When you apply for a credit card, you need to know how much the fees are. These fees are based on the credit limit you choose. You can typically choose between $300 to $700. You should also consider the interest rates. Also, be sure to review the grace period.
Pre-qualification provides a good indication of credit card approval
First Premier Bank will pre-approve all applicants who are interested in applying to for a credit card. To pre-qualify, the issuer must have your full name and current address as well as the last four digits (or your social security number) of your social media numbers. The link to the issuer's website will allow you to search for a prequalification offer. You must apply to the bank after you receive a prequalification offer. The application is quick and easy. It takes as little 60 seconds.
Pre-qualification, if you're interested to apply for a card, is a good idea. Pre-approval indicates that the credit card company has reviewed your credit and financial records and given you the green light. Good news: Most credit card issuers offer prequalifications for their products. Applying for one won't decrease your chances of getting approved.
Maintenance and setup fees
First Premier Bank creditcards can have high set-up costs and high maintenance fees depending on the credit limit. The annual fees for First Premier Bank credit cards can run from $120 to $144. 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. A fee of 25% will be charged if you want to increase your credit limit within the next 13 months.
First Premier Bank is a community bank in South Dakota that provides personal and business banking products. It is the 13th largest US issuer for MasterCard brand credit cards. However, there are a number of other banks that offer a lower credit card deal. First Premier Bank's credit card setup and maintenance fees can be compared to other banks to see if you are able to avoid them.
Interest rates
First Premier Bank credit cards interest rates are much higher than those of many other credit accounts. These credit card interest rates average 36% annually (APR), the highest rate any legitimate lender can charge. However, this is a step down from previous rates, which were as high as 79.9% for purchases and 59.9% for cash advances. It doesn't offer a introductory APR on balance transfers or new purchases, as many credit card companies do.
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. This credit card issuer has a 3% foreign transaction fee. It also reports payment information on the three credit bureaus. Cash advances are subject to a fee of $8 or 5% and require a security deposit.
Grace period
First Premier Bank offers an extended grace period of 27 day after you have made a purchase using your card. The grace period is available from the first day to the following billing cycle. It allows you ample time for payment. You can avoid paying interest or other fees and keep your credit score high during this grace period.
The credit card's annual fee is 36 percent, which is nearly double the national average. An additional set-up fee up to 95 Dollars will apply. Your credit card application may be denied if the minimum balance is not paid within eighty-five business days.