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$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.
Let’s face it — this is an expensive card when compared with other credit cards on the market. It costs $95 to get the card, plus an annual and monthly fee — and it carries a whopping 36% variable APR. It’s a tough sell for a credit card.
However, your overall cost for the First PREMIER® Bank Credit Card is substantially less than what you’d pay for to take out payday loans over a year.
You’ll get a response within a minute of submitting your application. In some instances, First PREMIER® Bank Credit Card will take an additional seven to 10 days to determine approval and send you a response by mail. If you have questions about the status of your First PREMIER® Bank Credit Card application, call 800-987-5521.
If the First PREMIER® Bank Credit Card seems expensive for your financial situation, compare other credit-building cards.
Most secured credit cards require you to deposit a certain amount, often starting from $300, which acts as your credit line.
If you can cover the initial cost, you could save more money in the long run and build your credit at the same time.
To apply for the First PREMIER® Bank Credit Card, you’ll need at least $245 to cover the deposit and fees. First PREMIER® Bank Credit Card determines your credit limit based on your credit score.
You also must:
When you apply, you’ll need to provide the following information:
The Better Business Bureau gives First Premier Bank an A+ rating, but of the 11 reviews on the site, 10 are negative. Most cite poor communication and customer service. Though, First Premier attempts to resolve issues on the BBB site.
The First PREMIER® Bank Credit Card comes with hefty fees that are most attractive for people getting out of the payday loan cycle and looking to build their credit.
Because of the high fees, you may want to shop for other credit-building cards until you find an option that matches your needs.