
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
$125
Annual fee
36%
Purchase APR (variable)
300
Recommended credit score
Review by
Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.
The First PREMIERĀ® Bank Secured Credit Card is a starter card for people with poor credit who want to improve their financial situation ā but watch out for the fees.
This secured card requires a minimum $300 cash deposit that becomes your credit limit. After 13 months youāre eligible for a credit limit increase (an increase that does not require an additional deposit), but youāll pay a 25% fee on the increase. So, for every $100 increase, youāre charged $25.
There is a bright side ā pay your bill and build good credit and you could move up to a less expensive, unsecured credit card.
You can apply with no credit history or with poor credit score.
Youāll get a response within a minute of submitting your application.
To apply for the First PREMIERĀ® Bank Secured Credit Card, you must be at least 18 years old (or 21 for resident of Puerto Rico). This card is not available to residents of New York or Wisconsin.
When you apply, have the following handy:
The First PREMIERĀ® Bank Secured Credit Card is like a taxi ā it will help you build up your credit score, but get out once youāve reached your destination. Use it to build your credit, but donāt hang on to it once youāve met your goal.
Consider comparing secured cards to find the right card that best meets your needs.