for the first year ($45 thereafter)
Purchase APR (variable)
Recommended credit score
|Annual fee||$75 how do i cancel my first premier bank credit card annual fee for the first year ($45 thereafter)|
|Purchase APR||36% variable|
|Balance transfer APR||N/A|
|Minimum Credit Score||300|
|Cash advance rate||36% variable|
|Cash advance fee||$8 or 5% of the cash advance amount, whichever is greater|
|Foreign transaction fee||3% of the transaction value|
|Interest free period||Up to 27 days|
|Late payment fee||Up to $39|
|Returned payment fee||Up to $39|
|Additional cardholder fee||$29|
Steven Dashiell[email protected]
Steven Dashiell is a writer at Finder specializing in all things credit cards. With more than 300 articles under his belt, he aims to help readers embrace credit cards and maximize their rewards. Steve is studying to become a Certified Educator in Personal Finance, and is a frequent face on Finder’s YouTube channel, offering the latest in credit card hacks and advice. His expertise has been featured on numerous outlets, including U.S. News & World Report, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and more.
I’ll get this out of the way: this is not a card you should consider if you need to raise your credit. The First PREMIER® Bank Mastercard® Credit Card comes with a dizzying array of fees, including an annual fee, program fees, monthly fees, your standard late payment fees and a horrendous APR of 36%% variable.
In fact, the card’s terms and conditions have an entire table laid out dedicated to the card’s confusing fee structure. You see, your card’s program fee, annual fee and monthly fee all depend on your initial credit limit. What’s especially strange is earning a higher credit limit doesn’t necessarily mean you’re paying less than someone with a lower credit limit. In fact, the card’s largest monthly fee is found on the $700 tier, which also possesses an annual fee comparable to how do i cancel my first premier bank credit card “worst” version of the card you can get (which itself charges less in monthly fees).
Don’t try to wrap your head around it — no one should need to pay these fees to start building their credit. Stay far away from this card, and look into another secured card with fewer fees and better rates.
If you really must, you can apply for the First PREMIER® Bank Mastercard® Credit Card by doing the following.
- Go to the provider's site and click Apply now.
- Select the First PREMIER® Bank Mastercard® Credit Card and fill out the requested information. This includes your name, address, date of birth, and social security number.
- Select Continue to finish the application.
- Far too many fees. The First PREMIER® Bank Mastercard® Credit Card has an array of fees, with the exact price you pay depending on your initial credit limit.
- Program/activation fee: $55 to $95
- Annual fee: $75 to $125 for first year, $45 to $49 after that.
- Monthly fee: $75 to $124.80 annually
- Foreign transaction fee: 3% of the transaction
- Late payment fee: Up to $39
- Return item charge: Up to $39
- Additional card fee: $29 annually for each additional card
- Credit limit increase fee: 25% of the credit limit increase
- Express delivery fee: $35
- Very high APR. At 36%%, the First PREMIER® Bank Mastercard® Credit Card‘s APR is more than double the industry average. Carrying a balance on this card is a very bad idea.
- No rewards. This card lacks any sort of rewards or introductory offers that generate value.
- Reports to all three major credit bureaus. This includes Equifax, Experian and Transunion.
- Unsecured. You won’t need to make a security deposit to use this card, though this is hardly a perk given the card’s fees.
Explore your options by minimum deposit required, purchase APR, annual fee and minimum credit score. Select the Apply now button to start your application with a particular provider.
Customer reviews are few, though one reddit user did describe applying for the card, receiving it and getting blindsided by the card’s fees. They opted not to use the card.
First Premier Bank is accredited with the Better Business Bureau and has received an A+ rating as of November 2021. Strangely, the bank has no customer reviews listed on the site.
There’s little good to say about the First PREMIER® Bank Mastercard® Credit Card. The card’s sky high APR and copious fees mean this card will likely do more damage to your wallet than it would help. Instead, look for other credit building options that can better help you build credit safely.
Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our marketing partners don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when posted.
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Compensation may factor into how and where products appear on our platform (and in what order). But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That's why we provide features like your Approval Odds and savings estimates.
Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can.
If you’re wondering how to cancel a credit card, it’s best to think over the decision first.
In fact, the consequences of closing a credit card could stick to your credit scores and reports for a long time.
Canceling a credit card might seem like a simple way to move on to a new, better option — or maybe you want to end a relationship with a card that you now realize was too costly and partly to blame for your debt problems. But a closed credit card can stick out like a sore thumb on your credit reports and affect your scores considerably.
That doesn’t mean it’s always a bad idea to close a credit card. But it’s important to know what you’re getting into first. Let’s go over some things you should think about when considering closing a credit card and how it can affect your credit.Check your credit scores for free See My Scores Now
- Consider the effects on your everyday life
- Strongly consider the impact on your credit
- Consider alternatives to canceling your credit card
- Cancel your card
If you currently rely on your credit card for common expenses, canceling a card could prompt you to change many of your habits. And even if you have other cards, it’s a good idea to think about how you’ll pay for things after canceling your card.
For instance, if you use your credit card to pay for day-to-day expenses at grocery stores, restaurants and gas stations, you’ll have to figure out a new method of payment. If the card you used previously at those locations earned rewards, you might also be losing out on similar benefits moving forward. If you plan to use another card, look into its features and see if it’s an equally good option.
On the other hand, you might have already decided you prefer to pay with a debit card, check or cash. But each of those options comes with its own specific uses and potential issues, too, so consider what that future might look like before acting.
There are five major factors that influence your credit scores: payment history, amounts owed, length of credit history, new credit and credit mix. Canceling a credit card could affect each of these factors — and in turn, your scores.
Let’s take a look at how canceling a credit card could affect each of these major credit factors.
Making on-time and in-full payments consistently is a common way to use a credit card to build credit. If you’re able to do so, this can be a straightforward way to help your credit.
On the other hand, if you think you might have trouble paying off your balance every month over the long term, closing the card could protect you from future activity that would harm your credit. But if you currently have a balance on your card and want to close the card, you’ll need to discuss your options with your issuer first.
Credit bureaus track the amount of money you owe on your accounts to ensure you’re not using too much of your available credit. Known as your credit utilization rate, this percentage compares the amount of money you owe to the amount of credit that’s available to you. A lower rate is usually better.
If you can only afford to make the minimum payment each home remedies for cough in infants and you’re carrying a balance, your credit utilization rate will stay higher and could hurt your credit scores.
But closing your credit card might only make it worse if it significantly lowers your total available credit. If you’re planning to close a card without opening another line of credit, you could see a major impact to your scores.
Length of credit history
A longer active credit history is usually better for your credit. In general, lenders like to see that you have a track record of managing credit effectively over time.
But when you close a credit card, that card stops aging and can’t grow. That will cut into your active credit history for at least as long as it takes to get another account growing.
And if the card you’re thinking of opening was also your first credit card, we strongly recommend keeping it open even if you rarely use it. As your oldest line of credit, it will have the biggest impact on the length of your credit history.
When you apply for a new credit card, you might notice a hard inquiry on your credit reports. This shows that the lender checked your credit before deciding whether to approve your account.
Closing your credit card won’t affect your new credit unless you’re closing it to open a new card. If you feel more comfortable having only one credit card at a time, this might seem like a sensible approach.
We don’t want to discourage you from opening a new credit card that better fits your needs and habits. But you should be aware that the new credit card application will trigger a hard inquiry and affect your scores in the short term. If you go through with that application and close your old account at the same time, that effect could be considerable.
Lenders like to see that you can handle a mix of revolving credit (like a credit card) and installment credit (like a loan with a fixed payment every month).
If you’re thinking of closing your only credit card and not opening another, you could end up removing revolving credit from your reports entirely. In that case, lenders won’t be able to assess the variety of credit you use and might be less likely to work with you.Check your credit scores for free See My Scores Now
Even if closing a credit card won’t affect your lifestyle or credit profile too much, it still might be easier not to close the card. In fact, there are several alternatives that could end up being less risky.
● Put the card in a drawer. Maybe you’ve decided you just don’t like using credit cards. If that’s the case, consider keeping the card and putting it away instead of closing it. This course of action might seem obvious, but keeping the account open while removing the temptation to use the card could be a straightforward way to keep the card without harming your credit.
● how do i cancel my first premier bank credit card another way to handle mounting debt. If you’re trying to get routing number for bank of america in ny of credit card debt and don’t want to add new payments, you might be considering negotiating to close the card account with is costco open today july 4 issuer. But you might also be able to pay off your debt with a balance transfer credit card or personal loan. These options might offer a more manageable way of paying off your debt.
● Downgrade your card to avoid an annual fee. If you’re paying an annual fee on a card you don’t use, you could ask your credit card company if it can keep the account open while downgrading you to another card with no annual fee.
4. Cancel your card
If you’ve considered all your options and still want to go through with canceling a credit card, here’s how to do it.
● Pay off your remaining credit card balance. Think of canceling your card as a clean break. The last thing you want is to owe money on a credit card that you have to keep paying for after you close it.
● Cancel recurring payments. If you’ve set up any recurring payments for your bills, make sure to update your payment information.
● See if you need to redeem your rewards. Rewards sometimes expire after your card account is closed, so check your program’s terms to see if you need to use your rewards before canceling. If you’re having trouble getting out of debt and have rewards, you might be able to redeem them toward a statement credit to help you pay off your balance.
● Call your credit card issuer. You should be able to find the number for customer service on the back of your card. To start the process, tell them you’d like to cancel your credit card.
● Go to your credit card’s website. Alternatively, if you don’t want to speak with customer service over the phone, you might be able to cancel online after logging into your account.
● Follow up in writing. After you cancel, it’s good practice to send an email or write a letter to your credit card issuer to confirm your card has been canceled. That way, if there’s a mistake and you find out your card is still open, you can document the date you requested the cancellation.
● Double check your credit reports. If you don’t want to take your credit card issuer’s word for it, you can comb through your credit reports to make sure they reflect that your card has been closed.
● Cut it up. A simple but important step. Cutting up your credit card can help make sure no one tries to use it after it’s been closed.
About the author: Tim Devaney is a personal finance writer and credit card expert at Credit Karma. He’s a longtime journalist who prides himself on being a good storyteller who can explain complex information in an easily digestible wa… Read more.
How to Cancel a First Premier Bank Card
The First Premier Bank credit card has a low credit limit, usually around $300.
Image Credit: kingvald/iStock/Getty Images
First Premier Bank offers its credit card to consumers with no, how do i cancel my first premier bank credit card or poor credit to help them fix their credit problems or build up a credit history. According to First Premier Bank, because it is for high-risk customers, the First Premier Bank credit card has higher annual percentage rates and fees. If you decide the card is not right for your needs, you can cancel it at any time.
Contact Customer Service
First Premier Bank lets you cancel your credit card at any time with no cancellation fee by calling its customer service line at 1-800-987-5521. You can also write a letter asking to cancel. If you paid the processing fee, which was $95 as of 2015, First Premier Bank will refund that amount south carolina secretary of state business search registered agent you cancel within 30 days of receiving the cardholder contract. Depending on the customer, First Premier Bank sometimes charges other setup fees when you open the card that it will also refund when you cancel. You can receive a partial refund of the processing fee if you inform First Premier Bank of your cancellation within 85 days of approval.
If you haven't used the card yet or paid a monthly fee, you are not responsible for any charges. If you did use the card, you must pay for your charges as well as monthly fees outstanding at the point you cancel. When you call to cancel, the customer service rep may offer to lower your monthly or annual fees, or offer you modified annual percentage rate how do i cancel my first premier bank credit card get you to keep the card.
First Premier Bank offers personal and commercial financial services and financial investments services in the state of South Dakota. They also offer a variety of national credit cards customer made for credit management and credit protection.Check your credit with Identity IQ
Customers of First Premier Bank who have applied for one of their credit cards can also enjoy the benefits of subscribing to an online credit card account. Whether you have to make a payment or set a balance alert, it can all be done from the comfort of your own home. To learn how to enroll for First Premier Bank’s online account, log in or renew your password, this guideline can help you every step of the way.
HOW TO LOGIN
Step 1– Open your preferred web browser and enter https://www.mypremiercreditcard.com
Step 2– In the sign in box to the right, enter your username and password and click Continue.If you have entered correctly your login credentials, the website of First Premier Bank will allow you to enter your online account’s dashboard.
If you have forgotten your password or your username, no worries! This is what you need to do to either reset your password or retrieve your username.
Step 1- In the same login box, select the link according to the information you wish to retrieve. Either click Forgot username? or Forgot password?Step 2- To renew your password, complete the information requested, including your credit card number, social security number and zip code. Click Continue.
After your identity has been verified, you should be allowed to renew your password to your liking.
HOW TO ENROLL
To learn how to enroll, start as you would the other two processes and open the pop-up box:
Step 1- In the main tabs of the website, select the first one that reads Enroll.Step 2- Enter your credit card number and your social security number. Click Continue.
Follow the three additional steps required to complete your enrollment to First Premier Bank, which should include security questions, selection of your username and password and confirmation of your account’s creation.
Login Instructions for Other Credit Card Companies (See all)
Check & protect your credit with Identity IQ.
Monitor your credit score without hard inquiries!
How to Activate Your First Premier Bank Credit Card?
From its name, this is a product of the First Premier Bank, one of the biggest banks in the US. If you are always in need of cash to pay for your daily activities, this is the card for you. It is one of the few cards that provides low APR fees, hot deals, and cash back rewards.
First Premier Bank Credit Card Login
If you don’t have an online account on mypremiercreditcard.com, you should think of enrolling. On the homepage, there is an “Enroll” tab at the very top. Click on it and enter your social security number and account number.
Enter the passcode, re-enter your chosen password, and choose between a public or private computer. After clicking “Continue” you should be able to get access to your account.
The login process is very easy. On the homepage, you will enter your username and password. Click “Sign In”. It is possible that you have forgotten your password or username. You can retrieve these two by clicking on “Forgot Username/Password”.
Activate First Premier Card Online
To register and activate the card online, you need to go through the following steps:
1. Visit the mypremiercreditcard.com website and log into the account you have just created above. You then start the process of registering and activating the card.
2. You will need to enter information such as your social security number and credit card account number. Look for the “Continue” tab and click on it.
3. That should take you to a new page where you will be required to create another Nickname and Password. Part of the information you will be required to enter includes a routing number, home address and so on.
With these simple steps, you will have your card registered and activated in no time. What remains is for you to start using your card to make payments. You can use your online account to check the account balance, pay bills, and create online statements.
Related:Things To Know Before Getting a Credit Card With Bad Credit.
Activate First Premier Card by Phone
It is also possible how do i cancel my first premier bank credit card you to activate the card by calling the customer service desk on 1-800-987-5521. Since you will be asked to provide certain details, ensure you have the card in your hands while making the call.
Automated System is available 24/7:
- Make a payment (option 2)
- Check balance & available credit (option 1, enter account information)
- Request a PIN (option 1, enter account information, option 4)
- Report a lost or stolen card (option 6)
First Premier Bank Card App Benefits
Instead of going through tedious activation processes, why don’t you install the First Premier Bank Appon your phone? It is an easy and convenient way of registering and activating your card. Here are some of the benefits of the app:
- Real-time alerts through phone notifications.
- Ability to change your PIN.
- Ability to transact internationally.
- Easy and convenient way to check your balance.
- Easy to view all your recent transactions.
- Conveniently set up purchase limits.
Depending on the type of phone you have, the mobile app is available on the Google Play Store and iTunes.
If you have trouble activating your card, you can call First Premier Bank on 1-800-987-5521. The bank will be able to help you.
First PREMIER Bank Mastercard Review
The First PREMIER Bank Gold Mastercard is no longer available. The information contained in this article is accurate as of February 2021.
The First PREMIER Bank Mastercard is aimed at people looking to build or rebuild their credit score. Unfortunately, we can’t recommend this card as a first-choice credit repair option due to the number of fees it has.
If you want to use credit cards to help build your credit, there are better options. Learn how credit scores work, and then consider applying for a secured card. While secured cards usually require a refundable deposit, they’re still generally cheaper than this card from First PREMIER Bank. Remember, the more money left in your pocket at the end of the month, the more money you’ll have to get ahead financially and lift up your credit score.
New York and Wisconsin residents are not eligible for this card.
Accessible for applicants with poor credit
Free FICO credit score
High set-up, annual, and monthly fees
High interest rate
High credit limit increase fee
- Accessible for applicants with poor credit: First PREMIER Bank will approve even those with bad credit. Even so, you have many other options for rebuilding credit.
- High set-up, annual, and monthly fees: It’s not uncommon for credit cards to charge annual fees. What is uncommon is for a credit card to charge monthly fees as well. You’ll also have to pay a one-time “program fee” in addition to the usual suite of fees other credit cards charge.
- High how do i cancel my first premier bank credit card rate: This card charges about double the average credit card APR. It’s on the high end, even for credit cards marketed towards people with bad credit.
- High credit limit increase fee: One of the ways to boost your credit score is by getting a higher credit limit. If you’ve demonstrated responsible payment behavior, most issuers will do this for free. In contrast, with First PREMIER Bank, you’ll pay a fee of 25% of the credit limit increase. For example, if your credit limit increases by $200, you’ll pay a $50 fee.
How to Get the Most Out of This Card
We do not recommend using this card because of how do i cancel my first premier bank credit card numerous, expensive fees. However, if you still plan to get it or already have it, the best way to use it is to pay off your balance every week. Doing so keeps your restrictive credit limit open for purchases, ensures you don’t pay late, and keeps your balance low. These three factors can help increase your credit score over time.
First PREMIER Bank Mastercard’s Other Features
- Credit protection: If you lose your job involuntarily, are hospitalized, go on unpaid family leave, or become disabled, this program may cover your minimum payments for a certain period of how do i cancel my first premier bank credit card. It’s not free, however; you’ll have to opt into this service, and it’ll cost you $0.89 for every $100 of your outstanding balance covered per month. For example, if you have an outstanding balance of $200, it’ll cost you an additional $1.78 for that month.
First PREMIER Bank provides cardholders with phone support from Monday to Saturday, as well as 24/7 automated phone support and online access.
You can expect standard security features with the First PREMIER Bank Mastercard. It does offer two notable security and credit monitoring features:
- Mastercard ID Theft Protection: You can register for free credit monitoring services through this program. If pokemon go game play free online ever are the victim of identity theft or if you even lose your wallet, you can get help in setting things right again with assistance from resolution specialists.
- Single bureau credit monitoring: Mastercard will monitor your TransUnion credit file for unusual activity or changes that may indicate fraud.
First PREMIER Bank Mastercard’s Fees to Watch out For
The First PREMIER Bank Mastercard hits cardholders with a lot of fees from sign up to statement copy. These fees are especially outsized considering the low value that this card delivers.
- Program fee: $55–$95, depending on creditworthiness and charged once to open the card
- Ongoing annual fee: $75–$125 during the first year, and $45-$49 thereafter
- Monthly fee: $0–$8 per month for the first year; up to $10.40 per month thereafter
- Authorized user fee: $29 per year
- Credit limit increase fee: 25% of the amount of the increase
First Premier Bank Platinum Credit Card Offer
- Apply for the First Premier Bank Platinum Credit Card
- PlatinumOffer.com requires the confirmation number
- The Platinum credit card is designed for those with less than perfect credit
The First Premier Bank Platinum Credit Card is open to legal residents of the United States who are 18 years of age or older and have a steady income (a great credit score is not required).
In order to apply with the confirmation number simply visit platinumoffer.com pre approved conformation number. The application will take about 5 minutes to complete and those with the confirmation are extremely likely to be approved as they have been pre-screened.
PlatinumOffer.com Pre Approved Confirmation Number Highlights
- A solid credit card for those looking to rebuild their credit with on time credit card payments
- Cards are issued by First PREMIER Bank who are Proud Member FDIC
- Consumers with a good credit score will want to look elsewhere (GetMyOffer.CapitalOne)
- Those who do not have a Platinum Offer Conformation Number can still apply but are not as likely to be approved as they have not been pre-screened
To apply without a confirmation number please platinumoffer.net and provide the applicants first and last name, street address, and last 4 digits of their SSN.
Any and all questions in regards to the Platinum First Premier Bank Credit Card offer can be directed to First PREMIER Bank, P.O. Box 5524, Sioux Falls, SD 57117-5524 or dial toll free 800-987-5521.
PlatinumOffer.com Online Reviews
“First Premiere took a chance on me when no one else would, and that says a lot! I have no clue what people are complaining for, the APR and fees are in the contract you sign and approve, if u don’t like it, then don’t sign the papers! This company isn’t doing anything other how do i cancel my first premier bank credit card don’t do….I know Amex has a HUGE yearly fee for a lot of their cards. I will gladly pay my yearly fee to help build my credit and to show that First Premiere made a good decision in trusting me. I am grateful for the opportunity, my score has went up tremendously since approved…I went from an 425 up to 568 in a matter of 2 months time….I now has 2 other cards as well and was just approved for another unsecured card. I try to keep my utilization low and make more than minimum payment. I am on my way to building a better financial future, and couldn’t have done that without First Premiere giving me a chance. I can say that I have seen people say the give CL increases within first 2-3 months, but Everytime I have requested one I have been denied. Although, it doesn’t bother me…they started me out on a pretty fair $400 limit. Thank you First Premiere. I will continue to use them for many years to come.”
“Do not get this card… i have 2 u will never pay it off i added my monthly fee of 14.50 a month plus 47 annual fee. God forbid if u spend anything interest is extremely high. so u paying them 227 a year to just have the card ive seen credit cards and this is beyond the most bogus card n history just throw your money away don’t get this card”
The Platinum First Premier Bank Credit Card received good and bad reviews. Most of the bad reviews are due to high fees BUT this is to be expected for those with a bad credit score. Bottom line: this is a decent card for those looking to rebuild their credit score, are willing to make on time payments, and are having trouble getting approved for a more traditional credit card.
- PlatinumOffer.com Pre Approved Confirmation Number
Is First Premier a good credit card?
The cards available to those with poor credit tend to have higher rates and fees, so you'll want to do your research before signing on any dotted lines. The First Premier Bank Mastercard is a perfect example. It's an unsecured card that offers approval to a wider range of credit profiles than many other credit cards.
How do I check the status of my First Premier credit card?
If you want to check the First Premier Credit Card Application Status call on 800-987-5521.
How do I pay my first premier bank processing fee?
Though First Premier Bank requires a checking account to qualify for their credit cards, there are multiple ways to pay the processing fee. Payment options include a bank draft, personal check, money order, debit card, or another credit card. First Premier will not open an account until it receives the processing fee.
Where can I pay my first Premier card?
If your bank offers the BillPay service, send your payment to First Premier Bank (as the payee) at PO Box 5529Sioux FallsSD57117-5529 by entering your 16-digit credit card number in the account number field.
Is First Premier Bank Platinum Mastercard good?
I love the fact that the First PREMIER Bank Platinum Credit Card is an how do i cancel my first premier bank credit card card for bad credit. The con of this card is the first annual fee, one time fee, and APR. . There is also another good thing about this card, the monthly fees are
About the author
Quentin Fottrell is personal-finance editor and The Moneyist columnist. You can follow him on Twitter @quantanamo.