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First PREMIER Bank »
Credit Card Reviews » Centennial Classic MasterCard®/Visa |
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In-Depth Credit Card Review: |
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First PREMIER Bank Centennial Classic MasterCard®/Visa offers a most suitable unsecured credit card deal for people with no payment history who are looking to start their file and build a solid payment history. Traditionally, all unsecured consumer bank offers for no or bad credit rating charged their holders hefty fees and sky-high rates to compensate for the high borrowing risk. This bank offer from First PREMIER Bank has made things smoother for customers seeking adequate loan on favorable terms and has given them a chance of building a good and strong payment record.
How does First PREMIER Bank Centennial Classic MasterCard®/Visa help its customers establish a payment history and build FICO score, and what are its advantages in no credit rating situation? First, the plastic card provides an easy, quick and secure online application process. An applicant needn't be afraid of submitting the form with his/her personal and financial data online as the site of the bank enables encrypted transmission of one's sensitive data through the Internet.
Then, applying for First PREMIER Bank Centennial Classic MasterCard®/Visa, you are eligible to know the decision of the bank instantly. Now, you do not have to wait hours or days to know your application status – just submit the application form and find if you are lucky. The instant decision feature might be a significant factor in a customer's determination to apply online.
As to the rates, fees, costs and limitations of the Centennial Classic MasterCard®/Visa from First PREMIER Bank, they can never be more advantageous for no and bad rating customers. Low APR on purchases and no annual fee for the first year of the card use make this bank card deal most enticing and really beneficial in point of saving.
As this particular offer is designed for no or bad payment rating, no reward programs are provided. However, the low interest rate on purchases and the grace period of 25 days can compensate for the lack of rewards just perfectly well if you make a wise use of them.
How should a customer use his/her Centennial Classic MasterCard®/Visa to make a success in payment history building? It is critical to pay your monthly balance in full and on time in order to preserve the low interest and avoid additional penalty fees. Your responsibility and discipline will be reflected in all the 4 credit reporting agencies monthly which cannot but contribute to the building of good and strong payment history and high FICO score.
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| (Review Updated: March 04, 2008) |
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n/a Intro APR (* see notes for details)
9.9% Regular Fixed APR for Purchases
19.9% Regular Fixed APR for Cash Advances |
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First year fee-free, then $49 Annual Fee
25 days Grace Period |
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| Finance Configuration: Average Daily Balance (including new purchases) |
| Additional Cardholders: |
| Late Payment Fee: $29 |
| Over-The-Limit Fee: $29 |
| Cash Advance Fee: 3% for each cash advance, with a minimum of $5 and no maximum. |
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| Type of Reward: None |
| Additional Nones: None |
| Expiration: None |
| Yearly Limit: None |
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| Additional Features for Centennial Classic MasterCard®/Visa: |
Various Internet account related services.
Online statements and management reports.
Discounts on products and services at participating merchants and retailers.
See website for additional benefits. |
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| Important Notes for Centennial Classic MasterCard®/Visa: |
See website for complete terms and conditions of card usage and application disclosure.
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| Notes: The review on Centennial Classic MasterCard®/Visa was updated on March 04, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update.
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