If you have been looking for a secured option after a horrifying credit card journey, First Premier credit card is for you. This credit card is for people who have been struggling with getting back on road after bad credit history. The First Premier credit card is designed as one of the very few unsecured credit cards, allowing its users to be able to skip the deposit. Despite having a complex fee structure, this credit card is safe for you to get started with building a credit repute.
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Features of first premier Credit card
Credit Card Name First PREMIER® Bank
(considering a decent one) MasterCard
Annual fee depending on the
previous usage can be Up to $125
Is a fluctuating 36% variable
Balance transfer APR No
Cash advance rate 36% variable
Cash advance fee $6 or 5% of the
cash advance amount, whichever is greater
fee 3% of the
Interest-free period 27 days
Late payment fee $39
Returned payment fee $39
Do not be intimidated by the costs and fees mentioned here. This
credit card might seem like an expensive shot. However, if you have been having
a hard time in maintaining your credit, then do know that your overall costs
for the First Premier Bank credit card is significantly less as compared to
others on the market.
Given what you would pay for to take out your payday loans
after a year, this card will cost you much less. This is great news for people
with bad credit history.
What are the additional features of the First Premier Bank credit card?
If you have a very low credit score, it is often
very hard to get a card on your name issued all over again. However, with first
premier card, you can get the card approval on score as low as 300. Even in
some cases where the credit score might be even more poor.
If you enroll in online statements within first
30 days after opening your account, you can receive bonus cash. You can get a
$10 statement credit.
This card will help you build your credit, as it
reports to all three credit bureaus. So gradually with regular, on-time
payments you can eventually improve your credit.
If you are willing to go for an extra-shot and
pay some extra fee structure. In the long run you can save a big lot of your
What should you know about First Premier credit card?
Keep a close eye on how you are spending money. Do
not invest this card in interest rate or any other involved fees.
Try avoiding any interest rate build up. To avoid
such a situation what you can do is either pay your payments in minimum amount
yet in intervals, or pay your balance in full cycle. Make sure you catch up on
the due date in time to avoid any further consequences.
Have your account in good-standing. This can
qualify you further for other credit cards with lower fees and lower APR.
The first premier bank credit card is a great option for
those who are getting out of loan cycle and trying to build their credit.