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First PREMIER Bank Gold MasterCard®

• Quality Customer Service
• Low APR on purchases
• Gold Card Prestige
• All applications accepted!
• All credit types welcome to apply!

Issuer:  First PREMIER Bank

APR: N/A

Introductory Period: N/A

APR After Introductory Period:  9.9% if you qualify for the lowest APR

Annual Fee: $48

Credit Line Possible: Up to $5,000 depending on your credit history.

Insurance included:  No insurance is included with the First PREMIER Bank Gold MasterCard

 Financing Configuration – This is determined by multiplying the "Average Daily Balance" for purchases and for cash advances outstanding during the monthly billing cycle by the monthly "Periodic Rate." The monthly “Periodic Rate” for purchases is 0.825%, which is equivalent to an APR of 9.9%

Grace Period – If you pay your previous balance in full on or before the due date shown on your previous statement you will have a grace period on purchases of 25 days.

The Best Thing About It – People with less than perfect credit can obtain a First PREMIER Bank Gold MasterCard®.

The Worst Thing About It –This card  has many finance charges, hidden fees including account set up fees, and account program fees.

Credit Rating Needed For Acceptance – Bad to Fair.

Who Is It For?

First PREMIER Bank Gold MasterCard®  is suitable for people with less than perfect credit who want to make their credit rating better and who don’t mind paying high fees in order to have a card with the potential to have a higher credit limit.

The Benefits

 

Better your credit rating:  This particular card does report to the credit bureaus, which can really help boost your credit rating.

You could have quite a high credit limit quickly: You will be eligible for consideration of a credit limit increase after 6 months.

The Drawbacks

 

Missing a payment is expensive: If your Account goes past the due date two times in any six-month period or goes past the due date for two consecutive billing cycles the APR for purchases will increase to 19.9%.

There are way too many hidden fees and charges. First PREMIER Bank Gold MasterCard®  has scores of charges like the Monthly Account Maintenance Fee and the Program Fee that are not fees that are not typically found on credit cards.

Fees To Watch Out For

 

Program Fee:  $95

Complete Terms & Details

Minimum Finance Charge:  There is a minimum of fifty cents per transaction.

Late payment fee:  $29

Over The Limit fee: $29

Cash advance Fee: Greater of $5.00 or 3% of the amount of the cash advance.

Monthly Participation Fee:  7.00 per month

Monthly Account Maintenance Fee: $3 per month on closed accounts with an outstanding balance of $20 or more.

Fees for Transactions in Foreign Currencies:  1% of the transaction amount.

Credit Limit Increase Fee:  You are charged $25 each time your account is eligible and approved for an increase in limit.

Internet Access Fee: $3.95

Copying fee: $3.00 per item if sent by email.

Return Item Fee Charge: $25.00

Card Replacement Fee:  $25.00 

Account Set Up Fee: $29.00

Additional Card Fee:  $20.00 per card

To Summarize –

The First PREMIER Bank Gold MasterCard® has very high set up and maintenance fees.  There is no travel insurance and access to cash advances is expensive and limited. However people with less perfect credit do qualify for it and it may be a good way to make your credit rating better as long as you pay it off monthly and on time.

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers	Credit Needed
N/A	N/A	9.9%	$48	N/A	Bad Credit