The First PREMIER Bank Secured Credit Card is a great option for building or rebuilding their credit. This secured credit card offers competitive rates, low fees, and the opportunity to qualify for an upgrade to an unsecured card within 12 months. With no annual fee and a relatively low deposit requirement of $200 - $1,000 upon activation, this card is perfect for those just starting with credit cards. Read on to learn more about the features and benefits of the First PREMIER Bank Secured Credit Card.
The First PREMIER Bank Secured Credit Card is a secured credit card that allows you to build or rebuild your credit. With this card, you'll get access to all the features of a standard credit card, including fraud protection and 24/7 customer service. It also offers competitive rates and rewards, making it an attractive option for those rebuilding their credit score.
To qualify for the First PREMIER Bank Secured Credit Card, you must be at least 18 years of age and a U.S. resident. You'll also need to provide proof of your income and residence and a valid Social Security Number. Finally, when you open your account, you'll need to make a security deposit of $200 - $1,000.
The biggest benefit of using the First PREMIER Bank Secured Credit Card is that it allows you to establish or re-establish a credit history. With the card, your payments are reported to all three major credit bureaus (Equifax, Experian, and TransUnion), so your payment history can be tracked and used to boost your credit score. It offers fraud protection, 24/7 customer service, and competitive rates and rewards.
The First PREMIER Bank Secured Credit Card comes with an annual percentage rate (APR) of 14.99%–25.24%, depending on your creditworthiness. There's also a $35 annual fee and other fees such as cash advance fees and late payment fees. Although these rates and fees may seem high, they're in line with other secured credit cards.
The First PREMIER Bank Secured Credit Card offers a rewards program that allows you to earn points for every dollar you spend. Each point can be redeemed for cash back, gift cards, merchandise, and travel rewards. You also get an additional 5% cash back on purchases from participating merchants. The points earned can be used toward future purchases or to pay your balance faster.
The First PREMIER Bank Secured Credit Card has several security features that help protect your card from unauthorized use and fraud. These include chip technology, which helps keep your personal information secure when making purchases, and fraud protection, which helps monitor your accounts for suspicious activity. The card also comes with free access to ID Theft Resolution Services, which assists in the event of identity theft.
The First PREMIER Bank Secured Credit Card offers 24/7 customer service via phone and email. With this service, you can get help with any problems or questions regarding your account. You can also use their online services to manage your account and check your statement history. Their customer service team is available to help answer any additional questions you may have about the credit card or its rewards program.
The biggest drawback of the First PREMIER Bank Secured Credit Card is its high APR and fees. The annual fee can add up quickly, and the APR can make it difficult to pay off any balance you carry. Additionally, the rewards program may not be as generous as other secured credit cards. Finally, the lack of a mobile app can make managing your account frustrating. Thus, weighing the pros and cons before applying for this card is important.
The First PREMIER Bank Secured Credit Card allows consumers to establish or rebuild their credit history while providing fraud protection and competitive rewards. However, the high APR and fees may be prohibitive for some, as well as the need for a mobile app. Overall, if you're looking for a secure and flexible way to build your credit, the First PREMIER Bank Secured Credit Card may be a good fit.
