First Premier Bank Gold MasterCard.

**sophie** · March 12th, 2008, 02:25 PM

First Premier Bank Gold MasterCard is supposedly a good card for people with very bad credit. My co worker Nancy has the worst credit, she had a foreclosure and owes a personal bank loan and her car got repossessed. She applied for this card which has a 9.9% APR and got it.

**stiletto** · March 12th, 2008, 04:03 PM

Hi Sophie. I actually had 2 First Premier credit cards and closed both of them out. I did not care for the crazy fees that they have. I think they give you that low rate because they have all those fees. My credit limit was $350. When I recieved the card, I only had a balance of $120. They charged a processing fee and and annual fee upfront. They also charged a monthly manitance fee of $5.75. So you can get a low APR, but it comes with a price.

**Finance Globe** · March 12th, 2008, 11:29 PM

Since we're on the subject, I was able to get an exclusive 7.9 fixed apr for the Platinum card by First Premier. I believe that this will end this month. The card still has the fees, but some that have been considering this card may be interested.
http://www.financeglobe.com/Finance/card894.php

**sophie** · March 13th, 2008, 09:15 AM

Sorry you have had this experience with all of the fees. I thought it was a good option for people trying to rebuild their credit. With the fixed fee now available I still think this is a viable option.

**hjm331** · March 13th, 2008, 09:32 AM

They help you prove and build a good payment history which other lenders look for. I wouldn't suggest this card if you don't need it. But if you don't mind paying the fees, then it's alright I guess.

**leighdu** · March 15th, 2008, 10:25 AM

This is a great card for people that cannot get approved for anything else. I had a First Premier card a while back because I thought I wouldn't be able to get approved for anything. Of course I did get approved, but I do agree with everyone else about the fees. They are horrible. But then again that is the price you have to pay most times for bad credit. The good thing is that this card will help build up your credit score, and you can then cancel it and get a card that doesn't charge so many ridiculous fees.

**Attagirl** · March 17th, 2008, 01:55 PM

Originally Posted by 101119

Hi Sophie. I actually had 2 First Premier credit cards and closed both of them out. I did not care for the crazy fees that they have. I think they give you that low rate because they have all those fees. My credit limit was $350. When I recieved the card, I only had a balance of $120. They charged a processing fee and and annual fee upfront. They also charged a monthly manitance fee of $5.75. So you can get a low APR, but it comes with a price.

I too did this. My big problem was there were additional fees that they were charging me on the card and so I cancelled the card and never used it. They still put that I owe them the initial charges for the fees even though they said I would not be charged for those fees since the card was canceled and was not used.

**Meya** · March 17th, 2008, 06:38 PM

That is why it is best to stay away from these types of cards. If no one else will accept you (that does not have the rediculous fees) then I would go to my local bank and get a secured card. Bofa has a cool secured card and so does cap1, they both will (in return) reverse your card over to an unsecured within 6 months to a year. It better to put money in your own pot than starting off in the hole.

**sophie** · March 18th, 2008, 12:45 PM

I know someone who has had this card and used it to build their credit. I am sorry all of you experienced this, please read the fine print before signing up for a card and try mot o act surprised when you don’t.

**dreamr802** · April 14th, 2008, 09:46 AM

I had a first premier card but I closed the account because of the fees. They were too outrageous. I wish there was a credit card for people with bad credit so then they don't get slammed with fees.

**hjm331** · June 26th, 2008, 11:24 PM

It's still a lot better than paying the up-front fees for cards like First Premier.

**KMoney** · June 27th, 2008, 11:48 AM

I know thats right because that first premier is one hot mess

**hjm331** · June 27th, 2008, 11:50 AM

I'd recommend having a secured card than a First Premier Bank card. The same amount of money that you put into a First Premier Bank, you get it back with a secured card within 6-12 months depending on your payment history.

**KMoney** · July 26th, 2008, 02:56 PM

I received a letter from first premier for a gold mastercard. They said the initial CL is $200 and your available credit will be $50. So I guess $150 are in fees

. I know I am reestablishing my credit but I don't need a deal like that hot mess

**Meya** · July 26th, 2008, 04:03 PM

I dont blame you. See what people dont realize is that, those types of cards are undercover secured cards. They want $150 in fees and if you finance that, it would be more than what bofa ask for which is $300. For get the fees, I wish members or anyone would just take the $300 to a well known teir one bank and start off as secured. Those cards give you limits for candy bars and then make you feel good because you have some plastic in your pocket, give me a break.

Major banks know who these rip of cards are when the put thier name on your cr (reporting), so they know who you are dealing with and they know that mistakes are made pretty often with those below the barrell cards which put you right back in the spot you came from.

This is just my opinion, and I am not out to speak bad about anyone who owns the card, I just hate for them to mess over people and soak thier minds into the finance industry.