First PREMIER® Bank MasterCard Credit Card

First PREMIER® Bank MasterCard Credit Card
Required Credit Score: Bad
Minimum Security Deposit: None
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First PREMIER® Bank MasterCard Credit Card's Key APRs & Fees

  • ONE-TIME FEES $95
  • ANNUAL FEE $75 1st yr, $45 after
  • MONTHLY FEE None 1st year, $6.25 after
  • REGULAR RATE 36% (V)
  • GRACE PERIOD 27 days

First PREMIER® Bank MasterCard Credit Card's Highlights

  • This card requires a one-time up front Processing Fee of $95.00 to be paid in full before the Credit Account is opened. If the Processing Fee is not paid in full within 85 days, the application will be withdrawn.
  • Your initial credit limit will be $300 and your initial available credit will be only about $225, given the $75 Annual Fee that is charged on the card.
  • Your account history reports to the major Consumer Reporting Agencies
  • Use your card everywhere MasterCard® cards are accepted.
  • Each time your Credit Account is eligible for and approved for an unsecured credit limit increase, a Credit Limit Increase Fee in the amount of 25% of the amount of the credit limit increase will be assessed to your Credit Account.

First PREMIER® Bank MasterCard Credit Card's Additional Info

  • MAX LATE FEE   $35
  • MAX OVERLIMIT FEE   None
  • MAX PENALTY APR   None
  • FOREIGN TRANSACTION
    FEE  
    3%
  • CASH ADVANCE RATE 36% (V)
  • CASH ADVANCE FEE 5% (min $6)

First PREMIER® Bank MasterCard Credit Card Reviews

 
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2.2
Overall Rating: 2.2 / 5
Total Ratings: 191
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Apr 7, 2014
Photo of Joseph S.
1
By:
Unfortunately, there is not much to like about this card. The First Premier Bank Mastercard is horrible with respect to fees. There are plenty of cards out there that do not have an annual fee. Moreover, you should not be charged a processing fee just to obtain the card. Finally, the credit limit is extremely low, so it is not much of a credit card. I would much rather obtain a card where there is no annual fee and you get rewards points for your purchase.
Mar 5, 2014
Photo of Dawn M.
1
By:
I THINK THIS OFFER FOR FIRST PREMIER BANK MASTERCARD IS HORRIBLY EXPENSIVE. AT THE RATE OF 36% AND ALL FEES INVOLVED AND SUCH A SMALL CREDIT LIMIT, THE ONLY THING YOU WILL GET IS A BILL. OBVIOUSLY WITH BAD CREDIT AND APPLYING FOR CREDIT, YOU ARE LOW IN FUNDS AND CANNOT AFFORD ALL THE FEES INVOLVED IN THIS OFFER.
PREDATORY LENDER.
Feb 18, 2014
Photo of Amanda W.
1
By:
I used a First Premier Credit Card many years ago. I have never felt so ripped off in my life... As you can see, there are fees after fees from the time you sign up. The percentage fee is ridiculous compared to most other cards, like my Victoria's Secret card. I know that is for one particular store, but please look at other cards before signing up for this one. My VS card doesn't hit me with annual fees, nor did it cost a $95 'processing fee'.
Feb 17, 2014
Photo of Dave A.
2
By:
The First PREMIER Bank MasterCard does not seem like a very good card. The yearly and monthly fees are incredibly high for a credit card and I have never had to pay this with any other credit card that I have.The interest is very high compared to the 17% of my current credit card.
Feb 2, 2014
Photo of Jon F.
2
By:
The First Premier Bank Mastercard is a credit card aimed at people with "less than perfect" credit. And, as usual for credit cards aimed at our lucky group, this card had ridiculous fees. A $95 processing fee when you open the account, and a $75 annual fee for the first year bring the first year cost of this card to $150. After the first year, the annual fee drops to $45, but you have to pay a $6.95 monthly servicing fee. Added together with the annual fee, that's a cost of $120 per year after the first year. It IS expensive to be in the "less than perfect" group, but more
Dec 17, 2013
Photo of Tina M.
1
By:
The First PREMIERE Bank MasterCard is for those with low credit scores. I have seen other cards for people in this situation. They usually hit their customers with high rates/fees and, in this situation, the First Premier Bank MasterCard is no exception. They offer a variable rate of 36%(!) and annual fees starting at $75. On top of that they charge your account anytime your credit limit is increased. They don't stop with fees there though. There are one time fees and monthly fees as well that people are going to be hit with. I wouldn't recommend this card to anyone. Fees and rates are way too extreme, even with more
Dec 13, 2013
Photo of Jane L.
1
By:
If you have really bad credit the First PREMIER Bank Credit Card is still a horrible option. The annual fee is quite undesirable and the interest rate is absolutely ridiculous. And then there are monthly fees on top of that. And a $95 processing fee. You can do much better. For example the Merrick Bank Secured Credit Card is for bad credit and has an annual fee the first year, but not after that. And the interest rate is much better.
Dec 6, 2013
Photo of Marc L.
1
By:
I had a Premier card many years ago before I knew any better. The interest is really high and there where no incentives of any kind associated with using the card. Also the credit limits they issue are generally very low (only $500 in my case.) However on the positive side, the card is granted to pretty much anyone no matter what their credit history, but watch out for the fees and interest! Pay it off totally every month if you really want this card since they are not a forgiving company like some of the current card companies I use.
Dec 4, 2013
Photo of Susan C.
1
By:
The First PREMIER Bank Credit Card is a credit card made to profit off of those who have no credit history or more often than not bad credit history. Because it is a tool used to attempt to approve credit, this card has extra terms that cover the risk involved with giving someone with a bad credit history credit. I would personally never use a card such as this, even if I was desperate to obtain credit. The terms and fees associated with this card make it difficult to keep up with payments and pay down balances. The card has a $95 processing fee, plus an annual fee that is more
Nov 26, 2013
Photo of Scott B.
2
By:
This does not seem like a card I would be interested in. A $95 application fee plus a ton of annual and monthly fees? This seems like a card only for the most desperate to be given a line of credit. With virtual no rewards or cash back, this sounds like nothing more than a card intended to rack up a large amount of debt, and then get nickeled and dimed until you can pay it back. I have a bank credit card that was free, has no annual fee, a line of credit, and even some decent rewards. While it's nice to offer a helping hand to those who more
Nov 22, 2013
Photo of Peter A.
1
By:
Wow, the First Premier Bank MasterCard is bad! It costs $95 dollars to apply for it then you are charged a $75 annual fee year one and $45 plus $75 as monthly fees after that. Since that means it really costs $170 just to get the card, I would think a secured card for a similar amount would be the better route (like Capital One). The interest rate is outrageous. While I understand some people have had credit problems, cards like these do not help the situation. Such people are really looking for a helping hand, not a slap in the face. Folks, you can do better than this. Avoid this card like the plague.
Nov 19, 2013
Photo of Skyler H.
1
By:
I understand that the First Premier Bank MasterCard is meant for people with bad credit, but I can't see this being a good card for anyone. The fees seem really high and unnecessary. I've never and would never use a card with such fees. $95 just to open the account? That's ridiculous. And on top of that, a high annual fee, a monthly fee, and fees for credit increases. Fees on top of fees on top of fees. And all this for a card with such a tiny credit limit, just $300. It doesn't seem worth it to me. I would look elsewhere for a credit card. I've noticed the more
Nov 19, 2013
Photo of Marsha F.
1
By:
I do not like the fact that this is charging a processing fee. I know of no other credit or store cards that charge this fee. Also, the credit limit is extremely low. The additional annual charges of $75 and the 25% to increase your credit is cause to look elsewhere for a credit card. The only advantage to this card, would be for those who have credit issues. The low limit would not allow too much debt to be incurred, but the additional charges would not be conducive to saving money and paying off any other debt.
Nov 19, 2013
Photo of John S.
2
By:
I initially thought that the First Premier Bank MasterCard was a great option with somebody who has bad credit. Even though my credit is fairly good, I thought I might look into applying for this card myself, as my Citibank Platinum Select credit card is currently being overused and at its credit limit. However, upon further investigation, the fees just do not justify applying for this card. I can understand the $95 processing fee, even though I think the cost is a tad steep. Unfortunately to also charge a $75 annual fee initially, as well as $45 for each year thereafter (I have no fees at all for my Citicard) more
Nov 19, 2013
Photo of Danny B.
2
By:
At first glance the First Premier Bank MasterCard seems like a great choice for somebody looking to reestablish their credit rating, but the terms seem a bit outrageous when compared with other credit cards. The $95 fee to open the account is absurd, but the $75 fee for the first year is pretty standard when dealing with credit cards for people with poor credit. However, the card does look a lot better than the MATRIX card from Discover with even more absurd interest rates and fees, as well as one of the most unprofessional websites I have ever encountered! In all, I wouldn’t say the First Premier Bank MasterCard is more
Nov 11, 2013
Photo of Corrina H.
2
By:
I have to agree with others here who are of the opinion that the First PREMIER Bank MasterCard Credit Card may be a very poor choice for those attempting to rebuild their credit. The interest rates are very high, and the initial amount of credit is too low. I think the Horizon Gold Card may be a much better option than this one, if you have no other choice. The Horizon card has a 500.00 credit line, and lower interest rates. It really is too bad that those who are genuinely trying to pay off their debts and improve their credit are taken further advantage with these so called offers.
Nov 4, 2013
Photo of Jester C.
1
By:
The First PREMIER Bank MasterCard is clear evidence of the obstacles that may have to be overcome for creating a credit history that is soiled or one that has not yet been sufficiently established. The card is issued with little or no pretense to existing credit history, other than a mild variance in the actual amount of credit that Premier Bank will initially extend the cardholder. Approval is essentially almost guaranteed upon application, but will be immediately met with a $95 processing fee to open the account. Then the customary $300 line of credit will be reduced to $225 when the $75 annual fee is applied. After the first year more
Oct 31, 2013
Photo of Allen M.
1
By:
Unless the First Premier Bank MasterCard is your only option for a credit card I would not recommend this card at all. Instead of using it to stretch your dollar it wastes it on annual fees, monthly fees, and a one-time fee. Obviously your credit is bad because you do not have money to burn so don’t waste it here. I would seriously consider another option and try to find a better card, like the credit one bank credit card that has lower annual fees, and no monthly or one-time fees. This card is taking advantage of a group of people that do not know much about credit cards and more
Oct 15, 2013
Photo of Abby L.
1
By:
The first premier credit card is a HORRIBLE credit card. First of all, the $95 processing fee to open an account. Most credit cards will give you $100 to $200 for opening a credit card. So why get this card in the first place? The credit limit is also horrible! The $300 will not get you anywhere. If you want to be smart about your credit card, you can only spend $150 of it. No more than that. It is better to get the chase sapphire or the chase freedom card. Those give you a lot of incentives for opening a credit card and a lot of cash back options. more
Oct 8, 2013
Photo of Dan G.
1
By:
As an early warning I suggest to not even look at this card, but with that said here's my view on the card. The First Premier Bank card is not meant for the general user, you have an initial fee you must pay off when you first apply for it, and you also have a very low starting limit to work with. There are annual fees you must pay, and there are absolutely no rewards, unlike a far superior card like the Amazon CC which gives you rewards on all purchases. I would advise anyone who can get a better card to do so and steer clear of this one.
Oct 4, 2013
Photo of Jeremy A.
1
By:
No. No, no no. If you have really bad credit, there are countless better options than this (Capital One Secured comes to mind). Why would you want to pay an annual fee on a card designed to improve your credit? That sounds like more debt incoming to me. I would just drop the deposit on a secured card and use that instead from a more well-known bank. I used to get junk mail for this card all the time and it didn't seem great at all.
Sep 26, 2013
Photo of Ben M.
1
By:
The First Premiere Bank Credit Card is designed for people that have really bad credit, as they will report your payment history to the major credit agencies to help build it up. There are significant fees as a part of having this card though. A $95 processing fee simply to open the account, and a $75 annual fee. On top of that, there is only a $400 limit. You are paying a lot just to have a credit card, when the Capital One Secured Mastercard gives you the same credit reporting benefits but with a lot less fees. I would go with that one instead.
Sep 23, 2013
Photo of Brian M.
1
By:
A ninety-five dollar processing fee, a low initial credit limit (only $300) and they charge you the $75 annual fee right off the bat? Plus they charge you a MONTHLY fee after the first year? And the APR is an outrageous 36%? This is clearly a card that is intended to take advantage of people who are in desperate need of any kind of credit card of all. To call it predatory would be a compliment. This is outrageous and I can not recommend this card at all. There are far better credit cards out there, even if you have poor credit.
Sep 19, 2013
Photo of Lily H.
3
By:
The First PREMIER card has great solidarity and it is supported everywhere I've used it. However this card does have its flaws -- by flaws I mean little fees here and there. You have to be careful, always pay back on time or there will be penalties. This card was not for me but I definitely recommend it to people who want to rebuilt their credit score. It's a bit like training wheels, it punishes and make you learn to be responsible or pay the consequences. The cash back benefits are really awesome. This card is for people who want to build their credit and get ready for big purchases more
Sep 10, 2013
Photo of Xavier S.
3
By:
The First Premier Credit Card is a great credit card if you are trying to rebuild your credit. I personally had to apply for this credit card due to my credit scores being very low. It has helped me rebuild my credit, but it takes time. There is a downfall about this credit card and it is the processing fee. This processing fee seems to be a little higher than most other credit cards. On top of the processing fee, there is also an annual fee that is taken immediately. This does not leave you with a lot of open credit after all the fees are processed. Interest Rate is more
Sep 5, 2013
Photo of John J.
3
By:
This looks like a pretty good card for rebuilding credit, but you had better be ready to go before you sign up for this. The interest rate of 36% is a lot no matter the situation, and the fees start you off behind the eight ball. You already have to scrape together $95 to even get this thing, and then you get hit with a $75 annual fee that will be accruing interest! It might be tough to do it, but the best way to go is to get the full $170 lined up before applying so you don’t get interest fees on your annual fee.
Aug 29, 2013
Photo of Michael H.
1
By:
The First Premier card is a card that I have some experience with as my credit was once very poor. This card has many fees such as the processing fee, annual fees, etc. The interest rate is extremely high. The terms of a BoA secured card or a Capital One card are much better and are also designed for people with poor credit. My Capital One card has no annual fee, no processing fee, a lower interest rate, and has cash rewards. I would never consider getting this First Premier and would suggest that everyone try other alternatives before going for this card.
Aug 26, 2013
Photo of Ileddy T.
4
By:
First Premier credit card has been a good choice for me. While trying to rebuild my credit it was hard to get approved for a new credit card. This card had an easy application and fast approval. So far they have been great, although their interest rates and fees could be a little lower. It is a great card to have, but I try to only use it for emergencies. Overall, this card is a good choice for rebuilding credit and their website is easy to use. I would recommend it to anyone that is looking for a little credit push.
Aug 20, 2013
Photo of Chip S.
4
By:
One of the greatest things about the First PREMIER credit card is that it allows you to bring your credit score right back up. A credit score that isn't the best can be revived by careful spending and usage with this card. Because the First PREMIER card reports to the credit reporting agencies automatically, with this card, you can rebuild your credit to a steady level. However, the biggest issue I have with the card is the high processing fee. It is possible to pay it off overtime, but the amount is ridiculous. It's understandable that a credit score can be low so the credit company has to keep your more
Aug 15, 2013
Photo of Amy E.
3
By:
This was a great card to use. It still comes in very handy when emergency/big ticket purchases must be made and we don't have the cash on hand. It's since been bought out by Capital One, but even before then the billing was easy to understand, and it was very easy to pay by phone. We always paid the bill on time. The only issue we had was that they wouldn't increase our credit limit even though we've had the card for several years now. We've used this card to help build our credit so we can eventually be approved to buy a house, etc, and it's been very good more
Apr 12, 2013
Photo of Latonia H.
5
By:
I obtained this card approximately two years ago in the hopes of rebuilding my credit. This is an excellent card to obtain simply for that purpose. You must pay your bill on time. If not, the late charge is $35.00 tacked onto what you already owe; however, if you use the card wisely simply for the purpose of rebuilding your credit, you should be okay.
Mar 29, 2013
Photo of Stephanie M.
5
By:
I signed up for this card last year to help rebuild my credit after a prior bankruptcy a few years before. The application and approval process was super fast and easy. I would definitely recommend this card to anyone trying to rebuild credit as Premier reports to the credit bureau monthly. The card can be used anywhere and if you pay your balance in full each month, they do not charge interest fees. Plus as an added bonus for making your payments on time, you can request a credit line increase or you can even get another card with an additional line of credit. There are other credit cards out more
Feb 16, 2013
Photo of Grant M.
1
By:
After a yr of having this card I am being charged a monthly fee of $14.50. I will be cancelling this card due to this. :(
Mar 10, 2013
Photo of Anh D.
Anh Kim Duong
I know right? They're charging us 14.50 just to use the card. I can't believe I opened a credit card with them.
Nov 1, 2012
Photo of Bee M.
3
By:
I signed for this card because like a lot of us out there, I ran into a lot of trouble with my credit when I was younger. This is the only card I could get, besides a secured card that I also had. I really wanted to rebuild my credit, which is the only reason I applied for this card. The fees are astounding. There was a $175 fee right off the bat. I know they are taking a risk on us with bad credit, but it's appalling how much we are taken advantage of - and how hard it really is of those with bad credit to build back more
Nov 1, 2012
Photo of Faye W.
4
By:
I had a First Premier Credit Card for about 2 years. I obtained it to help rebuild my credit following a divorce. The fees were expensive, and the APR was high...but they were taking a risk by lending to me, so I understood. As long as I kept paying the balance off at the end of every month, I never had to worry about the APR. I used mine to pay for gas, and then I would pay it off. I stopped using it when I couldn't afford to pay it off each month; I didn't want to get stuck in the same rut as I had been in before more
Oct 7, 2012
Photo of Marlana A.
4
By:
I just received my First Premier card about a week ago, I don't understand why people have so many complaints about the fees & interest rates. If you have a secured card like myself you get your card before you actually pay any fees & if you read the paperwork all the costs are listed. If you just needed a card to establish or re-establish credit you can to 2 things to avoid some of those fees & high APR rate (mine is 36%......ouch) keep the balance low $100.00 dollars or below or simply activated it & don't use it, you're credit will still improve.....
Jul 12, 2012
Photo of Mark B.
5
By:
I've had First Premier credit card for about six months now. I got a pre-approved application in the mail from them and I needed a credit card so I decided to try them out. After filling it out and sending it back to them I was approved within a week or so and had my new credit card. My credit line was a lot more than I was expecting, so I was really happy with that. The minimum payment each month is a little higher than most credit cards. Overall I'm happy with them and would recommend them.
Jun 23, 2012
Photo of Cesar V.
4
By:
I signed up for this card because it was one of the only ones that would approve me. I had poor credit at the time. The customer service has been great anytime I have had to call to ask any questions or make a payment. I do think that the interest rates are extremely high as well as any late or over the limit fees. Whatever you do, don't pay the minimum payment on this one. Try to keep it paid down. I would recommend this card for someone that has poor credit or is trying to repair their credit but can be responsible enough to use it wisely.
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+153 users submitted a rating without a full review
 
Jul 22, 2013
Photo of Kim D.
By: Kim Dunn
I applied and paid the $95 dollar which was removed from my account on Thursday wondering how long it will be before I get the card said 7 to 10 days is this true it won't take longer removing the.95 really hurt hoping the.card comes soon if some one could let me know how fast they recieved the cardin have heard good and bad so hoping for good thanks
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Last updated on: Apr 18th, 2014 at 6:24 EDT