With First PREMIER Bank, you may have the opportunity to settle your charged-off account for a lower amount and have that balance transferred to a new First PREMIER MasterCard Account. The outstanding balance from your old account will be reduced to the agreed upon settlement amount upon approval.
Full Answer
What is the processing fee for the first Premier® Bank MasterCard?
If you’re approved for the First PREMIER® Bank Mastercard Credit Card, one thing will stand between you and account opening: a processing fee between $25 and $95. This can have a significant impact on your initial spending limit, and, if you don’t pay this fee within 85 days of being notified of approval, your account will be terminated.
What is first Premier Bank?
First PREMIER Bank is a community bank based in Sioux Falls, South Dakota, that offers a variety of personal, business and ag banking products and services.
Is first Premier a good credit card for bad credit?
The First PREMIER® Bank Mastercard Credit Card is a bad deal, even for people with “bad” credit. You’ll have to pay First Premier $25-$95 for “processing” right off the bat, and you then immediately face a first-year fee of $75 to $125, depending on your starting credit limit which reduces your initial spending power.
How much money do first Premier cardholders have available credit?
As a result, most First Premier cardholders have less than $150 in available credit when they open their account and are dangerously close to their credit limit. 4.
Does First Premier sue?
Yes, First PREMIER Bank can sue you. First PREMIER Bank can hire a lawyer to file a breach of contract lawsuit against you for the underlying debt, fees, and costs.
What happens if you don't pay the program fee for First Premier Bank?
If you do not pay the required program fee within the allotted time, First Premier Bank will cancel your application.
What is the highest credit limit for First Premier Bank?
Unlike a secured card, the First Premier Mastercard requires no security deposit. Yet the card allows you to get approved even with bad credit, qualify for a credit limit as high as $1,000, and to build or rebuild your credit history.
What is the $95 program fee for First Premier Bank?
Additional Card DetailsCredit LimitProgram FeeAnnual Fee$300$95$75 first year, then $45$400$95$100 first year, then $45$500$95$125 first year, then $49$600$75$79 first year, then $491 more row
Can First Premier waive program fee?
There's also a one-time program fee that ranges from $55 to $95. Additionally, you'll have to pay a monthly fee that costs up to $10.40. However, First Premier will waive or reduce this fee for the first year, which can help offset the cost of the program fee.
Will First Premier remove late payments?
If you accidentally pay less than the minimum required payment or you miss your First PREMIER Bank credit card due date entirely, you can always ask customer service to waive the late fee by calling 1 (800) 987-5521.
How much should you use on a 300 credit limit?
Using it to pay any one of the three card balances, or dividing it across two or all three, would reduce your total utilization to 28%—but putting the full $300 toward Card 1 will do that and lower the utilization on that card from 38% to 32%—a change that will tend to improve your credit score.
Is First Premier Bank a legit bank?
First Premier Bank, headquartered in Sioux Falls, South Dakota, is an issuer of MasterCard brand credit cards in the United States. The bank is known for specializing in a wide range of subprime credit cards that are marketed to individuals with low credit scores....First Premier Bank.TypePrivate companyWebsitefirstpremier.com11 more rows
Does First Premier allow cash advance?
You can withdraw money from the First Premier Bank Credit Card as a cash advance. Once your account is open, your initial cash advance limit will be 10% of your credit limit.
How long does it take for credit to be available after payment First Premier?
The First Premier credit card payment post time depends on how and when you made your payment, as you can see below: Mail - up to 7 business days. Phone, Online or in-person - same day (Mon-Fri, if received by 5 p.m. CT); next day (Mon-Fri, after 5 p.m.); or Sunday (5 p.m. Fri - 5 p.m. Sun)
How many credit cards should a person have?
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.
What does it mean when it says your program fee has been fully funded?
The program fee is a one-time payment to offset risk associated with your credit account. If you are approved, paying the full program fee opens your credit account and gives you access to your available funds as soon as your card arrives.
How many First Premier cards can I have?
Yes, you can have more than one First Premier credit card. But keep in mind that First Premier's credit cards have one-time, annual and monthly fees, and also a 36% APR for their unsecured cards and 19.9% for their secured card.
Can I transfer money from my First Premier credit card to my bank account?
No, you cannot transfer a First PREMIER® Bank Mastercard Credit Card balance to a bank account.
How long does it take for First Premier available credit after payment?
WalletHub, Financial Company Funds availability for First Premier credit cards depends how you sent your payment. If you mailed it, you should allow 7-10 days for your payment to be posted.
How do I get cash from my First Premier credit card?
To get a First Premier Bank credit card cash advance, use the credit card and a corresponding PIN at a participating ATM and withdraw the cash, up to the card's available cash advance limit. If you do not have a PIN, contact First Premier Bank's customer service at (800) 987-5521 to request one.
What is First Premier Bank?
First PREMIER Bank specializes in jumbo loans with competitive mortgage rates and fees.
What is FDIC savings?
A traditional, FDIC-insured savings option with free Online and Mobile Banking. For higher balance accounts - the bigger the balance, the higher the rate. Competitive rates and an array of term options on CDs. A simple, tax-advantaged way to build up funds gradually for retirement.
Advillc
Long time reader, first time poster. Please bear with me. I have an account with FP who is the OC that I want to settle. I was just getting ready to send a letter with the terms that I would agree to, when a CA (Arrow Finacial) sent me an offer to settle. I have a multipart question.
toImproveMyCredit
Long time reader, first time poster. Please bear with me. I have an account with FP who is the OC that I want to settle. I was just getting ready to send a letter with the terms that I would agree to, when a CA (Arrow Finacial) sent me an offer to settle. I have a multipart question.
Moriah4
a side note: paid collection has good value, it still have negative effect on your credit file until it falls off.
razr
Is it in my best interest to deal directly with the OC or is it easier to get a reasonable settelment with the CA?
stefdr
I just sent a goodwill letter to First Premier about an old account that I paid off long before I knew about PFD's and other credit repair tactics. After writing this I felt dirty. Needed a shower especially after the last few lines.
ABaldbrotha
Gentlemen, before you pay First Premier a dime, please read this link regarding the New York Attorney General suing First Premer Bank, and (FP) agreeing to refund money to credit card customers for deceptive practices.
1time2many
I am also dealing with this issue, 4 FP cards with a total balance of all 4 less than $1500.00.
How to check my First Premier bank balance?
To check your First PREMIER® Bank Mastercard Credit Card balance, log in to your First PREMIER Bank account online or call customer service at 800-315-6350. It's also possible to check your First PREMIER® Bank Mastercard Credit Card balance through the First PREMIER Bank app.
How much does Premier Credit Protection pay?
Premier Credit Protection: You can pay $0.89 per $100 in end-of-month balances for a service that First Premier calls “Premier Credit Protection,” which promises to make payments for you in the event of certain covered events, such as disability, unemployment and unpaid family leave.
How much is the credit limit increase fee?
Each time your Credit Account is eligible for and approved for an unsecured credit limit increase, a Credit Limit Increase Fee in the amount of 25% of the amount of the credit limit increase will be assessed to your Credit Account.
How much is a cash advance fee?
5% Cash Advance Fee: : If your emergency expense can only be paid in cash, you will have to pay a fee equal to 5% of the amount withdrawn (minimum of $6) to tap into your card’s credit line at an ATM. Interest will immediately begin accruing at a market-worst 36% rate as well.
How much do you have to pay for a $500 credit line?
More specifically, you’ll have to pay $125 the first year if you’re approved for a $500 credit line, $100 for $400, $79 for $600, $700, and $1,000, and $75 for $300.
How much is a membership after first year?
As a result, cumulative membership fees after the first year can total $120 or $173.80. And, if you get the larger credit limits, you would have to take into consideration that the monthly fees are not waived in the first year.
Is it a good idea to keep an eye on your First Premier bank card balance?
It's a good idea to keep an eye on your First PREMIER® Bank Mastercard Credit Card balance. If your balance seems higher than it should be, take a moment to look over your recent transactions for anything out of the ordinary.
Where is First Premier Bank located?
First PREMIER Bank is a bank based in Sioux Falls, South Dakota. Founded in 1999, it has been accredited by the Better Business Bureau (BBB) since 2007.
How much money damages can you get from First Premier Bank?
If you are being harassed by First PREMIER Bank over a debt, you may be entitled to money damages – up to $1,000 for harassment, and $500 - $1,500 for illegal robocalls. Under state and federal laws, we will help you based on a fee-shift provision and/or contingency fee, which means the debt collector pays your attorneys’ fees and costs. You won’t owe us a dime for our services. We have settled thousands of debt collection harassment cases, and we’re prepared to help you, too. Contact Agruss Law Firm at 888-572-0176 to stop the harassment once and for all.
What happens if First Premier Bank violates the law?
If First PREMIER Bank violated the law, you may be entitled to money damages and First PREMIER Bank will pay our fees and costs. You won’t owe us a dime for our services. Plus, some of our clients also receive debt relief and cleaned-up credit reports. You have nothing to lose! Call us today at 888-572-0176 for a free consultation.
Do I have to pay fees and costs for consumer rights?
Do I have to pay your fees and costs for helping me with my consumer rights case? No. We handle consumer rights cases based on a fee-shift provision and/or a contingency fee. That means either the other side pays your fees and costs, or we take a percentage of your recovery. Whether it’s a fee-shift case or a contingency-fee case, we don’t get paid unless you get paid, and you’ll never owe us a penny for our time.
Does First Premier Bank have a judgment against you?
Yes, if First PREMIER Bank has a judgment entered against you. If First PREMIER Bank is currently garnishing your wages or threatening to do so, contact our office as soon as possible.
Can First PREMIER Bank Sue Me?
Yes, First PREMIER Bank can sue you. First PREMIER Bank can hire a lawyer to file a breach of contract lawsuit against you for the underlying debt, fees, and costs. If you’ve been sued by First PREMIER Bank, do not ignore the lawsuit; you may have defenses. If you ignore the lawsuit, the default will be entered and the agency may seek to garnish your wages. If you receive notice of a lawsuit, contact an experienced attorney as soon as possible, even if you intend to represent yourself pro se. If First PREMIER Bank has threatened to sue you, call us at Agruss Law Firm as soon as possible; we’re here to help.
