First PREMIER Bank Classic Credit Card can help people with a bad credit score to rebuild credit. First PREMIER Bank was originally founded in 1914. Over the past several decades, the company has focused on helping people with less than ideal credit to have the benefits of a credit card. Knowing about the costs and fees associated with the First PREMIER Bank Classic Credit Card can help consumers to make cost-efficient credit card decisions.
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According to the First PREMIER Bank website, cardholders pay an annual percentage rate (APR) of 49.9% on purchases and cash advances. To avoid paying interest charges, holders of the First PREMIER Bank Classic Credit Card should plan to pay the monthly balance by the due date. The bill’s due date is 27 days after the close of each billing cycle.
Then learn more about why some consumers use First PREMIER Classic Credit Card to rebuild their credit.
First PREMIER Bank Classic Credit Card Fees
Rebuilding credit with the First PREMIER Bank Classic Credit Card requires financial discipline and the ability to pay higher than average card fees, including:
- $75 first year set up fee
- $45 annual fee in second year
- Monthly servicing fee (applies to cardholders after the first 12 months, at $78 a year)
- $29 additional card fee (if a second card is requested)
First PREMIER Bank Classic Credit Card Penalties
A late payment costs the cardholder a $35.00 penalty fee. For that reason, cardholders of the First PREMIER Bank Classic Credit Card should pay card balances on time. To ensure timely payments, cardholders may make payments by phone or online with a debit card.
First PREMIER Bank Classic Credit Card Miscellaneous Charges
If First PREMIER Bank (or an affiliate) contacts the card holder’s mobile phone (or texts the cardholder) and costs apply to the contact, the cardholder must agree to pay the charges related to these communications.
First PREMIER Bank Classic Credit Card Financial Information
Helping consumers to rebuild their credit is good business. According to Dun & Bradstreet, First PREMIER Bank’s ultimate parent is United National Corporation, located at 601 South Minnesota Avenue, Sioux Falls, SD 57104-4824. Contact corporate headquarters at +1-605-357-3001. The company reported annual sales of about $72.72 million and net income of about $10.5 million for fiscal year 2010. The company employs about 200 people in all locations.
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