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Credit Card Reviews » MasterCard®/Visa |
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In-Depth Credit Card Review: |
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MasterCard®/Visa from First PREMIER is an excellent bank product for someone who has bad credit standing but is in great need of a plastic. This offer is a unique instant approval deal for consumers with low FICO score.
First PREMIER is well-known for its deals for clients with bad and no FICO score:
• You can be approved for MasterCard®/Visa even if your FICO score is extremely low.
• No checking account is required.
• You do not need to have a co-signer.
• Your account does not have to be secured in any way.
MasterCard®/Visa is an excellent way to improve or start building your payment history. First PREMIER will regularly report your payment information to all 4 major credit bureaus. If you make your payments on time your FICO score will increase.
The minimum limit is $250. If you do not have any problems paying off your balance you will be able to request a credit limit increase. This will also positively affect your credit rating.
This deal includes fixed low Annual Percentage Rate for Purchases – 9.9%. This is an outstanding APR for an unsecured bad credit card.
If you are able to pay off your previous balance in full on time (on or before the due date that is shown on your previous bank statement) First PREMIER will grant you a grace period on purchases of as many as 25 days (from the closing date to the payment due date). Thus the card owner can avoid fees on current purchases by paying off the statement balance in full and on time.
The application process is easy and convenient. Just fill out the online form and wait for the decision. You will know it in less than a minute! The approval rate is quite high. This is very important if there is an emergency and you have to know for sure whether you are approved or not. You will simply have to wait for the plastic to be issued and you will be able to use it for any kind of transactions.
MasterCard®/Visa can be used for cash advances, balance transfers and any other forms of transaction.
This plastic is perfect for anyone with bad payment history. It allows you to reach the main goals – to get a bank deal with low APR on purchases and to start improving your 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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$48 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% of each cash advance; $5 minimum. |
| Balance Transfer Fee: n/a |
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| Type of Reward: None |
| Additional Nones: None |
| Expiration: None |
| Yearly Limit: None |
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| Additional Features for 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 MasterCard®/Visa: |
See website for complete terms and conditions of card usage and application disclosure.
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| Home » Apply for a Credit Card » Credit Card Issuers » First PREMIER Bank |
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| Notes: The review on 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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