Centennial Credit Card - Review
The Centennial card is created for individuals with a low credit score. It is issued by the First Premier Bank a member of the FDIC.
It offers easy approval and thus has some fees. These include a one time account set up fee of $29, $48 annual fee, and a one time $95 fee.
These fees will be charged against your available credit. Meaning when you are issued your card, you will have these fees on your balance.
Your card will have an initial $250 limit, and a 9.9% APR.
It is issued as a Visa or MasterCard your choice. If you apply online you will have an application response in less than 60 seconds.
If you make your monthly payment on time you can build a positive payment history on your report.
Additionally your utilization ratio is very important. This is the amount of debt you have compared to your available credit. If you can keep your monthly balance at roughly 30% of you limit it will help the most.
If your card has a limit of $250 then you want to keep the monthly balance around $75. After you have paid on time for 6 months you will be eligible for a limit increase.
The First Premier Bank has issued cards to over 3 million people. They are a member of the Better Business Bureau and are located in Sioux Falls, South Dakota.
Your card is accepted everywhere the Visa or MasterCard logo is seen. You can qualify for the card if you are over 18 years old and have a valid social security number.
As of late, we have seen a jump in interest rates even on prime credit cards. These rates are increasing to close to 30%, and without fault. This means even with on time payments the good credit cards are raising their interest rates to 30%.
In sum we suggest you look into all your options for credit. It may make more sense to do some work on removing negative marks or apply for a secured or prepaid card instead.
It offers easy approval and thus has some fees. These include a one time account set up fee of $29, $48 annual fee, and a one time $95 fee.
These fees will be charged against your available credit. Meaning when you are issued your card, you will have these fees on your balance.
Your card will have an initial $250 limit, and a 9.9% APR.
It is issued as a Visa or MasterCard your choice. If you apply online you will have an application response in less than 60 seconds.
If you make your monthly payment on time you can build a positive payment history on your report.
Additionally your utilization ratio is very important. This is the amount of debt you have compared to your available credit. If you can keep your monthly balance at roughly 30% of you limit it will help the most.
If your card has a limit of $250 then you want to keep the monthly balance around $75. After you have paid on time for 6 months you will be eligible for a limit increase.
The First Premier Bank has issued cards to over 3 million people. They are a member of the Better Business Bureau and are located in Sioux Falls, South Dakota.
Your card is accepted everywhere the Visa or MasterCard logo is seen. You can qualify for the card if you are over 18 years old and have a valid social security number.
As of late, we have seen a jump in interest rates even on prime credit cards. These rates are increasing to close to 30%, and without fault. This means even with on time payments the good credit cards are raising their interest rates to 30%.
In sum we suggest you look into all your options for credit. It may make more sense to do some work on removing negative marks or apply for a secured or prepaid card instead.
About the Author:
For more info about Easy Credit Cards visit us or for a review of the Account Now Visa a prepaid card that allows you to borrow money.
posted by Debt Consolidation Loan at
2:13 PM
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