Credit Cards (US)

PREMIER Bankcard® Mastercard® Credit Card review

In this PREMIER Bankcard® Mastercard® Credit Card review, we will show you how this card works so you can decide if it is a helpful tool for you to build a credit history.

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by Aline Augusto

04/12/2022 | Updated on 05/13/2022

PREMIER Bankcard® Mastercard® Credit Card: build your credit history!

PREMIER Bankcard® Mastercard® Credit Card review. Source: The Mister Finance.
PREMIER Bankcard® Mastercard® Credit Card review. Source: The Mister Finance.

If you have a poor credit history or are new to credit, you might find it difficult to find an unsecured card that accepts your application. Check out this PREMIER Bankcard® Mastercard® Credit Card review, about a card that can help you build or repair your credit history.

See below for the main features of the PREMIER Bankcard® Mastercard® Credit Card and keep reading to learn all about this product.

Credit ScoreFair/Poor recommended
Annual Fee$50 to $125
Regular APR36%
Welcome bonusNone
RewardsNone
PREMIER Bankcard® Mastercard® Credit Card

How to apply for a PREMIER Bankcard® Mastercard®?

Learn how the PREMIER Bankcard® Mastercard® Credit Card application works so you can apply for it even with a poor credit history!

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How does the PREMIER Bankcard® Mastercard® Credit Card work?

Issued by First PREMIER® Bank, this credit card can be a helpful tool on your journey to build or repair a damaged credit score so long as you use it responsibly. That is because the PREMIER Bankcard® Mastercard® Credit Card reports all payments to all major Consumer Reporting Agencies.

First PREMIER® Bank requires all new customers to have a checking account to their name, and applicants with a less-than-perfect score are welcome to complete a quick qualification process at the bank’s official website, which provides an request approval in just 60 seconds.

To open the account, new customers are required to pay a one-time program fee that ranges between $55 to $95, based on the risk associated with the account. Its annual fee falls between $50 and $125 based on creditworthiness. The monthly fee is also based on creditworthiness, ranging from $0 to $10.40.

The initial credit line varies from $200 to $700. However, there is a possibility to increase those numbers after 12 months of card usage.

The PREMIER Bankcard® Mastercard® credit card regular APR is 36%, but, if you maintain positive payment management, you don’t need to worry about interest.

PREMIER Bankcard® Mastercard® Card benefits

What are the pros and cons to this card? Source: Adobe Stock.
What are the pros and cons to this card? Source: Adobe Stock.

This credit card’s main benefit is that you don’t need a good/excellent credit score for approval. Besides, it can be a powerful ally to build or rebuild your credit history as long as you use it responsibly. See below for its main perks and drawbacks.

Pros

  • Don’t let a low FICO score stop you from applying – they approve applications others may not.
  • You don’t need good credit to apply.
  • Just complete the short application and find out in 60 seconds if you’re approved.
  • When you need assistance, their award-winning US-based Customer Service agents are there to help.
  • FICO scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any PREMIER Bankcard® product.

Cons

  • It charges for account opening , annual fees, and monthly fees.
  • Relatively high APR.

How good does your credit score need to be?

The recommended FICO score is of at least 500, but credit scores alone does not guarantee an approval. You must fill the qualification process with your personal and financial info to find out if this card is available to your financial profile.

How to apply for a PREMIER Bankcard® Mastercard® Credit Card?

If you’re interested in applying for this card after reading our PREMIER Bankcard® Mastercard® Credit Card review, follow the link below for the detailed process.

PREMIER Bankcard® Mastercard® Credit Card

How to apply for a PREMIER Bankcard® Mastercard®?

Learn how the PREMIER Bankcard® Mastercard® Credit Card application works so you can apply for it even with a poor credit history!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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