First PREMIER® Bank Credit Card

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Last updated on July 18th, 2021

First PREMIER® Bank Credit Card

Free FICO Score Reported Quarterly

First PREMIER® Bank Credit Card
  • Regular Purchase APR 36%
  • Cash Advance APR 36%
  • Annual Fee $75-$125 the first year, depending on credit limit. After that, $45 to $49 depending on credit limit
  • Credit uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card.
  • Processing Network Mastercard
Best Benefits
  • Quarterly FICO® score is provided free of charge with monthly billing statement
  • Ideal for consumers with less than perfect credit
  • Free online account access
  • Forget about late fees by enrolling in PREMIER Auto Pay
Rates & Fees
  • Regular Purchase APR: 36%
  • Cash Advance APR: 36%
  • Cash Advance Transaction Fee: Either $8 or 5% of the amount of each cash advance, whichever is greater
  • Annual Fee: $75-$125 the first year, depending on credit limit. After that, $45 to $49 depending on credit limit
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $39
  • Return Payment Penalty Fee: Up to $39
Deals and Discounts

At a Glance

Ideal for individuals developing good credit borrowing habits, the First PREMIER® Bank Credit is worth considering if you’re planning on keeping your purchases small and your payments on time. Understanding credit scores can be tricky. Fortunately, there are practical steps that can be taken when trying to improve your credit score – and the First PREMIER® Bank Credit Card is a great place to start.

Ideal for Those Who:

  • Have less than perfect credit
  • Want to build your credit and monitor its progress

First PREMIER® Bank Credit Card Review

The First PREMIER® Bank Credit Card can be a worthwhile acquisition for customers aiming to fortify their credit scores. While the card’s credit limit is strict, and its APR high, these factors are an effective way to budget wisely and keep balances low – thereby showing financial responsibility and improving credit standing. In addition to the convenience of a traditional credit card, the 1st Premier Bank credit card also provides free quarterly FICO score reports so cardholders can monitor the health of their credit. In addition, First PREMIER® grants users online access to their account so they can review it on desktop or mobile devices. Plus, they can enroll in automatic payments and have one less monthly bill to manually tend to.

Things to be wary of with First PREMIER include a dizzying array of fees. The card charges fees for applications, processing fees, monthly fees, and more. The precise fee you’ll be charged varies depending on your credit score, but just the annual fee with the card can range has high as $125.

First PREMIER also ahs one of the highest APRs on purchases on the market today. That rate is in the mid-30s, almost double what can be expected from a secured credit card, like the OpenSky Visa®, or even another credit card for bad credit, like the Destiny™ Mastercard®.

Related Article: What Are the Easiest Credit Cards for Bad Credit to Get?

Should You Apply for the First PREMIER® Bank Credit Card?

Overall, the First PREMIER® Bank Credit Card is a credit card that offers those with badly damaged credit an unsecured lifeline – and little else. The card features high interest rates and fees, and many better offers can be found elsewhere. 

For more information on establishing credit and credit cards, visit our Comprehensive Credit Cards for Bad Credit Reference Page, featuring the best current credit card offers, detailed advice, and tips to help you build your credit history.

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BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.

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