The First PREMIER Bank credit card is geared towards individuals that have a poor credit history or less than perfect credit.  The credit card is a practical tool to get access to the services offered by a standard credit card as well as to help build or reestablish a good credit history.

The credit card is issued by First Premier Bank.  First PREMIER Bank has been operation since 1929 and is located in Sioux Falls, South Dakota.  The bank is a member of FDIC (Federal Deposit Insurance Corporation).  First PREMIER® Bank primarily focuses on offering credit cards to those consumers that have credit history issues.  Other than issuing bank credit cards, First Premier Bank offers personal and business banking services including deposit accounts, mortgages, loans, bank CDs, credit cards, and more.

Upon obtaining a new credit card, the account history on the credit card is reported monthly to the major consumer reporting agencies which makes it possible for those credit card account holders that had previous credit problems to reestablish a good payment history and help improve their credit history and credit score.  The credit card can be used everywhere MasterCard®/Visa® cards are accepted.

The banks states that the minimum credit limit will be at least $250.00.  Credit approval is not guaranteed and the credit card approval is based on the information on the credit card application and the applicant’s credit history.  The bank marketing material states that an account holder will be eligible for consideration of a credit limit increase review as soon as six months.

As with some other major credit cards geared towards consumers who need to improve their credit, this credit card has quite a few fees.  Quite a few fees.

The credit card account has a $29.00 account set up fee as well as a $95.00 fee for a charge referred to as a program fee, a $48.00 annual fee and a $7.00 monthly servicing fee that is not part of the annual fee.  Other fees that may be charged include a $29.00 late fee, $29.00 over the credit card limit fee, a $25.00 credit limit increase fee each time an account holder’s account is eligible and approved for a credit card limit increase and an annual $20.00 additional credit card fee, if applicable.

The card card has a low fixed credit card APR.  The credit card rate for purchases and cash advances is set at a fixed rate of 9.90%.

The new credit card can be obtained quickly by completing the credit card application online without charge.

Credit card rates, terms and fess are subject to change.  Please review the current term and conditions on the credit card before applying.

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