Is First Premier a real credit card?

It’s an unsecured card that offers approval to a wider range of credit profiles than many other credit cards. However, there are some significant drawbacks. Here’s what you need to know if you’re considering the First Premier credit card.

Is Premier credit legit?

Is Premiere Credit of North America a scam? They’re legit. According to the Better Business Bureau (BBB), Premiere Credit of North America, LLC is a legitimate collection agency, founded and incorporated in 1999.

Is First Premier Bank a real company?

First PREMIER Bank is a South Dakota-based financial industry leader with a solid national reputation and deep, South Dakota-proud roots.

What does my credit score need to be for a First Premier credit card?

between 300 and 579
The First Premier Mastercard is designed for applicants with poor credit (which Experian, one of the three credit bureaus, defines as having a credit score of between 300 and 579) who want to build or restore their credit history (the card’s transactions are shared with those agencies).

Is Premier a collection agency?

Premier Credit of North America, LLC, is a collection agency located in Indianapolis, Indiana. It was established in 1999, has 100 to 249 employees, and is managed by its President, Feroze A Waheed.

Can you withdraw money from First Premier credit card?

You can withdraw money from the First Premier Bank Credit Card as a cash advance. Once your account is open, your initial cash advance limit will be 10% of your credit limit.

Is Premier Bank card a credit card?

The PREMIER Bankcard Mastercard Credit Card* is an unsecured card option for people with no credit history or a bad credit score, but we don’t recommend this as a credit-building tool.

Does First Premier Bank do a hard pull?

Yes, the First Premier Bank Mastercard does a hard pull on your credit when you apply for it online. You can apply with a bad credit, but a hard pull usually causes your credit score to further drop by 5-10 points. You can learn more about how to minimize the credit score damage here.

Do I have to pay the program fee for First Premier Bank?

Program fee: This is a one-time fee charged when you open the account. It ranges from $55 to $95. Annual fee: This ranges from $75 to $125 in the first year and $45 to $49 after that. … First Premier cards with smaller credit limits don’t charge monthly fees in the first year, but they do so afterward.

How do I pay my First Premier program fee?

Payment options include a bank draft, personal check, money order, debit card, or another credit card. First Premier will not open an account until it receives the processing fee. If you receive a mail offer, you can respond to it from the First Premier website.

How long does it take for my First Premier payment to post?

7-10 daysFunds availability for First Premier credit cards depends how you sent your payment. If you mailed it, you should allow 7-10 days for your payment to be posted. If you submitted it online, by phone, via Western Union Quick Collect or via MoneyGram Express payment, your payment will post by the next business day.

How do I cancel my First Premier credit card?

You can cancel your First Premier credit card at any time by notifying First Premier Bank in writing or by phone at (800) 987-5521. Keep in mind though, that even after your credit account is closed, you remain responsible for paying any amounts you owe on the credit account, according to the terms of your contract.

What credit bureau does First Premier Bank use?

You can apply for one with bad credit or no credit score at all. There is a fixed rate, though: First Premier’s APR of 36% for its unsecured cards and 19.9% for its secured credit card. On the plus side, First Premier reports your activity to the major credit bureaus TransUnion, Experian and Equifax.

How soon can I use my First Premier credit card?

You cannot use your First PREMIER® Bank Classic Credit Card instantly after approval. You have to wait for your card to arrive in the mail to be able to use it.

Does closing a credit card hurt your credit?

A credit card can be canceled without harming your credit score⁠; just remember that paying down credit card balances first (not just the one you’re canceling) is key. Closing a charge card won’t affect your credit history (history is a factor in your overall credit score).

Do unused credit cards hurt your score?

Closing a credit card account — whether it’s unused or active — can hurt your credit score primarily because it reduces the amount of available credit you have. If the card you close has a small credit limit, you may see little or no effect.