First Premier Bank Credit Cards
The First Premier Bank Credit Card for Bad Credit give you a chance to prove that you can responsibly hold a credit card. If you have bad credit, you aren’t going to be able to get a card with all the fancy bells and whistles, but First Premier Bank will give you a chance and that chance will help you build up an excellent credit history so that you can later get the card you. And of course you will use that card responsibly!
First Premier Bank offers a MasterCard or Visa with the following rates and fees:
APR of Purchases: 9.90%
APR for Cash Advances and Penalties of Purchases: 19.90%
Account Set-up Fee: $29.00 (one-time)
Program Fee: $95.00 (one-time)
Annual Fee: $48.00
Monthly Servicing Fee: $84.00 Annually
Additional Card Fee: $20.00 Annually per card, (if applicable)
Minimum Finance Charge: $0.50
Transaction Fee for Cash Advances: Greater of $5.00 or 3% of the amount of the cash advance
Late Payment or Over Limit Fee: $29
$3 per month on closed accounts with an outstanding balance of $20 or more.
Grace Period: 25 days
Why should I get the First Premier Bank Credit Card?
The First Premier Bank Credit Card is perfect for anyone with bad credit who has changed their spending habits and is ready to start rebuilding and repairing their credit history.
If you’ve noticed there are a lot of fees, it’s with good reason. You have bad credit which means that in the past you were not consistently paying your bills if at all. Nobody is going to want to lend you money because they believe you won’t pay them back.
Now that you’ve hopefully been proactive in fixing your financial situation, you can prove to all the creditors that you are going to pay them back. The only way to do this is to get a creditor to lend you money and the only way they’ll lend you money is by charging lots of fees.
If you look closely, though, many of these fees are either one time or penalty fees. For example, the set up fee and program fee are only paid once, and you only have to pay a late payment fee or over the limit fee if you pay late or go over your limit. Don’t make cash advances and you can save $5 each time you normally would.
It isn’t Forever
The card is designed to help you repair your credit, it is not designed as a long term card. Once you’ve repaired your credit, you can apply for a better card with lower fees, a lower APR, and lots of rewards and cash back.
You’ve made mistakes in the past, but now you are turning around, changing your spending habits, and repairing your credit. Let the First Premier Bank Credit Card Help you!