When you apply for a credit card, you need to know how much the fees are. The credit limit you select determines the fees. You typically have the option to choose between $300 and $700. It is also important to take into account the interest rates. You may also wish to examine the grace period.
Pre-qualification gives you a good indicator of credit cards approval
First Premier Bank pre-approval is necessary if you wish to apply for a First Premier Bank bank credit card. Pre-qualification requires that you provide your full name, current residence, and the last four numbers of your social security number. The link to the issuer's website will allow you to search for a prequalification offer. After receiving a pre-qualification offer, you must submit an application to the bank. It is quick and simple, and can be completed in less than 60 seconds.
Pre-qualification can be a good way for you to confirm your eligibility for a credit line. Pre-approval indicates that the credit card company has reviewed your credit and financial records and given you the green light. Good news is that pre-qualifications are available for most credit card issuers. If you apply for one, your chances of being approved will not be diminished.
Maintenance and setup fees
First Premier Bank credit-card maintenance and setup fees can be quite high depending on your credit limit. The annual fees for First Premier Bank credit cards can run from $120 to $144. Additionally, you'll be charged 3 percent foreign transaction fee and late payment charges. If you have an authorized user on your account, you'll pay another $29 per card each month. If your credit limit needs to be increased after 13 month, you will have to pay a 25 percent fee.
First Premier Bank, a South Dakota community bank that offers personal and business banking products, is located in South Dakota. It is the thirteenth largest US issuer of MasterCard brand credit card cards. You can find lower credit cards deals at other banks. 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 card interest rate is higher than many other credit cards. The average annual percentage rate (APR), charged by these credit cards is 36%. This rate is the highest a legitimate lender can charge. This rate is lower than the rates that were previously available, which could have been as high as 79.9% in purchases and as high as 59.59% for cash advances. The company does not offer an intro APR on new purchases and balance transfers, as is the case with many credit card companies.
First Premier Bank is located in South Dakota. It has been in existence for more than 90 years. It is one of the 20 largest MasterCard issuers in the U.S. and has received four Mastercard Performance Excellence Awards. This credit card issuer charges a 3.3% foreign transaction fees and reports payment information directly to the credit bureaus. Additionally, it charges an $8 or 5% fee for cash advances and requires a security deposit.
Grace period
First Premier Bank provides a grace period of 27 days after you make a purchase with your card. The grace period is available from the first day to the following billing cycle. It allows you ample time for payment. During this time, you'll be able to avoid paying interest and other fees while keeping your credit score high.
The annual fee for the credit card is 36%, almost twice as much as the national average. A set-up fee of up to 95 dollars will also apply. Lastly, if you don't pay the minimum balance within eighty-five days, your credit card application could be denied.