Is First Premier Bank a Scam?

First Premier Bank parodyLoathed. Despised. Hated. Those are all words I’ve heard used to describe First Premier Bank credit cards. But is calling it a “scam” an accurate description or not?

2016 Quick Summary: The reason people have such a negative opinion about Premier is largely due to their inredibly high fees: $170 during the 1st year alone! They’re not technically a scam, just a really sucker deal. If you have bad credit then you will be better off with this card instead.

What they do?

If you’re not familiar with First Premier Bank, they are card-issuing financial institution chartered in the state of South Dakota. A little history lesson: South Dakota was the very first state that had the competitively brilliant but socially evil idea to pass a law in the early 1980’s to allow any bank headquartered there to charge whatever rates they please nationwide (using the legal parlance of being able to export South Dakota rates). This lured major banks like Citicorp to move their money-center credit card operations to the badlands and jack up their interest rates (or at least charge the highest prevailing rates), which had previously been held down by New York usury laws. This was motivated by financial survival as much as greed, because the banks’ cost of funds was super high back in the eighties (mid-teen %) and if the banks couldn’t tack on a little margin to that they would go out of business. But I digress. Back to First Premier. They have a few brick and mortar locations there which offer full-service banking, however they’re much better known for their credit cards available nationwide. In fact, according to Wikipedia, First Premier is the 10th largest issuer of MasterCard and Visa cards in the US. There is big money in sub-prime credit cards.

But these aren’t just any credit cards. First Premier is famous for fees… lots and lots of fees! Which brings us to the next part…

Why are they dispised?

Yes, they are credit cards for bad credit. But even taking that into account, the fees and interest rates go above and beyond the status quo for this category. Here’s a run-down for one of their credit card deals to give you an idea:

First PREMIER Bank MasterCard

  • Interest rate = 36%
  • Processing fee = $95 (one-time)
  • Annual fee = $75 for first year, $45 thereafter
  • Monthly servicing fee = None for first year, $6.25/month thereafter

In their marketing bullets, they say “If approved, your $95 Processing Fee gets you a $300 credit limit.” So you are paying these fees for a minimum credit limit which is quite low.

In addition to this particular card, there are several other flavors marketed under different names such as Classic, Gold, Forward – and my favorite – Premier Possibilities. It’s my favorite because I have no clue what “possibilities” the card offers, other than the possibility of going broke by paying all those fees 😉

Despite the different names, the fee structures and APRs on these cards are all very similar. Upon studying their applications, I actually have a hard time differentiating between some of them, other than their names and designs.

So the question as to why so many people hate them, I think the answer is quite obvious. But is it fair to say that First Premier Bank credit cards are a scam?

What it comes down to?

Despite the outrageous fees they charge, when I looked at the application for the aforementioned card, the fees and interest rates were spelled out in black and white:

rates and fees on First Premier card

They are telling you upfront how they are gong to stick it to you. So technically speaking, they are not a “scam” since say upfront how much you will be charged. However, just because they are not a “scam” doesn’t mean they are a good deal. They are clearly taking advantage of those with few other options and even less financial literacy.

I just wish people would read the First Premier applications before applying, because I think it would save a lot of heartache if people understood what they were getting themselves into when they start a relationship with First Premier.

In my personal opinion, I think they are one of the absolute worst choices you could make for building or rebuilding credit. Why? Simply because you can accomplish the same thing using other cards that cost a lot less. I just hate to see people get caught up in this type of trap without realizing they might well have other and better options.

For example, if you went the route of a secured card you could put up a security deposit as low as $200-300 and in exchange, get a card that may only have an annual fee as low as $30 or $40. Since the security deposit will be refundable when you close the account, it’s a much cheaper option than paying the processing fee + annual fee + servicing fee that First Premier Bank charges on their cards. Check out this page to see the top secured cards.

Regardless of my personal feelings on this card, I totally respect a person’s right to spend their money how they wish. If someone wants to apply for a First Premier Bank card and ship their hard-earned money off to South Dakota, I believe that’s their right. After all, there’s no law against someone overspending on say, a designer handbag, so if someone chooses a pricey credit card then I respect that as their right. Unfortunately, it seems like most people aren’t reading the application thoroughly, so they don’t understand why they’re having to pay exorbitant fees and interest rates. As the saying goes – caveat emptor.

Last updated February 2016

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Once I reviewed all of the fees, I declined the card after being approved. I logged into Capital One and applied for a card with them ( I have my checking account with them). I was approved for $500, no processing fee and only yearly fee of $39 plus I get 1.5% cash back. My credit score is only 565 and I still was approved. Buh bye First Premier.

As someone who lives in Sioux Falls where these guys are based, I can attest that the complaints on this page are correct and accurate for the most part. I interviewed with these people about a decade ago (I did not know about the rotten subprime nature of the card until I actually got to listen to a few phone calls) and after that interview I swore I would never work for them. My sister actually worked for them and the experience made her into a mean and self-righteous prick, to be nice about it. And yes, the owner of Premier Bankcard is a fake philantropist who basically bribed the University of South Dakota, what was Sioux Valley Hospital and quite a few other places here in SD to make himself look better than he really is. I’m not surprised at the anger at both First Premier and SD in general; First Premier is the poster child of everything that is wrong with this state. It and other businesses like it thrive in SD because the state is corrupt in general; I have had lots of issues with the local businesses and institutions myself and would be hard pressed to buy most local stuff here in South Dakota. Furthermore, you have a community that doesn’t really care so long as they get their money and it’s no wonder that New York ended up suing First Premier because of how bad the situation out in NY got.

Why is it in new york you can not apply for a first premier card

The very first question they asked me when I called to cancel the application I had completed not knowing the was a $90 activation fee was: What is your birthday date and social security number please. I hung the phone up. Really what the heck are these people trying to pull!?

Hi Everyone. I truly am grateful for all of your above comments about this company. I did receive their offer letter and being Christmas time without any credit cards I hesitated but called them. Of course I was approved but did not Pay their processing fee of $ 25.00. The annual fee for first year is $ 175.00 which is deducted from the $ 700.00 credit limit. The 36% ATR they said is calculated monthly and stated I would be charged 3% on my purchases. Id didn’t believe them and wished I had done my homework here before I called them about their offer. They stated they would be sending me a card in 7 to 10 business days. I specially asked them by not paying the processing fee the card is not activated to use. They confirmed this. Because I wanted to kick myself in the butt for not searching them before I called them I am still happy I researched after my call with them. I tried calling them back with different options to get a Live person on the phone. After about 15 minutes of being persistent, I finally managed to get to a live customer service person. I told them that I just got off the phone with my Lawyer/accountant and he advised me not to open any new credit cards because of my recent bankruptcy and because I’m now on disability. After telling the customer service person the above I asked that she cancel my application. She said she would cancel it. When I asked her again that if I did receive this card in the mail and don’t pay the processing fee to activate it, would it be considered cancelled. She said she is cancelling my application now (same day). Can I believe her? Will I still get the card in the mail and by not activating it with my processing fee, still get monthLy fee charges as some of you indicated above? Scared…yes I am after what I just read here. THANK YOU TO ALL OF YOU…FOR YOUR CANDID REMARKS.

Well i just want to say that I currently have 3 other credit cards that have a high limit and I got APPROVED for more than what everyone else has been offered and imo, having a little extra card ain’t going to destroy me when my credit is really in the good now and always pay my credit cards a month before they are do, IMO they aren’t so bad !!

If your credit is so good already that you have high limits, then why do you need this card? The fees are over the top. I suspect you work for them.

In short, if you don’t give them *any* money, and they can’t touch you!

If you don’t pay the (currently $95) “program fee” (read ‘activation fee’), even if you have been approved, the credit line (credit card) will not be opened, and will simply be “withdrawn” (read ‘closed’) after “85 days from the date the application was approved”. In other words, if you complete the pre-approved application, but don’t fall for the bait-and-switch $95 program fee closeted at the “you’ve been approved” online application, you’ve avoided imprisonment to a predatory lender.

This bank is a scam. I cut my card up back in August and have been paying monthly, I have not recieved my statement in 3 months from them and tonight I get a call telling me my card is $1.56 over limit because they have tacked on a $34.00 late fee for the last 3 months because I paid them $4.00 short on what the minimum payment should have been. I told them they weren’t getting another dime from me, go ahead and send me to collections….what a freaking scam. The woman had the balls to tell me that I must have given them the wrong address and thsts why I don’t get my statements, so I asked her what address they had on file and gee whiz, I have lived at that address for 30 years and I get all my other mail. Some lawyer needs to jump all over this and start a class action lawsuit againt these theives.

I’ve had nothing but problems with this “creditor.” I’ve had an account with them for years and have paid of the card completely multiple times. Somehow, there’s always some kind of absurd fee that comes up not long after (doesn’t matter what time of the year). I have made multiple attempts to work with them on closing that account and they’ve never cooperated through writing or the phone. I attempted to fax them more than once and the faxes were rejected. I’ve elected to blow them off. I have a feeling it’s extremely difficult for such a “creditor” to actually collect legitimately.

Also, every single other credit line I’ve had has increased over time. Not this First Premier line of credit.

they will get your money after you have paid them and deny you credit also you must keep talking to a gotdam recorder all the time we need to sue them picket them no good deed for no one!

First Premier Bank sucks!!!!! Charging $6.50 monthly service fee on an account that’s been closed. I closed the account over a year ago because of that ridiculous monthly service charge…and not realizing I’ve been paying it while paying off the card. I think this is classic usury and I’m filing a complaint with the Federal Banking Commission.

I got a card from them and then canceled it but I still have to pay the fees. I send my payment with more than enough time for then to get it before the due date but I get charged a late fee about every other month because they say by the time it gets processed its after the due date, always the day after the due date, funny, I don’t know how to stop this scammy cycle. I have trying to pay off $175 for about 9 months now.

Wow?! Wayne, they really are sticking it to you. I keep getting a pre approved letter every other month from Premiere Bank.
I’m happy to announce that Capital One offered me something a whole lot better, and I went for it.

I was just about to apply for this card, when something in my gut told me to type “First Premier Bank fraud” in the Google search engine. That’s when I came across this blog. Thanks for all of your comments. No thank you First Premier Crooks Bank…I think I’ll pass…lol!!!!

What if i received the card but never applied and never used it will i still be charged

I have had a card with them with a tiny limit of $250. I stopped using it and was about to pay the last $30 and then cancel it. Then they sent me a bill for about $700 with a different credit card number but addressed to me at my address. When called they act dumb and pretend to not understand. They then sent a form where you are supposed to type A) card lost or B) card stolen… but no place to explain what happened. Now they send something saying they may straighten out the whole thing for $107. Are they a protection racket, or the mafia, or something worse?

I have had a card with them with a tiny limit of $250. I stopped using it and was about to pay the last $30 and then cancel it. Then they sent me a bill for about $700 with a different credit card number but addressed to me at my address. When called they act dumb and pretend to not understand. The send a form where you are supposed to type A) card lost or B) card stolen… but no place to explain what happened. Now they send something saying they may straighten out the whole thing for $107. Are they a protection racket, or the mafia, or something worse?

I have got this card. I must say my credit is very poor. I did pay the 95.00 fee & they took the 75.00 fee out of my $300 limit leaving me with $225 avail credit. My credit score increased 30 points as soon as I got it. I am going to pay my payments on time and try paying a little more each month than asked… I will give another update later in the year.

You’re not that desperate for credit for this card. Had one, kept it in good standing and when I was finished with them, I cut the loose. Horrible customer service when I went to cancel the card, they switched me over to a “high powered” salesman like – tactical combat team to tell me how it would hurt my credit if I canceled the card. Their fees were hurting my wallet! It took me THREE CALLS to cancel their card, they’re so good at what they do. Suggestions for building credit would be CreditOne (they are a racket too) but they have a good product and customer service is not bad at all. But I’m out on First Premier. I’m rebuild now, so I’m on to the “no fee & rewards having” side of credit.

The state of New York fined First Premiere Bank in 2009. FP was fined millions of dollars plus penalties they continue to defraud people. FP are crooks. Please make complaints against them with the Consumer Financal Protection Bureau. This bank needs to be shut down and their entries on credit reports removed as the state of New York required them to do.

Thank you for your stories / nightmares I was just about to sign up, No THANK YOU first premier bank.

I had this card in the early 2000’s never used it I kept getting bills for the card. I ignored them when we got a mortgage on the house they paid off everything on the credit report. I would never use them again after all the problems I had when they got paid and getting it off my report. Then somehow in 2011 another card was opened in my name and they refuse to send me any info as to what was charged and any other info related to the account. Now I have almost 500 in collections from this stupid card I did not open…

Before I could finish applying for the card, I tried to cancel after reading the terms of agreement but it started processing my partial application. I had not agreed to the terms. Two weeks later I get card in the mail. What can I do?

Duh cancel it

My very responsible 19 y/o daughter applied for this card after receiving the offer in the mail. She didn’t know about credit cards and fees, etc., but wanted to start building her credit. She’s hard-working and has saved a lot of money already. When her card arrived, there was a statement attached showing that she had a $500 limit, but that she already had been charged $175 (“fees”) and that her minimum payment due was $30, with $325 credit balance remaining. When she showed this to me, I called FPB immediately, pretending to be her and providing all pertinent information. The woman on the line was extremely RUDE and started trying to “school” me on how FICO scores work and the 10-point inquiry against the score for any applications for credit. I told her that I wanted to CANCEL this card and she wasted nearly 10 minutes of my time threatening me with bad reporting to “my” (daughter’s) credit history for non-compliance. I told her that she was NOT going to scam “me” and that I simply wanted to cancel this card immediately. She then said, “if you wouldn’t be such a bitch and keep interrupting me, I’d tell you to simply hang up the phone and cut up the card.” I told her to “tell Mickey Mouse that I said hello” (credit card companies HATE when you call them “Mickey Mouse account representatives”) and she hung up on me. I felt that the matter was handled, but now that I read some of the above posts, I’m wondering if that $175 charge was ALREADY and AUTOMATICALLY applied to the card as a purchase/use of the card would be and if my daughter still owes that $175 just for activating/applying for the card?! There is no activation necessary when you receive it, so it is ready for use. I will have my daughter wait to see if another statement arrives, but if she, indeed, does still owe for the $175 charge, I will have our attorney get on it immediately to fight to have the charges removed. If they do anything to report her unworthy for credit or damage her credit score, I will OWN them before it’s all over and I don’t care how much it costs me!! It’s the principal of the matter. I understand that credit card companies aren’t a non-profit organization but this company preys on people with NO CREDIT or BAD CREDIT and especially young adults looking to build credit as they begin to go out on their own. In researching this company further, I see that they are located in South Dakota and that SD has passed laws allowing creditors to charge ANY INTEREST RATE that they want to without the Federal cap that is mandated in most other states. There is a REASON for this – to rip off the consumer and prey on people. We also tried to log in online to find out what we could do to cancel the card, since calling them was such a hassle (I finally got through the options – #6 – to speak to a “customer service” -haha! – rep) and realized that there is a $4.95 charge for online access!! This company is so saturated in fees and outlandish interest that it’s CLEAR that they are the worst kind of rip-off artists. STAY AWAY FROM ANY DEALINGS WITH FIRST PREMIER BANK!!!! Try Capital One for credit BUILDING and Unity Visa for REPAIR. Good luck and be blessed!

Yeah you should totally spend thousands in attorney fees to fight a $175 charge that was spelled out in the TOS initially.

Lol my thought exactly

I am a 680 credit score and I am trying to figure out why I am paying 95 dollars to open an account that is not pre paid and an additional 75 dollars for a card that is suppose to be a credit card? I have two other cards and neither one does anything like that. Is this illegal or should I run a campaign to boycott First Premier for their practices.

First Premier bank product and service is horrible. First it has not help me build my credit as they advertise. Ive been monitoring my credit, I mostly pay full balance due or half every month, in advance. My credit has remained the same for the past year and 4 months with FPB. Second The customer service is horrible, the representatives are not courteous to the customers, no matter if you explain how urgent you need your funds to be available. Terms are just a catch to draw customers. Everytime i make a payment, my funds are never available the 3-5 days thats it say that it takes to process and post to the account. I just called because im going through the same problem again with my funds. I paid on 10/14/2014 and it says to post 3-5 days, again today 10/21/2014 the reps was aggitated and brief and did not provide any help. My funds will be available on the 10/23/2014, and the rep told me the funds are not guaranteed funds :-(. Im getting rid of this product tomorrow, pay my full balance and close the account. My experience with Credit One Bank is fabulous. I will keep that one card to build my credit. Credit one Bank has great services and really help customers. I just got my card, I already received a credit limit increase and my funds are always available on time. I requested 2 credit limit increase in the past with FPB and was denied both times. My best friend has similar problems as i do with FPB.

Call in 2 day before the due date and make payments with your debit card instead of online.

Why NOT First Premier? Or whom ever you are?

Why is First Premier charging a $14.50 Monthly Servicing Fee for an account requested to be closed as of June 2014, and “WAS” closed on this date while the account is being paid off. They charge an Interest Fee as well as a MYSTERIOUS Servicing Fee that really just started from no where because you are trying to pay the card off. What’s up with this First Premier? Dishonest is dishonest.

I would like to thank all the people having dealt with this card company. I was about to apply online but before I did, I saw opinions that people had with this company. THANK YOU IN ADVANCE!!! Now I will toss it in the garbage!!!
I have several credit cards anyway and I thought one more will be great. I think I can wait to see who else out there will offer me their cards. I already have 2 Capitol one cards and one with Credit One several clothing store cards and I am also building credit with other companies like Stonberry, Palm Beach Jewelry. There are other ways to build credit, it doesn’t have to be with a credit card.

Amen. I was about to sign up. Thank God for blogs like this.

I usually don’t post on boards, but I just wanted to give my meager two cents for what it is worth. I filed chapter 13 in 2010 my credit scores really stunk across the board 480,491,510. The next year I got this application in the mail from FPB it was offering 500.00 limit for the 175.00 fee. I read the information thoroughly and threw it away. I got another one same offer two months later. I said well I have to start somewhere I did burn several major card issuers in my BK and knew it would be a long road back, so I said screw it ( in nice terms ) I got the card used it for gas and subscriptions to newspapers and magazines I set up the online account which I think I had to pay a fee for when I first signed up. I used the card very little and always paid it off immediately after receiving the bill ( or before) so if I paid interest it never exceeded 3-4 dollars. my scores started going up when I checked 6 months later. Every year I get a 150.00 increase on the card for a fee of coarse which I don’t mind to pay for the greater good it will do down the road. Two years into getting the card I received another card from first premiere with lower interest rate which I don’t care about because I always pay in full, and lower fees and I get the same increases for a fee yearly. After I got the 2nd card I was able to get a card from capital one bank with a 500.00 limit the next month it was a builder card so the limit was never going to change. I had it converted to a quicksilver one card earlier this year and applied for a credit limit increase last month and it was increased to 3800.00 and I also got a credit one visa card the same time as the capital one card with high fees and interest. and a year later (this year) I got a credit one mastercard with lower interest and fees. I stopped using the FPB cards in 2012 when I got the capital one and credit one cards I ran them up to 50% and immediately paid them off, so I pay very very little if any interest monthly.
I still have all for cards open and just last week I got approved for a Barclaycard Rewards Mastercard with a 2500.00 limit.

I pay FPD: 6.25 and 8.25 a month in monthly fees, only to keep them open because they are my oldest open REVOLVING accounts reporting to the bureaus, but not in use. limits 950.00/1100.00

Capital one is 39.00 annually I charge a lot on it and pay it in full monthly to zero limit 3500.00

Credit one: 8.25 a month and zero a month on the mastercard limits 1050/600

Barclaycard 2500.00

My credit FICO scores have gone up to 692/731/701 and my BK still reports with 3 years left to report before it falls off.

I just wanted to share my story with everyone I really think having the sky high fee cards from FPS helped me start to recover on my journey to rebuilding I do plan to close them next year one at a time when I get the limits on my capital one and Barclayscard increased. I know I have paid them a ton of money in monthly fees for having the cards opened for so long but I like the 6 trade lines reporting for now. When I can get approved for Discover and one other card I will start to close them out. You have to start somewhere and if you screwed up before like I did with credit maybe paying the fee will be a reminder that you wouldn’t have to pay such fees if you took better care of your credit.

I know that some people have bad credit because of financial issues out of their control, as did I….Husband lost job mortgage rate (ARM) adjusted out of control things started to get behind no help from lender to adjust or modify so we walked away and filled BK not an easy choice to make but we did it and are better off now and still improving.

I loved this because it seems as though everyone is bashing this card because of the fees, i just applied for this card and got approved but i also have filed bankruptcy and have a credit score of 540. I’ve applied for every other card only to get denied. It seems to me that maybe all of these people bashing the fees should have READ THE TERMS before deciding to go forward with the card. Everything i’ve read here is exactly what I read in the terms. Of course having bad credit i dont have a lot of options for rebuilding my credit so i expect to pay higher interest in fees for a little while to rebuild my credit. I’m hoping this card works out for me.

You are for sure an employee of the company trying to make yourself look better.

So, I have a question. I got a letter from First Premier Bank saying I applied for a card and they want all this information from me: A copy of my driver’s license or birth certificate, documentation of my full social security number, verification of my physical address, such as a utility bill, but it has to be an original, not a copy. They say they can return none of these documents to me. This smacks of an identity theft scam to me. I am curious if anyone that has or had the card in the past was required to provide all this documentation. My other concern is that I never applied for this card, when I checked my current credit score/report (updated today)this company had made no inquiry into my credit history. I would think a company that is looking to give me a card would at least make a credit check?
Thanks. Any insight would be very much appreciated.

these people are crooks. they will send you many cards that you did not apply for. you will only be paying to carry around a piece of plastic. don’t fall for it. they should be shut down

thanks for the info good people and in the trash the application goes.

Please, never take this card. I did and what a mistake. Not only is the interest 36% but the monthly fee just to have the card is 14.50 per month. So, along with the monthly interest charge and the monthly fee for the card it averages to around 50% per year in interest. I cancelled the card and have it almost paid off and I will never, ever deal with these people again. By the way, when I called to cancel the card the woman on the other end argues with me as to why I was cancelling it and it took 10 minutes of arguing to get her to cancel it. NEVER ACCEPT THIS CARD IT IS WAY TOO MUCH MONEY FOR ANYONE TO PAY MONTHY IN STUPID CHARGES. TRY FOR THE CREDIT ONE-THEY ARE PRETTY LEGIT.

Hi Paulette i am in the same boat as you. I Pay my monthly fee and a bit more than what is asked and noticed i have been getting fee 14.50. awful its like nothing lowering my balance. MY question is when you called to cancel were they still going to charge you 14.50 until balance is paid. I mean im up for canceling it as long as they stop the 14.50 and i can just continue to pay off my balance til im done. I hate this card never again.thanks

Man, I dont need another credit card this bad. Anyone applying for this card should try all other options first.

Rodney Britton

FIRST PREMIERE BANK IS WORSE THAN A LOAN SHARK. Never get a CC from these sharks. They will rip you off big time in all kinds of ridiculous fees. They are predatory lenders.

I think premier bank is a good bank, they just want you to be responsible on your monthly obligations, like bills everything on time, that’s why PB is for bad credit, and by paying monthly bill on time your credit score will increase… hmmmmmmmm. High fees?? Like what I’ve said, pay everything on time and everything will be settled and will be on its right place. Don’t blame them, you guys also applied at PB and then you just keep on complaining, if so then don’t apply.

You must work for them because they raise the monthly fee every year. I have made my payments above and beyond the amount due. I have been responsible with this card never going over or right up to the limit so don’t give people the crap about being responsible. Yes this was to build credit but raising the monthly fee to 14.50 a month for a good customer is wrong. This company is slime. Total slime balls.

Bad Bad Deal, their fees make it not worth it!

Michael Baxter

The article is not entirely accurate, but close enough. I DID NOT have to pay a upfront fee of $95 prior to using my card. I was given a card with a $700 limit and a $175.00 annual fee for the first year. That amount was subtracted from my available credit when I activated the card. So they did get their $95 bucks fro me, but I did not have to pay them up front before using the card to make purchases.

Worst credit card company .. They are crooks .Without you even using the card they send you a big bill. If you cancel the card with using it they report it to the credit bureaus as negative ..T

Patricia Tursi

First Premier opened up an online account and my credit tanked because I don’t have a job. I am a identity fraud victim and no credit card company should have issued credit…another company, Capital One, refused the fraudulent application.

The address on the application is 3 doors down from me and our mail is stolen routinely. The postman knows me and delivered the bill and refused application because he delivered by name and not by address. But in spite of bad credit, I was billed for a credit card that First Premier issued to an identity thief.

First Premier was named worst credit card by consumer’s union. The founder is a self-styled philanthropist who robs the poor and gives to organizations so he can be seen as a philanthropist. Bizarre.

Chill Williams

Everything you folks mentioned is true. No one has mentioned anything about a recourse of actions to prevent such scamming practices. I see nothing wrong with making money, but we must take action as a society of not being prey upon of such unethical behaviors. Any suggestions?

tHEY ARE JUST LIKE CROSS COUNTRY BANK,WHO LOANED GAVE CREDIT CRDS TO PEOPLE WITH HORRIBLE CREDIT.THEN CHARGE YOU A LARGE ACTIVATION FEE AND GIVE YOU EXTREMELY HIGH not do business with this company.Wait for 4 -5 years if you have bad credit and begin applYing,with perhaps a 39 yearly fee to begin with at capital one,discovery or American Express.Pay them off on tIme,above the minimum amount and before you know it,keep the total below 50% of the credit limit and you will be notified of a credit raise without even applying for one.Finally negotiate the yearly fees AWAY and your back in business.This Bank,First Premier, is garbage.

I think this credit card is good for someone with really bad credit. After all, people with bad credit pay more for loans, and a credit card is basically a loan. Would you turn down a car loan because the interest is high but the payment is affordable? You need that car, right? I noticed that when I paid twice as much as my monthly payment, I received a credit towards my account. I thought that was nice. What I did not like is when I asked for a credit limit increase, they denied me but in turn offered me another credit card with a higher limit. I am not sure how that works but I will deal with it. I think you need to pick the top 3 credit cards you would like to have and research them. I am 3 years in and I am happy with my cards and their limits.

Good? They are fraudulent.

what can I get since even capitol one denied me?

THIEVES !!!! it is not worth it !!! Build your credit else where RUN AWAY !!!!!!!!!!

NEVER sign your LIFE away to this AWFUL SCAM CREDIT CARD, you’ll REGRET for the rest of your LIFE! Even if you have bad credit never don’t ever get this credit card either! STAY AWAY FROM THESE HUNGRY MONEY PIGS!



Wow I just got this card after reading these comments about premier it makes it very discouraging to know how they really are. I’ve done payed the fee and everything now I don’t know what to do.


Just make sure you make your payments on time and pay more than the minimum amount, do this for six month to a year, and apply for another credit card, once you get another credit card, pay them off and move on.

I think some people are overreacting. If you have bad credit you are going to pay more. With the limits they are offering, the interest really is not that high. The best thing you can do is spend wisely and pay your bill on time. I noticed that when I payed more than the minimum amount, I received a credit on my account. I do admit that if you miss a payment, they will lay on the fees.

*BEWARE!* this place is really a scam! DO YOUR RESEARCH!!


$300 (limit) – $95 (process fee) – $75 (annual fee) – $20 (sneaky monthly maintenance fee) – $6.00 or 5% whichever is greater(cash advance transaction fee) – $35 (late fee) – $35 (returned item charge) – 36% APR of 300 is $108 = DO THE MATH! YOU WILL NEVER COME OUT HAPPY!

i spoke to a woman.. a rude snotty bitch i might add! she instantly asked for my social which i politely declined (i never just give my SS# out without knowing more about the company) and she instantly changed the tone of her fake happy marketing voice ..she said with a attitude “okay fine” then proceeded on to the part where i must pay the 95 before i find out if i am approved.. gave me the guilt trip and said i will not find a deal like this! i laughed and said im not paying that for a 300 credit line..(keep in mind this was a lengthy phone call im just cutting it short lol) i asked her how this really helps build credit? she basically told me to pay the 95 and to find out my self and to stop making stupid choices like Ive made in the past to be in this position(HOW RUDE!)and would not let up on asking for my bank information, how im going to pay and social number again.. i told her no, just stop! this “offer” is bull shit. i feel bad for the people you con into joining. she then snickered “ugh so your not going to pay the fee? im going to cancel your account and you will never be accepted!” HA i said please do!! bye

well i hope my experience prevents it from happening to someone else! AVOID THIS COMPANY DO NOT EVEN CALL THEM!

Wow, thanks you guys. When they accepted my application i got so excited. But before spend any money espically online, I always do a back grand check on the company. As far as building creidt goes they seem legitimate, but all those fees?!. I think I’ll try few other places before I try them. My main goal is to build credit. And I gotta start some where

This company is a predatory credit card company that takes advantage of people desperate for any kind of credit card. These people are scum. Their fees are comparable to a loan shark’s. Any card offers I get from them get trashed but I let them know they can Kiss MY Ass. Beware of these banks my friends.

Don’t go there!!!! Fees !!! Bad service. BS

First premier credit card sucks!!! I never ever applied or received a credit card from this place but they continually call me telling me I didn’t make my payment, I didn’t make a payment because I didn’t get a credit card from them… Who in their right mind would even apply for a credit card from this place with a 36% interest… Don’t apply for credit with these people and if you already have a credit card with them cut it up…. How can they allow someone to apply, receive, and use a credit card with someone else’s identity?

These are not scams if you read it right there
Giving you $300.00 credit application fee $95.00 technology you getting credit its not like your making Deposit of $300.00 down and they tell you to pay on time then you wouldn’t have to worry about interest .

Received their solicitation today and burned it after reading it. It makes less sense than one of those Cash Advance places.

Your exactly right, Fred. The trash is where these cards can go.

I bought into the First Premiere system and totally regret the move. There needs to be someway that consumers are made aware of their tactics. But as the old saying goods, “Let the customer beware.”

These people are okay. But I know after the first year I want nothing to do with them. Pay your balance in full each month and don’t use more than 20% of your credit limit and you will be fine. After you start qualifying for better credit cards drop these guys seriously.

That is exactly my plan! The intrest rates and annual fees are absolutely INSANE!!!!!

First Premier is in business to make money, period. Don’t buy into the “help build credit” hype. They prey on individuals with bad credit in order to make money. I agree with this statement this is a terrible company who really don’t disclose the true charges that you are going to be paying and that is to me a scam.

Great job here bringing the truth! I have never personally dealt with First Premier Bank because I’ve never heard anything positive about them ….period! Even though it’s listed as a good card for bad credit, it’s still something you want to be aware of. At the end of the day it’s your credit so it’s always a good idea to keep a heads up for predatory lenders. Thanks.

I have had this card for over a year, paid on time, and responsibly used. They told me I would be eligible for a credit limit increase on my 13th month of on time payments, and on my 13th month I applied for one. DECLINED. Instead they started billing me $20 a month for a ‘maintenance fee’ plus interest.

I’m not blaming them, because I knew they were a high interest credit card to begin with, but, as soon as I get a few hundred bucks, I’m paying off and closing their card. VERY expensive, and hasn’t done jack to rebuild my credit. Waste of money, stay away!

lots of luck try to pay them in full ,held my my payment so so iwould not cancel to charge me a a late fee

I applied for this card and after being immediately approved, I was sent to the next step in the process which was their $95.00 processing fee. I opted not to pay the up front fee and closed my browser. Two days later I got a call from these people, trying to get me to pay them the $95.00. When I informed the woman on the other end I was not paying an up front fee, she actually tried to GUILT me into paying it.

As it says in the article, the card may not be a “scam” but at 36% APR and the other fees involved, this card is not worth the time and effort.

This company is in business to make money, period. Don’t buy into the “help build credit” hype. They prey on individuals with bad credit in order to make money.

Judie Lindstrom

stay away from these pigs..a credit report from these guys means nothing..