The fees for credit cards are something you should know before you apply. These fees are based on the credit limit you choose. Typically, you can choose between $300 and $700. Also, be aware of the interest rates. The grace period may also be of interest to you.
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. To pre-qualify, you must provide the issuer with your full name, current address, and last four digits of your social security number. A link is provided on the website of the issuer to help you search for a prequalification opportunity. You must apply to the bank after you receive a prequalification offer. It is quick and simple, and can be completed in less than 60 seconds.
Pre-qualification will help you ensure you are approved for credit cards if you are interested. Pre-approval signifies that the creditor has reviewed your financial and credit records and granted you approval to apply for a creditcard. 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 be anywhere from $120 to $174. You'll also be subject to 3 percent foreign transaction fees and late payment fees. Additional $29 per month will be charged if your card has an authorized user. If you need to raise your credit limit after 13 months, you'll pay a fee equal to 25 percent of your new limit.
First Premier Bank in South Dakota is a community bank that offers both personal and commercial banking products. It is the thirteenth largest US credit card issuer of MasterCard brands. However, there are a number of other banks that offer a lower credit card deal. 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 rates can be higher than most other cards. These credit cards charge an average of 36% annual percentage rate (APR) - the highest rate a legitimate lender can charge. This is a decrease from the previous rates of 79.9% on purchases and 59.9% on cash advances. The company doesn't offer an APR introductory on new purchases or balance transfer, which is a common feature among many credit cards companies.
First Premier Bank is based out of South Dakota. They have been around for over ninety 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 collects payment information from the three credit agencies and charges a foreign transaction fee of 3%. 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. You can avoid paying interest or other fees and keep your credit score high during this grace period.
The credit card's monthly fee is 36%. This is more than double the national norm. An additional set-up fee up to 95 Dollars will apply. A late payment of the minimum balance in eighty-five calendar days could result in your credit card application being denied.