PREMIER Bankcard® Mastercard® review: Maximize your credit!
Building credit was never this easy thanks to the PREMIER Bankcard® Mastercard®. Qualify with poor credit and boost your score to excellence! Keep reading and learn more.
PREMIER Bankcard® Mastercard®: Enjoy free FICO® score monitoring!
Are you ready to build credit with a hassle-free credit card? Then you can’t miss our PREMIER Bankcard® Mastercard® full review! This card might be what you need!
And we are here to answer all your questions so you can make an informed decision! Are you ready to get to know this credit card service? Then let’s get started!
- Credit Score: A 500+ score is required;
- Annual Fee: $50 – $125 depending on your creditworthiness;
- Purchase APR: 36%;
- Cash Advance APR: 36%;
- Welcome Bonus: There is no sign-up bonus;
- Rewards: This card comes with no reward programs.
How does the PREMIER Bankcard® Mastercard® work?
The PREMIER Bankcard® Mastercard® credit card was designed to help people with not-so-good credit reestablish it! And in fact, it serves its purpose very well.
As a credit builder credit card, it won’t have many bright features, like cash back or discounts! Still, cardholders can rely on it when it comes to building credit.
Indeed, the PREMIER Bankcard® Mastercard® will report the account’s activity to the three major credit bureaus! Also, it allows you to monitor your score monthly.
Additionally, you can easily manage your credit card account through the PREMIER Credit Card app, which is available for customers for free!
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As you can review in the table above, the PREMIER Bankcard® Mastercard® annual fee will vary depending on your creditworthiness!
And this happens with other fees too! For example, you’ll have to pay a monthly fee ranging from $0 to $10.40 based on your creditworthiness as well.
Cash advances will cost you either $8 or 5% of the advanced amount, whichever is greater! There is also a foreign transaction fee of 3%.
In addition, if approved for the PREMIER Bankcard® Mastercard®, customers must pay a one-time account opening fee ranging from $55 to $95.
PREMIER Bankcard® Mastercard® pros and cons
As you can see in this PREMIER Bankcard® Mastercard® full review, despite the lack of features, this credit card is a useful tool to help you build your credit score!
Still, before applying for it, you must consider some key factors! To help you with that, we’ve gathered this credit card’s pros and cons! So check it below!
- Accepts applicants with poor and fair credit scores;
- The PREMIER Bankcard® Mastercard® reports your activity to the major credit bureaus;
- Enjoy a FICO score monitoring service for free;
- Easily manage your account through the Premier Credit Card app.
- This card brings no reward programs or welcome bonuses;
- There might be an annual and monthly fee attached to the card;
- You’ll have to pay a one-time fee to get this credit card;
- It charges a foreign transaction fee.
Does my credit score need to be good?
The PREMIER Bankcard® Mastercard® credit card accepts applicants with lower credit scores! As a result, you can qualify for this card with a minimum of 500.
Also, know that you must have a checking account and pay a one-time fee to get the PREMIER Bankcard® Mastercard® credit card!
Want to apply for the PREMIER Bankcard® Mastercard®?
Applying for this card is simple! Their application process is fully online, which will help you go through it without any hassle!
Are you ready to get your PREMIER Bankcard® Mastercard® and start building credit? Great! Then keep reading and learn how the application process works!
About the author / Beatriz Vieira
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