Credit Cards
Premier Bankcard® Mastercard® Credit Card: Up to $1,000 credit limit!
Can’t get approved elsewhere? The Premier Bankcard® Mastercard® might give you a second chance. But is the cost worth the opportunity? We break down the pros, cons, and whether this card makes financial sense for you.
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Need a Credit Boost? Premier Bankcard® Mastercard® Might Help
Let’s be real—bad credit happens. Maybe life threw you some unexpected curveballs, or maybe you just didn’t know how credit worked when you first got started (we’ve all been there!).
The Premier Bankcard® Mastercard® Credit Card is designed for folks looking to rebuild their credit and get back on track.
It reports to major credit bureaus, giving you a chance to prove that you’ve got this whole “responsible credit usage” thing under control.
| Key Highlights of this Credit Card 🔎 |
|---|
| ✔ Reports to major credit bureaus monthly to build credit |
| ✔ No security deposit required—unlike secured cards |
| ✔ Available for people with bad or limited credit history |
| ✖ Comes with high fees and interest rates |
| ✖ Not ideal for carrying a balance due to its APR |
Quick Summary of the Premier Bankcard® Mastercard®
| Feature | Details |
|---|---|
| Annual Fee | $50 – $125 |
| Other Fees | Program Fee: $55 – $95 Monthly Fee: $0 – $10.40 |
| Credit Limit | up to $700 |
| APR | 36% |
| Interest Rate | Higher than most other credit-building cards |
| Welcome Bonus & Rewards | None |
| Key Benefits | Helps rebuild credit, available for those with poor credit |
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The Backstory: Who’s Behind This Card and Why It Matters
If your credit score has seen better days, First PREMIER Bank is here with an option. They specialize in offering credit to folks who might struggle to get approved elsewhere.
The Premier Bankcard® Mastercard® Credit Card is an unsecured card, meaning no security deposit is required (a plus for those who don’t want to lock up cash in a secured card).
However, there’s a trade-off—higher fees and interest rates. The upside? It gives you a shot at proving to the credit bureaus that you can handle credit responsibly.
Perfect for Some, Not for All – Who Should Apply?
Not all credit cards are created equal, and this one is definitely built for a specific type of user.
If you’re someone who has been turned down for other cards due to a low credit score but still wants access to a line of credit, this might be for you.
This card is ideal for:
- 👍 People with bad credit or no credit history who need a fresh start.
- 👍 Those who want a second chance after being rejected by traditional credit card issuers.
- 👍 Anyone who can commit to paying their balance in full each month to avoid sky-high interest charges.
If you’re someone who tends to carry a balance, you might want to look at other options, as the APR on this card is no joke.
What You Need to Qualify for This Credit Card
Getting approved for a credit card isn’t magic—it’s all about meeting the right criteria. Here’s what you need to know before applying for the Premier Bankcard® Mastercard® Credit Card:
- Minimum Credit Score: No strict requirement, but typically for those in the 300-600 range.
- Income Requirement: You need a steady source of income to qualify.
- Credit History Consideration: If you’ve had serious delinquencies or a recent bankruptcy, approval may be tougher.
Can I Improve My Chances of Approval?
Yes! While this card is designed for those with poor credit, that doesn’t mean approval is automatic. Lenders still want to see some level of financial responsibility. Here are some ways to boost your odds:
- Check Your Credit Report First – Errors happen! If something looks off, dispute it before applying.
- Show Stable Income – A consistent paycheck reassures the bank that you can handle monthly payments.
- Pay Down Existing Debt – Lowering your credit utilization can make you look more creditworthy.
- Avoid Multiple Applications at Once – Too many credit applications can signal desperation, lowering your score.
- Consider a Secured Card First – If you don’t get approved, a secured card might be a better stepping stone.
How to Apply for the Premier Bankcard® Mastercard® Credit Card
If you’ve decided this card is the right fit, here’s exactly how to apply and what to expect along the way. Unlike some credit cards, this one comes with a required upfront program fee, so be ready for that.
Step-by-Step Application Process:
- Visit the official website – Make sure to visit the official PREMIER website to start your application.
- Pre-qualification (optional) – Some applicants may have the chance to check their eligibility without a hard credit inquiry.
- Fill out the online application – Provide your personal information (name, address, Social Security number, and date of birth) and financial details (income, employment status, and existing credit obligations).
- Submit and wait for a decision – Some applicants may get instant approval, while others might need a manual review, which can take a few days.
- Pay the required program fee – If approved, you must pay an initial fee before your card is issued. This varies based on your credit profile and will be deducted from your available credit.
- Receive and activate your card – Once you’ve paid the fee, your card will be mailed to you. Upon arrival, activate it following the instructions provided.
- Set up online account access – Register for online banking or download the mobile app to track your spending, make payments, and monitor your account.
Things to Keep in Mind:
- Your starting credit limit will be reduced by the program fee. If you receive a $300 limit but have a $95 program fee, your available credit will initially be $205.
- Missing the program fee deadline may result in application cancellation. If you don’t pay within the required timeframe, you may need to reapply.
- The application requires a credit check. While there’s no strict credit score requirement, a credit inquiry will be made.
Credit Limit and How It Works
The Premier Bankcard® Mastercard® Credit Card starts with a limit typically up to $700, but don’t get too excited—your initial limit will likely be reduced by any upfront fees.
Here’s what else you need to know:
- Your starting limit depends on your creditworthiness.
- Higher limits are possible over time if you consistently make on-time payments.
- Don’t max it out! Keep your credit utilization low to improve your credit score.
Tools & Customer Support
Staying on top of your credit card usage is easier when you have the right tools. Here’s what Premier Bankcard offers:
- Mobile App: Keep tabs on your spending and payments anytime, anywhere.
- Fraud Alerts & Security Features: Protection from suspicious activity.
- Customer Support: U.S.-based team available via phone or online chat.
Premier Bankcard® vs. Fortiva®: Which One Should You Choose?
Not sure if the Premier Bankcard® Mastercard® is your best bet? Let’s stack it up against the Fortiva® Mastercard® Credit Card, another option for those with lower credit scores.
| Feature | Premier Bankcard® Mastercard® | Fortiva® Mastercard® |
|---|---|---|
| Annual Fee | High | Varies, but generally high |
| APR | High (above 30%) | High but slightly lower |
| Credit Building | Yes, reports to all bureaus | Yes, also reports monthly |
| Rewards | None | Some versions offer cashback |
| Security Deposit | No | No |
If all you need is a way to rebuild credit, Premier Bankcard® Mastercard® does the job. If you’d prefer a card with better terms or potential rewards, check out Fortiva® Mastercard® instead.
Fortiva® Mastercard® Credit Card review
Bad credit? No problem! The Fortiva® Mastercard® offers an unsecured credit card with cashback. But is it a good deal? We break it down!
The Bottom Line – Is It Worth It?
The Premier Bankcard® Mastercard® Credit Card isn’t fancy—it won’t get you airline miles or cashback. But if you’re serious about rebuilding your credit and don’t mind some fees along the way, it could be a helpful tool.
Just make sure to pay on time, keep your balance low, and avoid carrying a balance unless you want to pay those high interest rates.
Final Thought: Use this card wisely, and it can help open the door to better credit opportunities in the future!
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