Our Last Thoughts On First Premier Credit Card
In a nutshell, First Premier Mastercard Credit Card isnt the best option for rebuilding credit. The high fees and interest on the card can prove costly for you. Moreover, the card offers vary little payoff. So, before you apply for this credit card, search the market for better alternatives. You should only get it when you cant qualify for a better credit card.
How To Cancel A First Premier Bank Card
First Premier Bank offers its credit card to consumers with no, little or poor credit to help them fix their credit problems or build up a credit history. According to First Premier Bank, because it is for high-risk customers, the First Premier Bank credit card has higher annual percentage rates and fees. If you decide the card is not right for your needs, you can cancel it at any time.
First Premier Credit Card Login
If you already have this credit card, you can manage or pay it online anytime. But in order to do that, you should complete a simple login process each time you will want to do that. In this part of our page, we will demonstrate you how to sign in to your First Premier card account online step by step.
- At first, you should open the website of this credit card by clicking on the following button:
- On that page, you will get to see the First Premier credit card login form at the top thats the place where you can sign in to your card account.
- First of all, you have to enter your username in the first field there.
- Next, you have to type your password in the next field.
- Once you are done with it, you can complete the login process by clicking on the Sign In button.
- If you have done everything right, you will access your card account online in the next moment.
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How Do I Pay My First Premier Bank Account
To begin using Bill Pay, log into Online Banking or Mobile Banking and click the Bill Payment menu. You can quickly and easily set up new payees and begin making payments. Why are some bill payments sent by paper check? Some individuals or companies cant accept electronic payments, so we mail them a check.
Who Is This Card Best For
This card should really be a last resort for someone who has truly poor credit and can’t get a credit card anywhere else. It’s also an option if you have bad credit but don’t have the cash to come up with the deposit for a secured credit card.
On the other hand, there are several secured credit cards that don’t require a big up-front security deposit. In addition, you get your deposit back when you close your account, which is not the case with the “program fee” and other fees you’ll pay when opening the First Premier card.
However, if a secured card isn’t an option and you want a credit card for rebuilding your credit, you could use the First Premier card as a stepping stone to a more affordable card. If you go this route, however, it’s important to avoid carrying a balance and possibly racking up a lot of interest.
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Read More Citi Premier Card Faqs
How do I apply for the Citi Premier® Card?
The application process for the Citi Premier® Card is easy and straightforward.
Is the Citi Premier® Card a Mastercard® or Visa® Credit Card?
The Citi Premier® Card is a Mastercard®. Learn more about the
What credit score is needed to be approved for the Citi Premier® Card?
There are many factors that Citi uses to determine creditworthiness, including your credit score. You can always visit Citi’s Credit Card homepage and navigate to the pre-qualify section to see which type of Citi card you may be pre-qualified for without affecting your credit score.
Is there an annual fee for the Citi Premier® Card?
The Citi Premier® Card has a $95 annual fee1.
The Citi Premier® Card provides other benefits such as no foreign transaction fees1, no limit to the amount of points earned, no expiration on points earned, free access to view your FICO Score, and more. You can also redeem your points for great rewards with the Citi ThankYou® Rewards program.
Can I upgrade from the Citi Premier® Card to the Citi Prestige® Card?
To see if you are eligible to upgrade your Citi Premier® Card to the Citi Prestige® Card, please call the number on the back of your Citi Premier® card.
Keep Credit Utilization Low
Another factor to consider is credit utilization, you really want to keep this under 3% of total credit if you can but try to never get it over 15%.
For example, if your First Premier® secured credit card has a $3500 limit and you spend $60.
Spending $60 on a $300 card limit means you are utilizing is around 20% of your credit on that card and it is above the recommend credit utilization percentage, so be mindful of how much you spend.
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Should You Get A First Premier Credit Card
We dont recommend a First Premier Mastercard Bank Credit Card to you even if youve got poor credit. There are four reasons for that. First is that the card is very expensive. The processing fees could be from $25 to $95. The annual fee charge could be $75 to $125 for the initial year and then $45-$49 each year. Most of the other credit cards neither charge a processing fee nor an annual fee. This means that First Premier Mastercard Bank Credit Card is expensive compared to other credit cards.
The second reason is that this card offers very little payoff. The credit limit could be from $300 to $1000, depending on your creditworthiness. But, you wont have the entire amount at your disposal. Given the high fees of the First Premier Mastercard Bank Credit Card, you may end with very little spending power.
The third reason is that the 36% APR of First Premier Credit Card is very high. If you carry a balance on your card, youll end up paying handsomely in interest. Moreover, your borrower power will keep decreasing as you continue carrying a balance on the credit card because of the monthly payments, annual fee, and high-interest rate.
First Premier Bank Credit Card Overview
The First Premier Bank Credit Card is designed for consumers with low credit scores who may not be approved for most other unsecured credit cards. You shouldnt plan to use this card long term. Instead, this is a card to use for a short time to build your credit before moving on to a more traditional credit card that offers rewards, lower fees, a higher credit limit and lower interest rates. Card rating*: ½
*Card Rating is based on the opinion of TPGs editors and is not influenced by the card issuer.
This page includes information about the Discover it Secured that is not currently available on The Points Guy and may be out of date.
If you have limited credit or are working to repair your credit, you may not have many appealing options when it comes to credit cards. Most rewards credit cards will want to see a higher credit score and stronger credit history before extending credit. So, if you have bad or poor credit, you may need to temporarily rely on a secured credit card or an unsecured credit card with high fees while you work to improve your credit score.
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First Premier Bank Credit Card Reviews
As you might expect, the First Premier card doesn’t get rave reviews. The majority of reviewers give this card low marks for its high APR and excessive fees.
However, some reviewers say First Premier gave them a chance when other credit card lenders turned them down. For example, several reviewers said the First Premier Bank Mastercard helped them rebuild their credit, with one reviewer crediting the card with helping them raise their credit score after a bankruptcy.
It’s worth noting that the majority of positive reviewers said they were aware of the card’s high fees and before they signed up. To avoid any unpleasant surprises, it’s always a good idea to thoroughly review a card’s user agreement before you apply.
Premier Banking Borrowing Investing And Much More
- Choice of either HSBC Premier Rewards Program or HSBC Premier Cash Back Rewards Program
- 17 day Travel & Medical insurance included
- Travel benefits such as unlimited Wi-Fi through Boingo and 10% discount on select hotel bookings
Annual interest rate of 19.9% for Purchases and fees 22.9% for Cash Advances, Balance Transfers, Cheques
- $149 annual fee. HSBC Premier customers receive a $50 annual fee rebate and $0 for Authorized Users
- No foreign transaction fees. Only the exchange rate will apply
- $100 annual travel enhancement credit
- 31 day Travel & Medical Insurance included
- Rewards program with accelerated earnings on travel purchases
Annual interest rate of 19.9% for Purchases and fees 22.9% for Cash Advances, Balance Transfers, Cheques
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How To Use This Card
The First Premier Bank Credit Card is unsecured, so youll be assigned a credit limit by the issuer if youre approved. This credit limit will be $300, $400, $500, $600, $700 or $1,000, depending on your creditworthiness. However, your annual fee will be deducted from this credit limit, so your initial available credit will be your credit limit minus your annual fee.
Your primary goal while using this card should be to improve your credit score so you can get approved for a credit card with rewards, lower fees and a higher credit line. Many different components go into calculating your credit score, but FICO one of the primary formulas used to calculated credit scores states that 35% of your score is based on your payment history and 30% of your score is based on your credit utilization ratio.
What Should I Do If My Debit Card Is Lost Or Stolen
You can temporarily suspend and then reactivate or permanently deactivate your active First PREMIER Bank Debit Mastercard® within the Online Banking system or Mobile Banking app. Go to the Menu, choose “Services” and click on “Card Services.” You can also call our Customer Care Center 800-501-6535. To report your card lost or stolen after normal business hours, please call 888-297-3416.
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What Should I Know Before I Apply
To apply for the First PREMIER® Bank Credit Card, youll need at least $245 to cover the deposit and fees. First PREMIER® Bank Credit Card determines your credit limit based on your credit score.
You also must:
- Be at least 18 years old, or 21 if youre a permanent resident of Puerto Rico.
- Live in any US state except for New York or Wisconsin.
When you apply, youll need to provide the following information:
- Your full name, address, phone number and email address
- How long youve lived at your current home
- Your Social Security number
- Whether or not you have a checking or savings account
First Premier Bank Gold Mastercard
|Up-to $125 first year, $49 annually.|
The First PREMIER Bank Mastercard is aimed at people looking to build or rebuild their credit score. Unfortunately, we cant recommend this card as a first-choice credit repair option due to the number of fees it has.
If you want to use credit cards to help build your credit, there are better options. Learn how credit scores work, and then consider applying for a secured card. While secured cards usually require a refundable deposit, theyre still generally cheaper than this card from First PREMIER Bank. Remember, the more money left in your pocket at the end of the month, the more money youll have to get ahead financially and lift up your credit score.
New York and Wisconsin residents are not eligible for this card.
Accessible for applicants with poor credit
Free FICO credit score
High set-up, annual, and monthly fees
High interest rate
High credit limit increase fee
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Best Cards To Pair The First Premier Credit Card With
If youre trying to improve your credit, its a good idea to have more than one well-managed credit card as it can help to build your credit faster.
You may want to pair your First Premier card with a secured credit card, like the OpenSky Secured card mentioned above. The APR and annual fee are competitive and the deposit is refundable so it may help you keep costs down. Browse the rates and terms of the best secured cards on the market to see if one may be the right fit for you.
Once you begin to build your credit, you will qualify for more cards with better rates, terms and perks. Look for cards that offer rewards so you can earn money as you use the card versus paying to have it. For example, the Capital One® QuicksilverOne® Cash Rewards Credit Card approves users with less-than-perfect credit and offers unlimited 1.5 percent back on all purchases at an annual fee of $39.
Compare Cards For Building Credit
If the First PREMIER® Bank Credit Card seems expensive for your financial situation, compare other credit-building cards.
A secured credit card could be a cheaper option.
Most secured credit cards require you to deposit a certain amount, often starting from $300, which acts as your credit line.
If you can cover the initial cost, you could save more money in the long run and build your credit at the same time.
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Stacking Up The Citi Premier Card Against Our Benchmark
CNN Underscored has chosen the Citi Double Cash Card as our benchmark credit card. That doesnt mean its the best credit card on the market rather, it means we use it as a basic standard to compare other credit cards and see where they score better, and where theyre worse.
Heres how the Citi Premier scores against our benchmark. The features of each card in the below chart are colored in green, red or white. Green indicates a card feature that is better than our benchmark. Red indicates the feature is worse than our benchmark, and white indicates the feature is either equivalent or cannot be directly compared to our benchmark.
|* Based on point valuations calculated by frequent flyer website The Points Guy.|
When reviewing other credit cards, we use this format and these criteria to compare them with our benchmark. You can read our for more details on what we take into account when it comes to perks, protections and redemption value.
What’s The Fastest Way To Make A Loan Payment Or Get My Loan Payoff Balance
You can make a loan payment by logging into Online or Mobile Banking and transferring payment from a First PREMIER account to your loan. You can also call Customer Care at 800-501-6535 during normal business hours. Paying off your loan is as simple as issuing a payment equivalent to the loan payoff amount. To ensure your final payment amount is accurate, please contact Customer Care during normal business hours for an accurate loan payoff amount.
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% Discount On Uber Rides
Your payment will be reflected in your credit card account within 2 working days.
PAY BY CHEQUE
Cheque payments can be made at the service desk, Sat to Thurs from 8am to 5pm, located at First Abu Dhabi Bank, Mirdif Branch , Dubai.
You can mail your cheque to Dubai First, PO Box 111656, Dubai, UAE. The cheque should be drawn in favour of Dubai First with the card number mentioned on the reverse.
*It takes 7 working days to process the payment after we receive the cheque.
DISCONTINUED PAYMENT OPTIONS
Discontinued options effective 1st December 2019:
- Payments through Emirates NBD channels including CDMs, BankNet, Mobile app and bank fund transfer.
- Webpay – online payment service
- SWIFT transfer to Dubai First account with EmiratesNBD
- Standing instructions set prior to December 2019
What is the cashback program?
The cashback program is type of reward points based on a percentage of purchases made with your credit card. Your Cashback Card offers cash back at a value of
5% on online purchases
This includes travel bookings, school fees, fashion, electronics and other services and products you buy online.*
5% on supermarket spending
This includes store and online purchases at supermarkets and groceries.
1% on all other shopping
In the UAE and abroad
How do I earn cashback?
You can earn cashback rewards by using your credit card to make purchases. You can view your earned rate and amount of cashback on the Dubai First mobile app.
How can I redeem my cashback rewards?
Does First Premier Increase Credit
First Premier cardholders may be eligible for a credit limit increase once their credit card account has been open for 13 months. But, each time your account is approved for a credit limit increase, youll need to pay a fee of 25% of the amount of the credit limit increase.
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