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Credit Cards
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Last Updated: 05/14/2026

Not Currently Available

Premier Possibilities Mastercard

from First Premier Bank

Last Updated: 05/14/2026
Premier Possibilities Mastercard logo
Strongly recommended5 total votes
4 users recommend
1 users don't recommend

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Highlights

Community Rating

Strongly recommended

Purchase APR (Variable APR)

Starting at 36%(Verified 06/21/2024)

Balance Transfer APR (Variable APR)

N/A

Credit Score Range

300 - 700

Annual Fee

$150

Number of Reviews

5
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Premier Possibilities Mastercard Review

This card is no longer available.

Who is Premier Possibilities Mastercard Designed For?

The Premier Possibilities Mastercard is designed for people with bad or no credit who are interested in building their credit history and are willing to pay for the privilege. The high rates and outrageous fees will be a turn off for many consumers, but this is one of the few unsecured cards practically anybody can qualify for, regardless of their credit score. The Premier Possibilities Mastercard is issued by the First Premier Bank, which specializes in providing credit cards to consumers with bad credit.

What are the Rates for Premier Possibilities Mastercard?

- The Premier Possibilities Mastercard charges a flat 36% APR to all customers for purchases and cash advances, regardless of their credit rating. This gives you an idea of the bank's target audience. There is no option for balance transfers, not that there are many credit cards with higher rates.

What Are the Fees for Premier Possibilities Mastercard Credit Card?

- Premier Possibilities Mastercard has a $75 annual fee and a one-time $95 processing fee for new customers. There is also an additional monthly servicing fee of $6.25, which amounts to $75 a year that comes into effect during the second year. Cash advances have a 5% fee (minimum of $6) and there is a 3% foreign transaction fee. Late payments incur a $37 fee and returned payments come with a $35 fee. Additional credit cards require the payment of a $29 fee.
First Premier Bank also charges a credit limit increase fee when it approves a customer for a larger line of credit. This increase can occur as soon as the account has been opened for 13 months. The fee is charged automatically without the express authorization of the member. However, you can request a refund of the fee, if you apply within 30 days of the fee being charged. Of course, this will result in the credit limit increase being cancelled.

What Is Premier Possibilities Mastercard's Rewards Program Like?

The Premier Possibilities Mastercard doesn't have a rewards program. The only purpose of this card is to provide the convenience of a having a credit card and to help people build their credit history.

What about Premier Possibilities Mastercard's Signup Bonus?

Instead of providing a bonus, Premier Possibilities Mastercard charges a $95 processing fee to new customers.

Does Premier Possibilities Mastercard Have Any Other Benefits?

Not really. First Premier Bank promise to report the financial activity of customers to the three major credit bureaus, which can, over time, improve their credit score.

How Is Premier Possibilities Mastercard Better Than Other Credit Cards?

Premier Possibilities Mastercard has extremely flexible eligibility requirements, which makes it a useful tool for people trying to rebuild their credit. However, this comes at a price: $150 to $170 a year to be exact; plus the credit limit increase fee, which amounts to 25% of the credit limit increase.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Created by

Fact Checked by

created by author logoSuperMoney
fact checked by author logoAndrew Latham

Contact

Headquarters

601 S Minnesota Ave
Sioux Falls, SD 57104
(605) 357-3440
Visit Site
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Other Credit Cards from First Premier Bank

PREMIER Bankcard Secured Credit Card logo
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Purchase APR
19.9%
Disclaimer popup with additional information
Balance Transfer APR

N/A

Credit Score Range
Up to 500
Annual Fee
$50
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PREMIER Bankcard® Grey Credit Card logo
PREMIER Bankcard® Grey Credit Card
Rating not yet determined
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Purchase APR

N/A

Balance Transfer APR

N/A

Credit Score Range
Starting at 300
Annual Fee

N/A

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PREMIER Bankcard® Mastercard logo
PREMIER Bankcard® Mastercard
Strongly not recommended
2
16
19 reviews
Purchase APR
36%
Disclaimer popup with additional information
Balance Transfer APR
N/A
Credit Score Range
560 - 700

300

850

Annual Fee
$45 - $100
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SuperMoney Net Recommendation Score

SuperMoney users strongly recommend this product, giving it a user recommendation score of +60, or 4.2 on a 5-point rating scale.

+60

-1000+100
No one recommends
Everyone recommends
The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Premier Possibilities Mastercard Community Reviews

Would you recommend Premier Possibilities Mastercard to your friends?

MN

Marc N.

Dec 16, 2021

May or may not recommend

My credit report went from 490 to 560 in 6 mths
JD

Jacqueline D.

Sep 17, 2021

May or may not recommend

I just need to set a pin number, other wiseI love the online account. I am 75 and I use the internet to pay all my bills. Having the card has not been use much but I can check my account if I might use it. I can look or pay online.
Tony C. avatar image

Tony C.

Jul 22, 2021

May or may not recommend

Sent me a card that I don't want. This card is a predatory lending card. You would be better off with a secure credit card. They can stick the $95 processing fee and the 36% interest rate where the sun don't shine. I am not excepting their stick it to you antics. I guess just another negative mark on my credit. Card got cut up and threw in garbage, because ...Show More
JD

John D.

Dec 14, 2020

May or may not recommend

awesome thanks and i like it and it's good and thanks again
RB

Rodney B.

Aug 16, 2020

May or may not recommend

Great card for building your credit we love it for what it does the credit report

Showing 5 of 5 reviews

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