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 typically have the option to choose between $300 and $700. The interest rates are also important to consider. Also, be sure to review the grace period.
Pre-qualification is a good indicator 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. Click on the link on the issuer's site to search for pre-qualification offers. Once you have received the pre-qualification offers, you need to apply to the bank. It is quick and simple, and can be completed in less than 60 seconds.
Pre-qualification is a great way to make sure you get approved for a credit card. Pre-approval means that the credit card issuer has reviewed and approved your credit and financial history. Good news is that pre-qualifications are available for most credit card issuers. If you apply for one, your chances of being approved will not be diminished.
Installation and maintenance fees
First Premier Bank credit cards have high maintenance and set-up fees, depending on credit limit. The annual fees for First Premier Bank credit cards can run from $120 to $144. There are also 3 percent foreign transaction fees, late payment fees, and a $120 annual fee. You'll be charged $29 each month if you have an authorized user in your account. If you need to raise your credit limit after 13 months, you'll pay a fee equal to 25 percent of your new limit.
First Premier Bank in South Dakota is a community bank that offers both personal and commercial banking products. It is the 13th largest US issuer for MasterCard brand credit cards. You can find lower credit cards deals at other banks. First Premier Bank's credit card setup and maintenance fees can be compared to other banks to see if you are able to avoid them.
Interest rates
First Premier Bank credit-card interest rates can be higher than most other cards. These credit card interest rates average 36% annually (APR), the highest rate any 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 does not offer an intro APR on new purchases and balance transfers, as is the case with many credit card companies.
First Premier Bank is located in South Dakota. It has been in existence for more than 90 years. It is one of the 20 largest MasterCard issuers in 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. It also charges a $8-5% 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 begins on the first day of the next billing cycle and allows you ample time to pay off the balance. This grace period will allow you to avoid interest charges and other fees, while still maintaining your credit score.
The annual fee for the credit cards is 36 percent. This is nearly twice the national average. The set-up fee can be up to 95 dollars. The minimum balance must be paid within 85-7 days or your credit card application will be denied.