PREMIER Bankcard® Card – Initiate The Process Of Rebuilding Your Credit Score

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PREMIER Bankcard® Credit Card

3/5

Are you in search of a credit card that can assist you in improving your credit score? The Premier Credit Card offered by First Premier Bank may be the ideal solution for your needs. With a manageable credit limit and access to credit score tracking, this card is designed to help you establish a positive credit history.

Do you aspire to elevate your credit score to new heights? Don’t overlook the incredible advantages that come with the Premier Credit Card! Take a look at the benefits listed below:

  • The possibility to increase your credit limit after 12 months;
  • No requirement for a security deposit;
  • Convenient expense management;
  • An initial credit limit of $200.

When considering the PREMIER Bankcard®, it’s important to be aware of associated fees. These fees include an annual fee ranging from $50 to $125 and a program fee ranging from $55 to $95.

Nevertheless, this card proves valuable for those seeking to boost their credit scores, as it reports monthly payments to major credit bureaus and offers FICO® Score management capabilities.

After responsibly using the credit card for 12 months, you have the potential to increase your credit limit. Simply keep in mind the associated fees and utilize the card prudently to attain your financial objectives.

Not entirely sold on the Premier Bankcard? We have an alternative recommendation for you. It’s an excellent choice for individuals with limited or poor credit histories, and it doesn’t require a credit check. Moreover, you can set your own credit limit and enjoy additional perks such as fraud protection and online account management. Take a closer look to see if it aligns with your needs!

Premier Bankcard® Card: Accessible Credit for Challenged Scores:

If you’re in need of a credit card but have a less-than-ideal credit score, the PREMIER Bankcard® Credit Card could be your solution. This card offers credit limits ranging from $200 to $700 without requiring a security deposit.

Securing a credit card with a less-than-stellar credit score can prove challenging, as many issuers demand a good credit history and a minimum income threshold that may not be attainable for many individuals. Therefore, it’s worth considering whether applying for this card is a viable option.

In this review, we’ll delve into the costs associated with obtaining this card and explore its potential benefits. If you’re on the fence about applying for it, reading this article will provide you with valuable insights.

What’s Required to Obtain this Card?

  • Credit Score: Very poor/fair;
  • Annual Fee: $45 – $125 + monthly fees;
  • Regular APR: 19.9% – 36% APR;
  • Welcome bonus: Not available;
  • Rewards: Not available.

Is the PREMIER Bankcard® Credit Card a Suitable Choice for Credit Rebuilding?

While many credit cards claim to offer unsecured credit lines to individuals with low credit scores, this review sheds light on the drawbacks of this particular card.

Unfortunately, this card may not be the most favorable option due to its numerous associated fees. It might lead you to question whether a secured credit card would have been a better choice, as unlike the fees, the security deposit is refundable. Additionally, with a 36% APR, carrying a balance can prove to be a costly mistake.

Despite these drawbacks, some individuals may still consider this card. However, it’s crucial to exercise caution and perform the necessary financial calculations before making a decision.