When you apply for a credit card, you need to know how much the fees are. These fees will vary depending on how much credit you have. The fees range from $300 to $700. Also, be aware of the interest rates. You may also want to check out the grace period.
Pre-qualification gives you a good indicator of credit cards approval
Pre-approval is required if you want to apply for a First Premier Bank card. 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 for a pre-qualification offer by clicking on the link provided on the issuer's website. 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 can be a good way for you to confirm your eligibility for a credit line. Pre-approval, which is a sign that the credit provider has reviewed your financial information and given you the go-ahead to apply for a card, is a good indicator of how credit-worthy you are. Pre-qualification is a feature that almost all credit card issuers offer. This doesn't affect your chances of getting approved.
Maintenance and setup fees
First Premier Bank credit cards have high maintenance and set-up fees, depending on credit limit. Annual fees can range from $120 to $174. Additional fees include late payment fees and foreign transaction fees of 3 percent. If you have an authorized user on your account, you'll pay another $29 per card each month. After 13 months, a fee equals 25 percent of the new credit limit.
First Premier Bank, a South Dakota community bank that offers personal and business banking products, is located in South Dakota. It's the 13th largest US bank to issue MasterCard brand creditcards. But there are other banks that offer better credit card deals. First Premier Bank can be avoided by comparing its credit card set up and maintenance fees to other banks.
Interest rates
First Premier Bank credit card rates are higher than other credit cards. These credit cards are charged an average of 36% annual percent rate (APR), which is the highest rate a legitimate lender may charge. This is a decrease from the previous rates of 79.9% on purchases and 59.9% on cash advances. This company does not offer an introductory APR for new purchases or balance transfers. This is a feature that many credit card companies have.
First Premier Bank, which is located in South Dakota, has been around since over 90 years. It is one of the 20 largest MasterCard issuers in the U.S. and has received four Mastercard Performance Excellence Awards. The credit card issuer also charges a 3% foreign transaction charge and reports payment information to three credit bureaus. It also charges a $8-5% 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 begins on the first day of the next billing cycle and allows you ample time to pay off the balance. This grace period will allow you to avoid interest charges and other fees, while still maintaining your credit score.
The credit card's annual fees are 36 percent. This is almost double the national average. The set-up fee can be up to 95 dollars. Your credit card application may be denied if the minimum balance is not paid within eighty-five business days.