Aventium Classic Credit Card

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Aventium Classic Credit CardThe Aventium Classic Credit Card is a MasterCard issued by First PREMIER Bank. Like most other cards issued by First PREMIER, the Aventium Classic Credit Card is considered to be one of the partially secured credit cards. That is, if approved, cardholders pay a $75.00 deposit to obtain an initial $300.00 credit line.

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First PREMIER Bank has been around for almost a century. In the past 20 years, the company has focused on the so-called “sub-prime” borrower marketplace. First PREMIER Bank helps consumers with bad credit to rebuild credit. However, the costs of rebuilding credit have caused some people to refer to the Aventium Classic Credit Card as a “fee harvester” card.

Aventium Classic Credit Card and “Fee Harvester” Characteristics

People with good to excellent credit know that applying for a credit card doesn’t involve a fee. When a cardholder decides to apply for the Aventium Classic Credit Card, he will pay $75 annually to maintain the $300.00 credit line. In addition, the account will be assessed a processing fee of $95.00. Fees assessed to the card must be paid on time: First PREMIER Bank charges a 49.9% annual percentage rate (APR).

After paying the annual and processing fees on the account, the cardholder has low purchasing power. When the cardholder demonstrates a sound payment track record, First PREMIER Bank offers credit limit increases. As a partially secured card, the credit line increase costs about half of the credit line. For example, a $200 credit limit increases will cost $100.

Aventium Classic Credit Card Bill Cycle

Carrying the Aventium Classic Credit Card can certainly help some consumers to rebuild credit. Cardholders must understand the billing cycle and when their payments are due. To avoid accruing financial charges at an annual percentage rate of 49.9%, some cardholders simply repay First PREMIER Bank immediately after charging anything to the account.

Some cardholders simply decide to pay their Aventium Classic Credit Card on the same day each month. First PREMIER Bank offers the convenience of paying the credit card bill with a debit card.

Accessing an online statement will cost the consumer a small fee of $3.95 per occurrence. For that reason, most cardholders keep careful records of any charges and payments made to the account.

Aventium Classic Credit Card Basic Information

The new cardholder pays $75.00 to apply for the Aventium Classic Credit Card. First PREMIER Bank says that the available credit is $225.00. However, the cardholder must pay a $95.00 administrative fee to activate the account. Therefore, the available credit on the $300.00 credit line is about $130.00 at the outset.

That’s why smart consumers compare credit cards with our credit card chaser tool on this page!

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Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!

One Cardholder Review for the “Aventium Classic Credit Card”

  1. James L Hosenfeld says:
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    I first want to say that your information is very inaccurate. I have a Aventium Classic first premiere credit card and they have been so good to me. In my financial situation they not only voided late fees and yearly fees, they also waived other fees, But beyond the fees, it cost me $95.00 security deposit and $75.00 for the first year fee which was waived and this year it will be $45.00 per year. Not too bad for having bad credit and credit limit $300.00 and I’m able to increase credit line up to $5,000. As far as people complaining about paying there bill late, they offer a way of paying online ..So I am very pleased with this card. When other creditors were harrassing me after six months of non payment. This company gave me a second chance and so grateful for that.

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