If you are applying for a card, it is essential to find out the exact fees. The credit limit you select determines the fees. You can typically choose between $300 to $700. Important to look at the interest rate. You may also wish to examine the grace period.
Pre-qualification provides a good indication of credit card approval
If you are interested in applying for a First Premier Bank credit card, you should first qualify for pre-approval. To pre-qualify, you must provide the issuer with your full name, current address, and last four digits of your social security number. You can also search the website for a pre-qualification link. Once you have received the pre-qualification offers, you need to apply to the bank. The application is quick and easy. It takes as little 60 seconds.
Pre-qualification, if you're interested to apply for a card, is a good idea. When applying for a credit card, pre-approval is an indication that the credit card issuer has reviewed your financial and credit history and given you the thumbs-up. The good news is that most credit card issuers offer pre-qualifications for their products, and applying for one doesn't hurt your chances of being approved.
Setup and maintenance charges
First Premier Bank credit-card maintenance and setup fees can be quite high depending on your credit limit. The annual fees range from $120 up to $174. The fees can also include 3 percent foreign transaction fees as well as late payment fees. Additional $29 per month will be charged if your card has an authorized user. A fee of 25% will be charged if you want to increase your credit limit within the next 13 months.
First Premier Bank, a South Dakota community bank that offers personal and business banking products, is located in South Dakota. It is the thirteenth largest US credit card issuer of MasterCard brands. But there are other banks that offer better credit card deals. First Premier Bank can be avoided by comparing its credit card set up and maintenance fees to other banks.
Interest rates
First Premier Bank credit cards interest rates are much higher than those of many other credit accounts. The average annual percentage rate (APR), charged by these credit cards is 36%. This rate is the highest a legitimate lender can charge. However, these rates are lower than previous rates, which ranged from 79.9% to cash advances and 59.9% to purchases. The company doesn't offer an APR introductory on new purchases or balance transfer, which is a common feature among many credit cards companies.
First Premier Bank is based in South Dakota and has been around for over 90 years. It is one of 20 largest MasterCard issuers across the U.S., and has received four Mastercard Performance Excellence Awards. This credit card issuer has a 3% foreign transaction fee. It also reports payment information on the three credit bureaus. Additionally, it charges an $8 or 5% fee for cash advances and requires a security deposit.
Grace period
First Premier Bank offers a grace period for 27 days following a purchase made on your card. The grace period starts on the first day in the next billing cycle. It gives you ample time to pay the balance. You'll be able avoid interest and other fees during this grace period while maintaining a high credit score.
The credit card's annual fees are 36 percent. This is almost double the national average. There will be a setup fee of up 95 dollars. Your credit card application may be denied if the minimum balance is not paid within eighty-five business days.