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First PREMIER Bank Secured Credit Card
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The First PREMIER Bank Credit Card was last reviewed on
4th November 2007
Summary - The First PREMIER Bank Secured MasterCard® is a secured credit card that is designed for those with bad credit and have had difficulty obtaining an unsecured credit card. Find out more about this card.
Fees - The annual fee of the First Premier Bank secured credit card is $69. If you have an additional cardholder, the fee is $20. The APR is 19.90% for both purchases and cash advance. There is a $25 fee that is charged when you increase your credit limit.
Deposit Requirements - You have to deposit a minimum of $200 with First Premier Bank. This will act as a collateral for them extended you limits for the credit card. The limit will be 100% of your deposit. You can deposit up to $5,000.
Verdict - Secured credit cards are specifically designed for those with no or bad credit. If this describes you, you may want to consider the First PREMIER Bank Secured MasterCard® as a way to either build or rebuild your credit.
Positives
Reasonable annual fee25 day grace period
| First PREMIER Bank Secured Credit Card |
| Credit Limits |
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| Credit Agency Reporting |
Reports to 4 credit bureaus |
| Card Benefits |
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| Cost/Fees/Interest
rates |
| Annual Fees |
$69.00 |
| Additional Card Annual Fee |
$20.00 |
| Purchase APR |
19.90% |
| Cash Advance APR |
19.90% |
| Min Finance Charge |
$0.50 |
| Grace Period |
25 days |
| Balance Calculation Method |
Average Daily Balance (including new
purchases) |
| Cash Advance fee |
Greater of 3% or $5.00 |
| Credit Increase fee |
$25.00 |
| Over-the-credit-limit fee |
$29.00 |
| Late Payment fee |
$29.00 |
Apply for the First PREMIER Bank Secured MasterCard®.
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