Credit Cards
PREMIER Bankcard® Mastercard® review: Build credit fast
Increase your purchasing power and build up a healthy credit score with the PREMIER Bankcard® Mastercard®! Check our full review to learn more.
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Get approved in minutes and access more benefits with PREMIER Bankcard® Mastercard®
Are you struggling to find a credit card with your current low score? Then read our PREMIER Bankcard® Mastercard® review for an easy and convenient solution.
PREMIER Bankcard® Mastercard®: how to apply
Learn how to apply and build up your credit score fast with the PREMIER Bankcard® Mastercard®!
After all, most people are subject to financial difficulties for many reasons. But you deserve the chance to write a new credit history! So read on!
Credit Score | At least over 500; |
Annual Fee | It varies from $50 to $125 depending on your creditworthiness; |
Purchase APR | 36%; |
Cash Advance APR | 36%; |
Welcome Bonus | Currently no welcome bonus; |
Rewards | PREMIER has no rewards programs for credit cards. |
PREMIER Bankcard® Mastercard® overview
The PREMIER Bankcard® Mastercard® is a great way for those looking to rebuild their credit score.
That said, this is not a premium credit card, nor does it offers any kind of reward. The major benefit you’ll have is the credit line itself.
The interest rate is quite salty, but you can use it strategically by avoinding carrying a balance from month to month.
Your credit limit can range between $200 and $700. It may seem low, but it’s enough to make a great credit report for major credit bureaus.
While this card works great as a credit builder, it carries quite a lot of fees. One-time program fees range from $55 to $95, and monthly fees can cost you up to $10.40 per statement period.
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PREMIER Bankcard® Mastercard® main features
While the PREMIER Bankcard® Mastercard® does not offer premium benefits, it could be a great stepping stone in your credit building ladder.
So let’s take a closer look at the pros and cons of this PREMIER Bankcard® Mastercard® in this full comprehensive review.
Pros
- Suitable for people with fair and poor credit scores;
- No need to make a security deposit;
- Enjoy the safety of a Mastercard®;
- Possibility to increase your limit if you make on-time payments for 12 months.
Cons
- The annual fee can be high with this PREMIER Bankcard® Mastercard®. And the higher your credit limit, the higher will be the annual fee;
- To activate the card, you must pay a $95 program fee;
- If those fees are not enough, you must also pay a monthly fee ranging from $0 (waived during the first year) to $10.40;
- You’ll get no rewards of any kind.
Minimum credit score to apply
That’s the good part about the PREMIER Bankcard® Mastercard®: you can apply with a credit score as low as 500.
How to apply for the PREMIER Bankcard® Mastercard®?
If you need a credit card to build credit and are unwilling to pay a security deposit, this card can be an option.
Further, we’ll tell you how to apply for it – you’ll see it is as easy as getting approved.
PREMIER Bankcard® Mastercard®: how to apply
Learn how to apply and build up your credit score fast with the PREMIER Bankcard® Mastercard®!
About the author / Julia Bermudez
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