Only those with poor credit who cannot qualify for any other credit cards with no unsecured features and do not want to open secured credit card accounts are advised to look into this card. Cashback rewards are not available: While this isn’t unusual with the credit card of those with poor credit, it’s nevertheless disappointing in that the First Premier credit card doesn’t offer any rewards.An annual user fee, a copying license, a wire transfer fee, and an expedited delivery fee are all part of the overhead costs. In truth, there are fees for almost everything, including a 3% international transaction fee and a late charge of up to $39 bills.To avoid paying the fee, you have to reject the increase in credit limits within 30 days after receiving it. However, First Premier Bank would charge you 25% of the increase in credit limit. Most credit card companies will allow you to increase your spending limit without cost if you exhibit proper payment and credit card usage. Once you have had your credit card in use for 13 months, you could be qualified to receive a credit limit boost. A credit limit can fluctuate between $200 and $1,000 following approval. The fee for increasing your credit limit is high.Following the first anniversary of opening the card, the monthly service fee can range from $6.25 to $10.40. Monthly service cost: First Premier Bank Mastercard charges an unorthodox monthly service charge after the 1st year.The cost per year decreases in subsequent years however, it’s still sufficient to take a bite out of your budget. If, for instance, you’re granted an amount of $300, and you are paying an annual fee of $75 in the first year, your credit limit will be $225. The first year’s yearly charge may lower the credit limit, varying between $125. The application can be denied if you fail to pay the monthly fee within the timeframe of 85 days following acceptance. The fee is a one-time processing charge as high as $95. It offers an annual percentage of 36 percent rate (as of ) which is more than twice the average national rate. This First Premier bank credit card offers one of the highest rates for interest that are available.For a card designed to help people with bad or damaged credit scores, charges for this card are high. However, this card has numerous disadvantages than benefits. What are the first Premier credit card’s drawbacks? Furthermore, the monthly fees include an annual FICO score for free.
#First premier credit card full#
The card also comes with an extended grace period of 27 days, giving customers sufficient time to settle their monthly statements in full and not pay interest. The card is accepted by thousands of retailers across the United States and the world as a Mastercard. The principal advantage of this First Premier credit card is that people with poor credit can utilize it. Apply Now What are the benefits of having a Mastercard with First Premier Bank?
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