The First Premier Bank Mastercard is a perfect example. It’s an unsecured card that offers approval to a wider range of credit profiles than many other credit cards. However, there are some significant drawbacks. Here’s what you need to know if you’re considering the First Premier credit card.

How do I activate First Premier?

Your First Premier credit card will be activated as soon as you pay your program fee or fund your security deposit, depending on the card you got approved for. Follow the instructions on your applications page to pay for the program fee/security deposit.

Does First Premier do a hard inquiry?

Yes, the First Premier Bank Mastercard does a hard pull on your credit when you apply for it online.

What is the credit limit on First Premier card?

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.

How do I add money to my First Premier credit card?

You can transfer funds between your First PREMIER Bank accounts by either logging into Online Banking or Mobile Banking and choosing the “Funds Transfer” option under the “Transactions” menu. You can also call Bank-by-Phone at 800-315-6350 or you can call 800-501-6535 to speak to Customer Care.

Is First Premier Bank a local bank?

First PREMIER Bank is a full-service community bank based in Sioux Falls, South Dakota. The state is home to all of its 17 branches. The bank offers checking accounts, savings accounts, credit cards, IRAs, certificates of deposit (CDs) and more.

Does closing a credit card hurt your credit?

A credit card can be canceled without harming your credit score⁠; just remember that paying down credit card balances first (not just the one you’re canceling) is key. Closing a charge card won’t affect your credit history (history is a factor in your overall credit score).

Does First Premier have a virtual card?

Virtual accounts are non-physical accounts that are created and tied directly to a physical account at First PREMIER Bank. Virtual accounts carry a unique account number and online access, which can be used to simpllify account reconcilation, billing and payment collection.

What credit agency does First Premier Bank use?

On the plus side, First Premier reports your activity to the major credit bureaus TransUnion, Experian and Equifax.

Does First Premier pre approval?

You can get pre-approved for a First Premier credit card if you fit the issuer’s criteria and receive a mail offer. After receiving a mail offer, enter your confirmation number on First Premier Bank’s dedicated web page to apply.

Can I use my Premier card at the ATM?

Yes, you can use most credit cards at an ATM to withdraw cash from the card’s credit line. The ATM withdrawal will show up as a cash advance on your credit card statement. That means the amount of cash you get at the ATM will be subject to an immediate cash advance APR, and usually a cash advance fee.

How does the First Premier credit card works?

When you submit your card application, First Premier assigns your credit limit based on creditworthiness, and the limit you’re approved for will determine your card’s fee schedule. When you open your account, both the one-time program fee and first-year annual fee are automatically deducted from your credit limit.

What is a program fee for First Premier Bank?

Yes, you do have to pay the program fee for First Premier Bank credit cards if you are applying for an unsecured card. The program fee on First Premier Bank unsecured credit cards is a one-time fee of $55 – $95 assessed before you open the account. The exact amount you will have to pay depends on your creditworthiness.

How do I withdraw money 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.

Can I transfer money from my Premier credit card to my bank account?

No, you cannot transfer a First PREMIER® Bank Mastercard Credit Card balance to a bank account. You can only do that between different lines of credit. You can, however, use your bank account to pay your credit card bill every billing cycle by setting up automatic payments.

Can you use First Premier on Cash App?

Yes, users of Cash App can effectively use credit cards to send money and pay bills easily. However, to do this you first have to link your bank or card to your Cash App account. Linking a bank account or your debit or credit card is necessary to send money.