Reviews

PREMIER Bankcard® Mastercard® Credit Card full review

Not everyone has a good credit history. But, a lot of people need a credit card. See how the PREMIER Bankcard® Mastercard® Card can help!

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by Sabrina Paes

Published on 09/19/2022

PREMIER Bankcard® Mastercard® Credit Card: ideal for building credit

Premier bankcard card
Read our PREMIER Bankcard® Mastercard® Credit Card review! Source: Premier Bankcard

Everyone needs a credit card, but the score may not help. That’s why there’s the PREMIER Bankcard® Mastercard® Credit Card review to show you how to get new credit.

Premier logo

Apply for the PREMIER Bankcard® Mastercard® Card.

Need to build credit and improve your score? PREMIER Bankcard® Mastercard® Card can help! See how to apply for this simple option.

With a relatively high APR, the PREMIER Bankcard® Mastercard® Card does not require a high credit score. With only 500, it is already possible to make a request.

And the rate varies depending on that score. Read more!

  • Credit Score: Qualify with a low score (at least 500);
  • Annual Fee: $50 to $125 based on creditworthiness;
  • Regular APR: 36% variable APR;
  • Welcome bonus: N/A;
  • Rewards: N/A.

How does the PREMIER Bankcard® Mastercard® Credit Card work?

woman holding smetphone and credit card
See how this card works! Source: Freepik

The PREMIER Bankcard® Mastercard® Credit Card is an option for those with not-so-good credit. Only 500 as a credit score qualifies you to apply for this option.

APR rates are determined based on your credit score; the higher the score, the lower the rates. And also, it informs the positive use of the card to agencies.

PREMIER Bankcard® Mastercard® Credit Card pros and cons

As with all card options, the PREMIER Bankcard® Mastercard® Credit Card has some pros and cons. Because it is used for building credit, it is normal for it to have higher APR rates.

However, the PREMIER Bankcard® Mastercard® Credit Card has other associated fees.

The sum of all these fees can be a little disadvantageous for anyone looking to increase their line of credit. Check out the main pros and cons.

Pros

  • Allows other agencies such as Experian, Equifax, and TransUnion to be informed monthly of their positive credit usage updates;
  • You can qualify with a not-so-good score.

Cons

  • The initial fee for passing the program;
  • Annual fee deducted from your credit limit, reducing your available initial credit;
  • Monthly fee while the account is open;
  • A fine fee for late payments;
  • Additional user fee if you want to add a partner to your current account;
  • Very high APR rate compared to other operators;
  • Expensive credit limit increase rate, even after good card usage history.

Does my credit score need to be good?

If you have a minimum credit score of 500, you can apply for a credit card. The bank evaluates your credit score and will then determine the APR and annual rates based on your score.

Want to apply for the PREMIER Bankcard® Mastercard® Credit Card?

If you need to improve your credit score, the PREMIER Bankcard® Mastercard® Credit Card may be the solution. With a low credit score requirement for applications, it can help you rebuild your history. See below for how to apply for it correctly.

Premier bankcard card

Apply for the PREMIER Bankcard® Mastercard® Card.

Need to build credit and improve your score? PREMIER Bankcard® Mastercard® Card can help! See how to apply for this simple option.

About the author

Sabrina Paes

Content Writer, Copywriter, and Ghostwriter. Content marketing professional with 5 years of experience. Specialist in investment, finance, and technology niche. MBA in Marketing at the University of São Paulo, Brazil. Content Writer by Rock Content, and University of California (UCDAVIS).

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