with a 500 show more
    Photo of luisbitogarcia
    Dec 12, 2018
    BEWARE PLEASE do not do it, you will regret it! I received a $ 700 credit and paid on time for 6 months valance and they offered me another $ 700 card. I made automatic MINIMUM payments debited from my checking account all the time. pay annual charges separately of $ 75. plus $ 12 extra monthly (for each card) for owning the card. plus all the charges that they want to add you. My show more
    Photo of nbarges1
    Dec 12, 2018
    I was approved for a $700 credit limit on 12/3, I needed some extra for Christmas shopping. They are charging a $79 annual fee plus $8 monthly fee, that's $175 annually plus high interest rates. When you recieve the card you're $87 in the hole. It seemed like a bad deal to me, so I called today and canceled the card.
    Photo of armyman05_83
    Nov 28, 2018
    Made my payment on time still got hit with a late fee. They wont do anything to reverse the fee. So much for always making my payment on time. This card is a joke. Customer service is absolute garbage and will not even try to understand the problem.
    Photo of jamesm_354
    Nov 25, 2018
    A One Star review is being generous. I would have gone lower if I could. I got this card because the offer came in the mail and I needed money for some bills. I paid my first payment fine, but when I tried to pay my second, their site said that it went through...until a month later when I got a bill for that amount plus a late fee and another fee. Now the payment show more
    Photo of mstaraall
    Nov 23, 2018
    The security department is horrible. I made too many payments to my card??? Clearly you can see the transactions are for car rentals. FPB suspenses my acct for fraud in October. I’m paying my acct from my debit card. But I complied with the requests to provide a statement from my bank proving that is my debit car making those payments. FPB receives this information NOVEMBER 7 told me everything was all clear NOVEMBER 12. show more
    Photo of pjsales
    Nov 10, 2018
    Charges 14.50 monthly fee, AND 49.00 annual fee. I thought maybe they would remove the fees after I have paid on time for the pass 3 years 8 months, but they refuse. They even continue to charge you for a credit line increase, that THEY offer you! Then they'll harass you to get a second card so that they can get double the fees by charging you these same fees on the 2nd card! And show more
    Photo of pjsales
    11/10/18
    And on top of it all, when you make a payment, they hold that payment for a week before it is withdrawn from your checking account and before it is available for use again. And even as an almost 4 year, grade A customer, you can't even negotiate wifh them. DO NOT CHOOSE THIS CARD YOU WILL REGRET!
    Photo of myboy0611
    Nov 05, 2018
    They just suspended my card for being a good customer. I pay my balances in full every 2 weeks, and because of this, they think I am doing fradualant activity! What??? All I am trying to do is repair my credit and have a good payment history! Wow, they made me photocopy the card I use to pay front and back and fax it to them. Are you kidding me? I have never been punished show more