Elevate your credit score and reach for new financial opportunities.
PREMIER Bankcard® – start rebuilding your credit score
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Are you trying to get a new credit card but your score isn’t helping you? Don’t worry! The Premier Credit Card from First Premier Bank might be the perfect option for you! With a manageable credit limit and access to credit score tracking, this card can help you build a positive credit history.
Are you trying to get a new credit card but your score isn’t helping you? Don’t worry! The Premier Credit Card from First Premier Bank might be the perfect option for you! With a manageable credit limit and access to credit score tracking, this card can help you build a positive credit history.
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Want to take your credit score to the next level? Don't miss out on the amazing benefits that Premier Credit Card has to offer! Check out the benefits below:
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Absolutely! The First PREMIER Bankcard® is designed to be your credit score ally. By using the card responsibly and making your payments on time, you’re showing lenders you’re a reliable borrower. This positive activity gets reported to the credit bureaus, and over time, your credit score can climb!
Building a strong credit score is a marathon, not a sprint. While you might see some initial fluctuations, consistentency is key. Generally, positive credit history can take 6-12 months to reflect on your score. But remember, everyone’s credit journey is unique!
Life happens! But late payments can sting your credit score and wallet. The exact late fee for the First PREMIER® Platinum Mastercard® will vary according to your offer, ranging from $15 to $39. Here’s the good news: Setting up automatic payments can be your saving grace. Plus, some credit card issuers offer grace periods on late fees for the first offense if you contact them promptly.
The credit limit on the First PREMIER® Platinum Mastercard® typically starts on the lower end to help manage risk. But here’s the exciting part: Responsible credit card use (think on-time payments and not maxing out your limit) can lead to a credit limit increase over time.
The First PREMIER Bankcard® might be your ticket to credit score heaven, but is it the perfect match for your financial journey?
Let’s unpack the pros and cons!
Pros:
- Credit Climber: Consistent on-time payments with this card can be a credit score superhero, helping you build a good credit history.
- Reporting Rockstar: They report your activity to the major credit bureaus, giving your credit score a potential thumbs up.
- Security Sidekick: Lost your card? Don’t sweat it! Fraud protection and zero liability for unauthorized charges can be your allies.
Cons:
- Annual Fee A-ha Moment: The First PREMIER Bankcard® often has annual fees. Be sure to factor this into your decision.
- Interest Rate Rollercoaster: The interest rates can be on the higher side. Responsible spending is key to avoid getting stuck on this ride!
- Low Credit Limit Limbo: Starting credit limits might be lower, but on-time payments can pave the way for an increase over time.
When considering the PREMIER Bankcard®, it’s important to note that while no security deposit is required, there are several fees associated with the card.
These fees include an annual fee ranging from $50 to $125 and a program fee ranging from $55 to $95.
However, the card is useful for those looking to build their credit score as it reports monthly payments to all major credit bureaus and allows for management of the FICO® Score.
After 12 months of responsible credit card use, it is also possible to increase your credit limit. Just be aware of the fees and use the card responsibly to achieve your financial goals.
This card can be a stepping stone for those with limited credit history, but the annual fees and potentially high interest rates need to be weighed against your financial goals.
If you’re a responsible spender and committed to on-time payments, the First PREMIER Bankcard®could be a credit-building companion.
The following post will tell you how to apply for this credit card!
See how to apply for the Premier Bankcard
Don't let a poor credit score stop you from applying for a credit card. With PREMIER Bankcard®, you can apply and improve your credit history.
Not sure about the Premier Bankcard? We have another recommendation to you.
It’s a great option for those with limited or poor credit history, with no credit check required.
Plus, you can set your own credit limit and enjoy other perks like fraud protection and online account management. Check it out and see if it’s the right choice for you!
See how to apply for the OpenSky Secured Visa Card
Ideal for individuals seeking to establish or enhance credit, with no bank account or credit check required.
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