First Premier Bank Mastercard Reviews: Pricey Option To Rebuild Your Credit!

The First Premier Bank Offers a bunch of Credit Cards and they all seem to have the Same Rates and Fees. The First Premier Bank has High Intrest Rates and offered a Credit Card with a 36% APR.

The First Premier Bank is based in Sloux Falls, South Dakota, and the company only not offers Credit Cards. The First Premier Bank also Provides Financial Services such as Wealth & Asset Management, Business Treasury Services, Trust Administration, Investing, and Personal Checking Accounts. The company prides itself on being a full-service community bank with services on all levels, local, regional, and national.

Credit Cards are a Potential Way for Consumers who are looking to improve their Poor Credit. The First Premier Bank Credit Card helps with the dilemma of Reestablishing your credit after you have hit some financial move. here is the short description of the First Premier Bank Credit Card:

First Premier Bank 

First Premier Bank was Founded in 1986 in Sioux Falls, South Dakota which is the 13th Largest Issuer of Credit Card and MasterCard in the USA. The First Premier Bank is known for Specializing in a Wide Range of Subprime Credit Cards that are Marked to Individual with Low Credit Scores. The Bank was owned and controlled by T. Denny Sanford. The typical First Premier Bank Credit Card MasterCard user Uses the Card for About 18 Months before Moving to Another Card with Better Terms. The First Premier Bank’s CEO Dana J. Dykhouse was referenced in the 2014 piece in the Argus Leader as Belonging to a Group of would-be local benefactors.

First Premier Bank Mastercard

The First Premier Bank Mastercard is issued by First Premier Bank, headquartered in South Dakota in working in the credit card business since 1989. First Premier Bank Mastercard is an unsecured credit card that is designed for People with Low Credit Score. In most of the Cases, Lenders Give credit cards to people with a bad credit limit Offers Secure Cards. This Card has a lengthy list of fees and the annual percentage rate (APR) is 36%. we can say the First Premier Bank Mastercard is a pricey card which has in your wallet. Unless you’re absolutely out of options and desperate to get a credit card, it’s wise to look elsewhere.

Related Posts:  First National Bank Texas Login, Activation, Online Bill Payment & More!

First Premier Bank

First Premier Bank Credit Card-

First Premier Bank Credit Card at a Glance 
Key Features  Helps consumers with bad credit rebuild their credit history
APR 36%
Annual Fee
  • $75 to $125 for the first year, based on the credit limit
  • $45 to $49 thereafter, based on a credit limit
Other Fees
  • 25% credit limit increase fee
  • 5% cash advance fee
  • Up to $95 one-time program fee
  • No monthly fee for the first year if your credit limit is $500 or less, then $6.25 to $10.40 per month, based on the credit limit
  • Late payment fee and returned item fee up to $38
  • 3 per cent foreign transaction fee
  • $29 authorized user fee
  • Accepts applicants with bad credit
  • Reports payment history to credit bureaus to help rebuild credit
  • Easy to get
  • Reports to credit bureaus
  • Fast approval
  • Credit limit increases
  • Free FICO score
  • Credit protection available
  • Accepted most places
  • High-interest rate
  • 36% APR
  • No rewards
  • Excessive fees
  • Imposes initial fee, annual fee, and monthly fees

Credit Limit

Program Fee

Annual Fee

Monthly Fee



$75 the first year then $45

$0 the first year then $6.25 a month



$100 the first year then $45

$0 the first year then $6.25 a month



$125 the first year then $49

$0 the first year then $10.40 a month



$79 the first year then $49

$5.85 a month the first year then $8.25 a month



$79 the first year then $49

$8 a month the first year then $10.40 a month



$79 the first year then $49

$8 a month the first year then $10.40 a month

Related Posts:  Amazon Credit Card Login Synchrony To Pay Bills At

The First Premier Bank Credit Card is for the People with really Bad Credit. it’s for the People who absolutely can’t get the Credit Card anywhere else. The Card is very expensive even before made you any purchases.

Few Facts About First Premier Bank Credit Card-

  • First Premier Bank Serves as the Bank for Both the State of South Dakota and the Women, Infants, and Children (WIC) program
  • Using the First Premier Bank Credit Cards you can build a good credit history. Make your payments on time each month, and keep your balance low relative to the credit limit, for positive marks on your credit report each month.
  • The holding company that operates above First Premier Bank and Premier Bankcard is called United National Corporation. The American Association Banking Journal has consistently ranked United National Corporation as one of the top-performing S-corp banks with assets between $100 million and $3 billion.
  • Your First Premier Bank credit card activity is reported to the Consumer Reporting Agencies each month.
  • You Can Track your progress. Your quarterly FICO Score is provided for free on your monthly billing statement.
  • Credit scores are used to represent the creditworthiness of a person and maybe one indicator to the credit type you are eligible for. However, the credit score alone does not guarantee or imply approval for any First Premier Bank product.

First Premier Bank Gold MasterCard Pricing-

The Annual Fee $75 in the first year for $300 limit, $45 after that

$100 in the first year for $400 limit, $45 after that

$125 in the first year for $500 limit, $49 after that

The Processing Fee $95
The Monthly Fee $6.25 for $300 credit limit, waived in the first year

$6.25 for $400 credit limit, waived in the first year

$10.40 for $500 credit limit, waived in the first year

Late Payment Fee $38
Returned Item Fee $35
Credit Limit Increase Fee 25 percent of the credit limit increase
Cash Advance Fee $6.00 or 5 percent
Foreign Transaction Fee 3 percent

Features Of First Premier Bank Credit Cards-

You can easily use your First Premier Bank Credit Card anywhere that MasterCard is accepted. the Bank will report your Payment History, to the Major Credit Card Reporting Agencies, So Your Credit score should improve if you use the card responsibly and make on-time Payment every Months. You need not Pay the Interest if you’re able to pay off the monthly balance in full before your billing cycle closing date, which gives you at least 27 days from the start of each cycle.

First Premier Bank Credit Cards

First Premier Bank Master Card Credit Card Reviews-


  • Up to $896 in initial spending power
  • Can be approved with bad credit


  • $25-$95 processing fee
  • $75-$125 first-year annual fee
  • $120-$174 in fees each year thereafter
  • 36% regular APR

Note: This content is not provided or commissioned by any issuer. all the Opinions expressed here are the Author’s alone, not those of an issuer, and have not been reviewed, approved or otherwise endorsed by any issuer.

The Bottom Lines

The First PREMIER® Bank Credit Card is considered to be a last-ditch option. The First Premier Mastercard offers an alternative to a secured card for those who have bad credit or no credit at all. Unlike the Secured card, the First Premier Mastercard requires no security deposit. With its staggering APR, numerous fees, and no benefits, it’s a risky choice that shouldn’t be made lightly.

Leave a Comment

error: Content is protected !!