First Premier MasterCard
The First Premier credit card is an unsecured card designed expressly for people who have a poor credit score.
It is easy to be approved for the card, but the fees are rather high. Unfortunately, however, if you have a poor credit score, it may be necessary to pay these fees in order to help rebuild your credit.
You may be looking into this card because you are hoping to improve a low credit score. However, you need to be aware that this card will not fix your score; it will only help to create a trail of positive payments.
While negative items remain on your report, you will be unable to dramatically improve your credit score, because these items will always lower your score.
Before opening up new lines of credit, it is a good idea to remove negative items from your credit report. Despite what many people think, you can remove derogatory items from your report.
You can dispute these items directly with the credit bureaus. Once these items are removed from your report, you may be able to apply for and receive a card with lower fees, or even no fees at all.
Positive lines of credit can help to improve a poor credit score, but you need to know that this card will not automatically fix your score. It is important to remember, however, that the negative marks on a credit report are much more damaging.
Additionally with our tough economic times many lending institutions have severely tightened their approval requirements. Frequently you will be denied even if you have just one negative item on your report.
The credit limit for this card is $250 and there is a $95 program fee, a $48 annual fee, an $84 monthly servicing fee (deducted annually) and an account setup fee of $29 associated with the card. These fees are automatically deduced from your available credit when you are issued the card.
Rather than paying these high fees, we recommend improving your score by repairing and removing negative items from your credit report. In addition to being cost-effective, doing this may improve your score enough so that you can get a low-limit card with no fees.
Knowing that your credit score is too low to be approved for anything better can cost you money and damage your self esteem. You are not alone, many people have bad credit, but you don't have to just live with it.
You don't have feel like a second class citizen, there has been legislation passed to help protect you and prevent you from paying outrageous fees. Further there is not a better feeling in the world than hearing those three little words "you are approved" from the loan officer.
It is easy to be approved for the card, but the fees are rather high. Unfortunately, however, if you have a poor credit score, it may be necessary to pay these fees in order to help rebuild your credit.
You may be looking into this card because you are hoping to improve a low credit score. However, you need to be aware that this card will not fix your score; it will only help to create a trail of positive payments.
While negative items remain on your report, you will be unable to dramatically improve your credit score, because these items will always lower your score.
Before opening up new lines of credit, it is a good idea to remove negative items from your credit report. Despite what many people think, you can remove derogatory items from your report.
You can dispute these items directly with the credit bureaus. Once these items are removed from your report, you may be able to apply for and receive a card with lower fees, or even no fees at all.
Positive lines of credit can help to improve a poor credit score, but you need to know that this card will not automatically fix your score. It is important to remember, however, that the negative marks on a credit report are much more damaging.
Additionally with our tough economic times many lending institutions have severely tightened their approval requirements. Frequently you will be denied even if you have just one negative item on your report.
The credit limit for this card is $250 and there is a $95 program fee, a $48 annual fee, an $84 monthly servicing fee (deducted annually) and an account setup fee of $29 associated with the card. These fees are automatically deduced from your available credit when you are issued the card.
Rather than paying these high fees, we recommend improving your score by repairing and removing negative items from your credit report. In addition to being cost-effective, doing this may improve your score enough so that you can get a low-limit card with no fees.
Knowing that your credit score is too low to be approved for anything better can cost you money and damage your self esteem. You are not alone, many people have bad credit, but you don't have to just live with it.
You don't have feel like a second class citizen, there has been legislation passed to help protect you and prevent you from paying outrageous fees. Further there is not a better feeling in the world than hearing those three little words "you are approved" from the loan officer.
About the Author:
Instead we suggest the Total Visa Card an unsecured Bad Credit Cards. For a free credit consultation call 1-800-253-3735.
posted by Debt Consolidation Loan at
2:55 AM
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