Reviews

PREMIER Bankcard® Secured Credit Card full review

If building a credit score is just what you're looking for, check out this PREMIER Bankcard® Secured Credit Card review to learn more!

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by Sabrina Paes

Published on 09/29/2022

PREMIER Bankcard® Secured Credit Card: ideal for those with low or no credit!

premier card
Learn all about the PREMIER Bankcard® Secured Credit Card in our review! Source: Premier Bankcard

Starting to use credit can be a big challenge, especially when it comes to organizing finances. However, this PREMIER Bankcard® Secured Credit Card review can help you choose this option to get started.

Premier logo

Apply for the PREMIER Bankcard® Secured Card!

Having a good credit-building card is crucial if you need to improve your finances. So, check out how to apply for the PREMIER Bankcard® Secured Credit Card!

This credit card was designed for people new to or needing a credit score. Therefore, they have a low associated APR rate and can reach up to a $5,000 limit. Know more!

  • Credit Score: Under 500;
  • Annual Fee: $50;
  • Regular APR: 19.9%;
  • Welcome bonus: N/A;
  • Rewards: credit building for new card users.

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How does the PREMIER Bankcard® Secured Credit Card work?

woman and credit card
Find out how this secured card works! Source: Adobe Stock

As we said in this PREMIER Bankcard® Secured Credit Card review, this credit card is for building a good credit score.

Its APR rate tops out at 19.9%, with an associated annual fee of $50. It might be the first card you’ll ever have. Also, the application process is simple, and approval can come very quickly.

PREMIER Bankcard® Secured Credit Card pros and cons

Every credit card option should be carefully evaluated before any decision is made. After all, some pros and cons may or may not bring pleasant surprises throughout the application.

Therefore, it is important to be prepared. The PREMIER Bankcard® Secured Credit Card review shows that this card has the advantages of a good limit, good application, and a low annual fee.

So, check out the pros and cons below!

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Pros

  • Helps in building a credit score;
  • APR rate is low for this type of card;
  • The limit is good and can go up to $5,000.

Cons

  • It has an associated annual fee of up to $50;
  • It doesn’t have many associated benefits, and there are no rewards.

Does my credit score need to be good?

This credit card option was designed especially for people who are new or who don’t have a credit score. Therefore, people with a score below 500 can apply and have the card approved.

So, you don’t need to have a good credit history. Also, this option can be ideal if you want or need to build a good credit score. Moreover, the not very high APR rate favors the good use of credit, favoring your score.

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

You need more than just the minimum requirements to have a credit card. Therefore, you need to know how to apply correctly to have a better chance of being approved.

The PREMIER Bankcard® Secured Credit Card review shows that applications can be made online or through the app. Want to know how to proceed? Check out our post below that shows the steps to apply!

premier card

Apply for the PREMIER Bankcard® Secured Card!

Having a good credit-building card is crucial if you need to improve your finances. So, check out how to apply for the PREMIER Bankcard® Secured Credit Card!

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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