If you are applying for a card, it is essential to find out the exact fees. These fees depend on your credit limit. Typically, you can choose between $300 and $700. Important to look at the interest rate. You might also want to look into the grace period.
Pre-qualification provides a good indication of credit card approval
You must first be pre-approved to apply for a First Premier Bank credit cards. To pre-qualify, you must provide the issuer with your full name, current address, and last four digits of your social security number. You can also search the website for a pre-qualification link. Once you have received a pre-qualification proposal, you will need to submit an application at the bank. The process is fast and easy, and the process can be completed in as little as 60 seconds.
Pre-qualification will help you ensure you are approved for credit cards if you are interested. Pre-approval indicates that the credit card company has reviewed your credit and financial records and given you the green light. Pre-qualification is a feature that almost all credit card issuers offer. This doesn't affect your chances of getting approved.
Installation and maintenance fees
First Premier Bank credit-card maintenance and setup fees can be quite high depending on your credit limit. Annual fees can range from $120 to $174. You'll also be subject to 3 percent foreign transaction fees and late payment fees. Additional $29 per month will be charged if your card has an authorized user. 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, a South Dakota community bank that offers personal and business banking products, is located in South Dakota. It's the thirteenth largest issuer of MasterCard brand credit cards in the US. There are other banks offering lower credit card rates. First Premier Bank is not the right bank for you. Compare their maintenance and credit card set-up fees with those of other banks.
Interest rates
First Premier Bank credit cards interest rates are much higher than those of many other credit accounts. These credit cards charge an average of 36% annual percentage rate (APR) - the highest rate a legitimate lender can charge. This is a decrease from the previous rates of 79.9% on purchases and 59.9% on cash advances. The company doesn't offer an APR introductory on new purchases or balance transfer, which is a common feature among many credit cards companies.
First Premier Bank has been operating in South Dakota for over 90 year. It is among the largest MasterCard issuers in America and has been awarded four Mastercard Performance Excellence Awards. The credit card issuer collects payment information from the three credit agencies and charges a foreign transaction fee of 3%. Cash advances are subject to a fee of $8 or 5% and require a security deposit.
Grace period
First Premier Bank offers a 27-day grace period after you've made a purchase 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. You'll be able avoid interest and other fees during this grace period while maintaining a high credit score.
The credit card's annual fees are 36 percent. This is almost double the national average. There will be a setup fee of up 95 dollars. Your credit card application may be denied if the minimum balance is not paid within eighty-five business days.