WalletHub Rating
1.5/5
The First PREMIER credit card is an expensive unsecured card for people with poor credit. You should avoid the First PREMIER Mastercard if you don't have bad credit and you don't need to borrow a small amount of money for emergency expenses. Info about the First PREMIER® Bank Mastercard Credit Card has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.
WalletHub Rating Breakdown
User Reviews
3.0/5
1,715 reviewsRead and write reviews
Editor’s Review
1.0/5
John Kiernan, Credit Card EditorRead full review
Market Comparison
Market Comparison
1.4
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Rebuild Damaged Credit by Paying in Full Each Month” for this card.
Fees
1.1
Rewards
0.0
Cost
0.7
Other Features
4.3
1.4/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Bad Credit
First PREMIER Bank Mastercard Fees
One-Time Fees→$55 - $95
Annual Fee→$50 - $125 1st yr, $45 - $49 after
Monthly Fee→$0 - $8 1st yr, $6.25 - $10.4 after
First PREMIER Bank Mastercard APR on Purchases
36%
First PREMIER Bank Mastercard's Additional Info
Based on your creditworthiness, this card requires a one-time up front Processing Fee of $55 - $95, to be paid in full before the Credit Account is opened. If the Processing Fee is not paid in full within 85 days, the application will be withdrawn.
Fees reduce your available credit. For example, if your initial credit limit is $300, your initial available credit will be only about $225, given the $75 Annual Fee that is charged on the card.
Based on your creditworthiness and credit limit assigned, this card’s annual fee could be $50 - $125 in the first year, $45 – $49 after.
Based on your creditworthiness and credit limit assigned, this card’s monthly fee could be $0 - $8 in the first year, $6.25 - $10.40 after.
Your account history reports to the major Consumer Reporting Agencies
Use your card everywhere Mastercard® cards are accepted.
Each time your Credit Account is eligible for and approved for an unsecured credit limit increase, a Credit Limit Increase Fee in the amount of 25% of the amount of the credit limit increase will be assessed to your Credit Account.
*We are not affiliated with or authorized by First PREMIER Bank. The information herein has not been reviewed or approved by First PREMIER Bank.
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Editor's ReviewFact checked
Fact checked
John Kiernan, Managing Editor
June 13th, 2024
Fact Checked by Alina Comoreanu
Senior Researcher
First PREMIER Bank Mastercard Pros & Cons
Qualify with bad credit
Does not require security deposit
High membership fees
High regular APR
Foreign fee
First PREMIER Bank Mastercard Review
1.0 / 5
The First PREMIER credit card is an expensive unsecured card for people with poor credit. You should avoid the First PREMIER Mastercard if you don't have bad credit and you don't need to borrow a small amount of money for emergency expenses.
Below, you can find all the details you’ll need to make an informed decision about whether a First PREMIER credit card is right for your needs.
First PREMIER Credit Card Review Highlights
Very expensive
The First PREMIER Bank Mastercard Credit Card charges an application-processing fee, an annual fee and a monthly fee. The exact amounts depend on the credit limit you’re assigned, but the processing fee could be anywhere from $55 to $95. The annual fee ranges from $50 to $125 the first year and $45 to $49 each year thereafter. And the monthly fee ranges from $0 - $8 the first year and could be as “low” as $6.25 or as high as $10.40 each year thereafter.
Best case, you’ll have to pay roughly $190 in fees before the second anniversary of account opening. Worst case, you’ll have to shell out $269. In contrast, the average credit card would cost you about $34.7 over the first two years of use. And the best credit cards for people with the bad credit can be free to use.
Very little payoff
Your credit limit could be anywhere from $200 to $700, depending on what First PREMIER thinks of your overall creditworthiness. But remember, you won’t have all of that at your disposal to start with. Given the First PREMIER Credit Card’s high fees, you may actually wind with very little extra spending power, relative to what you can afford in cash.
For example, if you’re assigned a $300 credit limit, you will have to pay a $95 processing fee before opening your account and then a $75 annual fee once you do, giving you just $130 in borrowing power to work with. Such a paltry amount won’t go very far when you’re faced with emergency expenses. And emergency borrowing is the only reason for someone with bad credit to use an unsecured card instead of a secured card.
Market’s highest APR
The costs just keep on coming when you use the First PREMIER Bank Card. Balances carried from month to month will accrue interest at a whopping high annual rate. It’s by far the highest APR on the market, according to WalletHub’s database of 1,000+ credit card offers, and nearly double the 22.83% average among secured cards. Furthermore, as finance charges are added to your minimum monthly payment, you’ll have less and less borrowing power to work with the longer you carry a balance.
Far better alternatives
Regardless of your exact need, you can do better than the First PREMIER Bank Credit Card. If you want a credit card to rebuild your credit, rather than emergency borrowing, there are better options, like no annual fee secured cards.
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Compare The First PREMIER Bank Mastercard vs. Popular Alternatives
 First PREMIER® Bank Mastercard Credit Card |  Indigo® Mastercard® for Less than Perfect Credit |  Credit One Bank® Platinum Visa® |
|---|---|---|
1.5WalletHub Rating WalletHub Rating 1.5 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 1.0 User Reviews 3.0 Market Comparison 1.4 fees: 1.1 rewards: 0.0 cost: 0.7 Other Features: 4.3 | 1.8WalletHub Rating WalletHub Rating 1.8 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 2.0 User Reviews 3.4 Market Comparison 1.6 fees: 1.5 rewards: 0.0 cost: 0.6 Other Features: 5.0 | 3.1WalletHub Rating WalletHub Rating 3.1 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 2.8 User Reviews 3.3 Market Comparison 3.2 fees: 2.8 rewards: 4.0 cost: 2.9 Other Features: 4.5 |
minimum depositNo Deposit Needed | minimum depositNo Deposit Needed | minimum depositNo Deposit Needed |
one time fees$55 - $95 | one time fees$0 | one time fees$0 |
annual fee$50 - $125 1st yr, $45 - $49 after | annual fee$175 1st yr, $49 after | annual fee$39 |
monthly fee$0 - $8 1st yr, $6.25 - $10.4 after | monthly fee$0 1st yr, $12.50 per month after | monthly fee$0 |
Regular APR36% | Regular APR35.9% | Regular APR29.74% (V) |
rewards rate | rewards rate | rewards rate |
Sponsored Apply Now | Sponsored Apply Now |
Questions & Answers
Can't find what you are looking for? Submit your question about First PREMIER® Bank Mastercard Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page.
Most Popular
Upvotes
Is First PREMIER Bank a good credit card company?
Reply
Chip Lupo, Credit Card Writer
@CLoop
First PREMIER Bank is not a good credit card company because its credit cards have high annual fees, high APRs and no rewards. First PREMIER Bank credit cards also have an average user rating of 3.3/5 on WalletHub, based on more than 6,000 reviews, only about 33% of which are 5 stars.
All card issuers have strengths and weaknesses, however, and people's experiences with credit card companies can vary widely. If you find that the best credit card for your needs is from First PREMIER Bank, you may still want to apply. After all, First PREMIER Bank does offer cards such as the First PREMIER Bank Mastercard Credit Card, which has features such as monthly reporting to the 3 major credit bureaus and Mastercard ID theft protection that certainly aren't bad.
Upvotes
Is the Premier Bank Card a credit card?
Reply
Bianca Smith, WalletHub Credit Cards Analyst
@bianca_stoian
First Premier Bank credit cards are real credit cards for people with bad credit. Most First Premier credit cards are unsecured, which means they do not require a security deposit, but they tend to have high fees and interest rates. For example, the First PREMIER® Bank Mastercard Credit Card charges a one-time fee of $55 - $95 and has an expensive APR, as well as hefty membership fees.
On the other hand, the Premier Bank Everyday Rewards+ Card is issued by a different...
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51
Upvotes
Why can't I get a First Premier Bank Mastercard cash advance?
Reply
51
39
WalletHub
@WalletHub
Assuming that you've already obtained a cash advance PIN from First Premier (i.e., you've done a cash advance with this card before), it could either be a technical issue with the ATM or a sign that you didn't have enough available credit to accommodate the amount of the transaction. Related to that last part, if you recently maxed out your card, it's possible that First Premier responded by lowering your credit limit. The easiest way...
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3
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33
Upvotes
Where can I get a First Premier Bank Mastercard cash advance?
Reply
33
24
WalletHub
@WalletHub
You should be able to get aFirst Premier Bank Platinumcash advance from most ATMs, as long as you've obtained an account PIN from First Premier.You cangeta PIN by calling1 (800) 501-6535.
Just remember that credit cash advances are really expensive, so it's best to avoid them unless you are in an emergency situation.
9
22
Upvotes
Can I pay my First Premier Mastercard processing fee with a prepaid card?
Reply
22
11
Jacqueline Nash
@jacqueline_nash
Yes, you can pay your First PREMIER Bank Mastercard processing fee with a prepaid card. Just know that by doing so, it might take more time for the issuer to process your payment.
To speed things up, use a checking or savings account to pay for your processing fee.
4
View more answers
3
Upvotes
What's the First Premier Bank Mastercard credit score requirement?
Reply
3
Chip Lupo, Credit Card Writer
@CLoop
The First PREMIER® Bank Mastercard Credit Card is available to people with bad credit. That means people with credit scores below 640 have a shot at getting approved for the First PREMIER® Bank Mastercard Credit Card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the First PREMIER Bank Mastercard, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment...
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21
Upvotes
How can I go over my First Premier Bank Mastercard credit limit?
Reply
21
11
WalletHub
@WalletHub
You cannot go over your First Premier Bank Mastercard credit limit. If you find yourself maxing out your credit card often, a better alternative would be to just ask for a credit limit increase.
8
2
4
Upvotes
How do I check my First Premier Bank Mastercard Credit Card balance?
Reply
4
Lisa Cahill, Credit Cards Moderator
@lisacahill
You can check your First PREMIER Bank Mastercard balance online or through the First Premier Bank mobile app. It's also possible to check your First PREMIER Bank Mastercard balance over the phone at (800) 315-6350.
How to Check Your First PREMIER Bank Mastercard Balance
- Online:Log in to your First Premier Bank account. You will see your balance on the home page.
- Via the Mobile App:Log in to the First Premier Bank app. Your credit card balance will be shown on the home screen.
- Over the phone:...
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2
View more answers
Upvotes
What is the $95 program fee for First Premier Bank?
Reply
Chip Lupo, Credit Card Writer
@CLoop
The $95 program fee for First Premier Bank is the maximum one-time charge you must pay before you can open a First PREMIER® Bank Mastercard Credit Card account. The program fee ranges from $55 - $95, with the lowest program fees reserved for accounts with the highest credit limits.
First Premier Bank Program Fees
Initial Credit Limit | Program Fee |
$200 | $95 |
$300 | $95 |
...
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20
Upvotes
How do I increase my First Premier Bank Platinum credit limit?
Reply
20
13
WalletHub
@WalletHub
You can request a First Premier Bank Platinumcredit limit increase through your online account here.
You can also make the request by phone (800-987-5521), or if you happen to live in South Dakota, at one of First Premier's branch locations.
Just bear in mind that approval for a higher limit isn't guaranteed. It depends on your recent payment history and overall creditworthiness.
In addition to that, you will be charged a fee equal to...
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6
2
2024 WalletHub Awards
First PREMIER® Bank Mastercard Credit Card is an Editor's Pick for:
The Worst Credit Cards of 2024
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First PREMIER® Bank Mastercard Credit Card is related to the following categories:
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First PREMIER Bank Mastercard Reviews
Share your insights and review for the First PREMIER® Bank Mastercard Credit Card
5
21%
4
20%
3
20%
2
19%
1
19%
3.0
1,715 reviews
1,715 reviews
What's Your Rating?
Most Recent
Jayne Deaux
@greyfleurdelis
3 Star Rating
The only issue I have with this card is how long it takes to update your credit limit after the payment is withdrawn from your bank account.
Comment
Delilah Kellum
@delilah_kellum
1 Star Rating
I was on a hardship program for a year and was offered a settlement. I paid $238. While the client went on vacation, I, working as a home health assistant, called to change the date. However, these people cancelled my entire agreement, started back-charging fees, overdrawn my account, kept my money, and essentially told me to "kiss their behind." I disputed the charge and couldn't get my money back. They took me off the hardship program without my approval and began charging fees again. They are liars, rude, and horrible, especially to ethnic customers. Their morals and values definitely do not apply when it comes to customers. They have no concern for the hardships you may have and will only make it worse. Do not, I repeat, do not use or apply with this company. They will make it very difficult for you to even try to pay the bill. They laugh in your face, hang up on purpose, type incorrect notations, and are essentially disrespectful without being verbal. Please everyone, do not go through all the unnecessary rudeness, carelessness, and unprofessional behavior that I did.
Comment
bwynn98
@bwynn98
1 Star Rating
This was absolutely the worst decision I ever made regarding rebuilding my credit. I had a yearly fee of $49 going to hit my credit card, which was not a problem as they give you an advance notice that this is going to happen. I made three payments, and out of the three, my minimum payment was $50. I had this card connected to a recurring charge account with a fee of only $12.95, so I wasn't worried because I made several payments after interest. Year-end fees meant my account was still over the credit limit, costing me an additional $28.89. They dragged their feet posting any payments made to the Premier Credit Card account but charged my account early to collect extra fees. My year-end $49 fee wasn't supposed to hit my account according to the documents from their own website, which stated 4/24. However, they charged my account on 4/1/24, 23 days early, to collect an extra $28.89. It was a dirty trick—the fee charge date from their website showed it was three weeks away, which is evidently so they can trick, swindle, and deceive the consumer out of an extra $28.89.
I called Premier and spoke to a hard-to-understand customer service employee for Premier Bank. She informed me that the year-end charge is tacked onto your account on the 1st of April, but the documents showed 4/24/2024. I stayed calm, but the employee would not let me speak, so I told her to close my account immediately, and since then, one month later, I have completely paid off the credit card. They did not reimburse my year-end fee of $49 even though I never used it. My wife of 37 years has wonderful credit and told me she would help but to get away from Premier Bank Credit Cards. They also stopped allowing autopay for your credit card account and charge an $8.25 monthly fee if you forget, which can cost you an additional $50. This is why they will not allow automatic payments to be set up on the credit card account. I never forgot, but there will be some consumers who will, and it's a dishonest way for the credit card company to profit even more from consumers. This is why they have stopped allowing payments to be automatically set up on an already horrible credit card. This company is dishonest. Consumer beware.
Comment
Travis Hembree
@steelred
1 Star Rating
Absolutely garbage company. Charged a late fee before I even received the card. Good luck trying to make a payment or talk to a customer service agent.
Comment
Jessi holt
@Jh_handywork619
1 Star Rating
By far, the worst card. I do not recommend it at all; stay away. They are the worst to deal with. I have other cards where, when you make a payment, it instantly gets credited—not with this one. Never ever get this card; its service is terrible and rude. I am not happy at all with this card.
Comment
nikaseemungal7
@nikaseemungal7
1 Star Rating
Wow…. Premier credit card does not help. The issues I’m having with them is that even if you try and pay them off there still a monthly charge to the account. They also don’t offer any type of help in downgrading their annual fees at all. Cards like this should be banned. But once a thief knows the system better than the unsuspecting person they’ll take advantage of the situation. I wish I knew better. DON’T GET THIS CARD!
Comment
whuser75616598
@whuser75616598
1 Star Rating
Yes, when they say you have available credit on their statement and you use it, then you get your statement for your monthly payment and they say you went over your limit, which I know we did not go over what they said was your credit limit available.
Comment
brianna brewer
@briannalb21
1 Star Rating
Worst credit card ever! This is the only credit card I have issues with. They keep taking my payments out of my bank and not crediting them. I do not recommend it; it's like I'm paying them and not my credit card. They keep charging a $30 late fee, and I've never been late. I'm scared to try and pay it off because my balance hasn't changed, and they're not crediting it; they're taking my money!
Comment
tammynichole2
@tammynichole2
5 Star Rating
Sweet and nice-looking app, but I've not received my credit card yet, and I'm waiting on the credit report to get in the mailbox. Hopefully, it won't take long to get it done anymore because it's not my fault that I have no idea how to set up banking online.
Comment
Paula Fisher Raines
@prlponderosa
1 Star Rating
First Premier CC’s
Just say NO to this so-called business it’s a SCAM/FRAUD - everything was stellar until this month, when they returned my on time payment, saying it was NSF! Well we all know you can’t make a digital payment if you don’t have the money in your account in the 1st place it would just have been declined right off, secondly the cc company had PROOF all in my favor in several places, and ‘if’ it was returned, my bank has no record of it coming back… if it was a NSF it would have been reflected as “declined” , on the cc company it said clearly when it was returned- my bank has no record of any ‘return’ and lastly how do you return something that they say wasn’t even there , I sent them all my proof from my screen shots, it clearly shows the company name in those screenshots… as they asked for better/and more information with their logo and such, has anyone else had this problem let me know at
Paula Fisher Raines
([emailprotected])
They sure added a ton of fees, late,OTL,another late fee,, plus almost a double the amount to get squared, it’s happened to my other cc company but at least they’re giving me some courtesy time so I can fix if I can, please share maybe we can get a class action going- my lawyer friend said it has all the earmarks of being fraudulent something called’Constructive Fraud’
Comment
1
Review First PREMIER® Bank Mastercard Credit Card
First PREMIER® Bank Mastercard Credit Card
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* The information about the following cards has been independently collected by WalletHub: First PREMIER® Bank Secured Credit Card, Premier Bank Everyday Rewards+ Card, and First PREMIER® Bank Mastercard Credit Card.
