SuperMoney
  Premier Possibilities Mastercard

Out of Business

Premier Possibilities Mastercard

in Personal Credit Cards from First Premier Bank

Out of Business

Premier Possibilities Mastercard

in Personal Credit Cards from First Premier Bank

Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

+100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Rating not yet determined  

1 user recommends
0 users are unsure
0 users don't recommend
Cast your vote

Would you recommend Premier Possibilities Mastercard to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Community Rating

Rating not yet determined  

Purchase APR  (Variable APR) Starting at 36%
Balance Transfer APR  (Variable APR) N/A
Credit Score Range 300 - 700
Annual Fee $150

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.

Contact

  • Headquarters
  •   601 S Minnesota Ave
    Sioux Falls, SD 57104 USA
  • (605) 357-3000

Hours of Operation

  • Sunday Closed
  • Monday Closed
  • Tuesday Closed
  • Wednesday Closed
  • Thursday Closed
  • Friday Closed
  • Saturday Closed

Other Services by First Premier Bank

Feature Breakdown

Over-Limit Fee $0
No Interest Grace Period for Late Payment 27 days
Foreign Currency Transaction Fee 3%
Annual Fee $150
Minimum Interest Charge $1
Returned Payment Fee $35
Late Fee Amount $37
Customer Type Personal
Minimum Age 18
Credit Score Range 300 - 700
Purchase APR (Variable APR) Starting at 36%

Premier Possibilities Mastercard Community Reviews

 

Would you recommend Premier Possibilities Mastercard to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

+100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

sorted by

Other Personal Credit Cards