33 responses to “Review: First Premier Bank MasterCard Credit Card”

  1. Ryan Vance

    I applied for this card and I never got it when they said I would get it and I called them and they rushed one to me and I was suppose. To sign for it but it came in my mail and I call to check on the balance over the phone only to be told by the automated system that the account was closed on the same day that I received it. MONDAY morning I’m going to verbally rip them a new one for this.

  2. maggie

    I just got first premier card in mail. It says to use the card i need to pay $75 to get $225. Everything i have read from others say its actually a $95 to activate aqnd use the credit? So if i say never mind and dont pay it choosing to not do it I am going to get a bill from them for applying?????

    1. Dustin

      No, but don’t use the card because it comes in the mail as an active card. And don’t make any payments to the account. As long as you don’t do those two things then after a 30 to 60 day period, you just drop right off their radar. And you do want to be off their radar!

  3. will

    I just activated a premier bank secured card .. Ive called a few times in the past and the phone service is bad !!! For a credit card… I just got hunged up on today by them… For asking a few questions before paying the deposit.. I got transferred three times in order to ask a few questions.. And online access cost $5..?
    Wow.. but i love the little chip on the card .. Kinda feel like an angent

  4. Somebody

    Someone with 36% APR and credit line of 300

    36% / 12 (months of year) = 3% monthly interest

    Mean if your balance is at the full 300$ then the most interest you would pay is 9$

    300x 0.03 = 9$

  5. Somebody

    If you close your account and pay the 05 possessing fee and don’t use the credit card then you don’t have to pay anything but if you pay the 95$ fee and use the credit card and want to cancel it you can but you have to pay back the balance & also if you pay your balances off in full by your due date you don’t get charged interest, it is not a bad credit card it helps improve your credit as long as you know how to make your damn payments on time before 5 pm ct ! People that wrie bad reviews are the ones who don’t know how how a credit card functions. Yes the fees are high but because the company is taking a risk giving people credit card with bad credit so what do you expect ? 36 APR is t bad at all it’s only 3% per month

  6. Carolee Honesto

    GREAT INFORMATION. …Is there a credit card that maybe u recommend someone with bad credit?….

  7. Jean Louissaint

    First premier credit is the worst card anybody could get,they always try anything possible to make you pay a fee either is for “expedited service” or “your card was decline and you have to pay a late ”
    So when agree to pay late fee you can use the same card and it’s not going to be decline again,so please I’m begging you people ,do not get a first premier card,they gonna ruin your life…

  8. James

    Hi Beverley.
    Just found your blog. I’ll keep an eye on your site. Really great. I’m 18, I applied for several cards. I got sent a first premier card. Yepp, $75 yearly, 36% interest ECT. I’m not sure, what exactly to do. I paid the $95 processing fee. I have not used it or done anything. I plan to open a business, so I want to build credit for a business loan. I don’t really have the money for a secured card.
    I’m just looking for some advise.

    If I cancel now before using it..
    1 will I have to pay anything?
    2 will it hurt my credit

    If I choose to keep it…
    1 how can I avoid their crazy fees
    2 how much extra would I pay monthly if I pay the full balance on time

    what do you suggest?

    please email me any advise, please and thank you


  9. rebecca

    hi i just got a first premier credit card with a 700 dollar credit limet no other credit card companys will touch me i have not opend the accout yet bc i have been wanting to do some resurch first..i need a credit card to rebuild my credit bc of bankrupsy what i was wanting to do was use the card like a bank card if i spend 100.00 bucks on it then come home and pay the 100.00 bucks back will i still have fees i have never had a credit card my hole life …so if i spend 20.00 bucks for gas then come home and pay the 20.00 bucks back i don’t want to have to pay any more then what i used….please let me know if this will work with out any fees at all

  10. Jay

    I just paid the processing fee for this card yesterday. My Fico is a miserable 582, and my transunion is sitting at 161. I tried just about every other option I could find – including department store cards – just to get an open revolving account. My SOLE purpose with this card is to put my gas on it and pay it off. The $95 fee and the $75 annual fee stings a little, but if It helps me achieve my goal of increasing my score to buy a house…

    Well, thats just the price I have to pay for getting myself into the situation I’m in. For me, this card is a glimpse of the light at the end of the tunnel.

  11. Evelyn Carter

    I just paid the $95.00 today and now I’m just reading this wow omg can you tell me what should I do send me something to my email thanks…..

  12. Carolyn

    Hi Beverly,

    I’ve really enjoyed your blog; it’s been very helpful for trying to wade through the hefty decision on which card(s) to choose!

    …I saw your list of reviews for secured cards (which was beyond helpful!) and was wondering if you also kept your promise to rate various unsecured cards for those with bad or fair credit?

    Personally, I’m on the cusp of venturing into “fair” territory, but am currently still considered bad. So it would be really interesting to get your take on what unsecured options there are for people like me.


  13. patricia

    i never had a credit card i could not get one because of credit,i fiannly recevied one ,first premer card,i spent all that money,now i trying to pay it back ,i get a little money each month,and money is tight,if someone could help me and can tell me what to do i would appreciate it.

  14. Dee

    Yes absolutely,a yellow list for “cautions” is indeed a great idea.

    That is very interesting to hear about Citi. I hope they disclose the terms, however,I find it odd that a public company,especially a bank have made it difficult to access the terms.Very suspicious to me…

  15. Dee

    Hello Beverly,

    You can make a list called the “red list” which is credit cards people should absolutely stay away from.

    Then there is the “green list” which is more favorable credit cards and doesn’t rip off consumers.

    I have seen so much negative reviews on this card, it is insane. People who have reviewed this card on their respected website have rip this company secured card apart, and consumers not holding back on their comments have howl the same sentiments. I feel bad for the consumers who have this card and doesn’t know what they’ve got them self into by paying all these fees.

    Very bad card indeed.

    P.S. What do you think of the Citibank Secred Credit Card?

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