Learn how to apply for the Premier Bankcard Mastercard
After realizing the significance of restoring your financial stability, it is essential to proceed with applying for the Premier Bank Card Mastercard.
Getting Started with the Premier Bankcard Mastercard
If you’re looking to rebuild your credit and want to become a Premier Bankcard Mastercard holder, there are a few steps you need to take.
The Premier Bankcard Mastercard is designed to help individuals build credit, so it is relatively easy to obtain.
Once you have the Premier Bankcard Mastercard, it will become a valuable tool in your financial journey, whether you’re starting fresh or picking up where you left off.
This credit card offers the opportunity to continue building your credit. After 12 months of responsible use, you may be eligible for credit limit increases.
Using a credit card responsibly is one way to improve your credit score. Make regular credit card payments on time to build good credit.
Who Can Apply for the Premier Bankcard Mastercard?
The recommended credit score for the Premier Bankcard Mastercard is 500. This score is considered below average, making it an accessible card for many individuals.
If you’ve had difficulty obtaining a credit card in the past, the PREMIER Bankcard Mastercard is a good option for building or rebuilding your credit.
How to Apply for the Premier Bankcard Mastercard
To apply for a Premier Bankcard Mastercard, visit the card’s website and click on “apply now”.
Fill out the application form with your personal and financial information, and wait for a response from the bank regarding your approval status.
Is the Premier Bankcard Mastercard Worth It?
The Premier Bankcard Mastercard has a specific purpose: to help individuals build or rebuild their credit.
If you’ve had recent issues with other credit cards and have been denied for cards with more benefits, the Premier Bankcard Mastercard can be a good first step in your credit journey.
However, it’s important to carefully evaluate the fees associated with the Premier Bankcard Mastercard, as they can be quite high.
Here’s an overview of the fees based on credit limit range:
| CREDIT LIMIT | PROGRAM FEE | ANNUAL FEE | MONTHLY FEE | FIRST YEAR FEE TOTAL | SUBSEQUENT YEARLY FEE TOTAL |
|---|---|---|---|---|---|
| $300 | $95 | $75 first year, then $45 | $0 first year, then $6.25 per month | $170 | $120 |
| $400 | $95 | $100 the first year, then $45 | $0 first year, then $6.25 per month | $195 | $120 |
| $500 | $95 | $125 the first year, then $49 | $0 first year, then $10.40 per month | $220 | $173.80 |
| $600 | $75 | $79 first year, then $49 | $5.85 per month first year, then $8.25 per month | $224.20 | $148 |
| $700 | $55 | $79 first year, then $49 | $8.00 per month first year, then $10.40 per month | $230 | $173.80 |
Premier Bankcard Mastercard vs. Indigo Platinum Mastercard
The Indigo Platinum Mastercard is another option for individuals looking to build or rebuild their credit. It doesn’t require a credit check or a security deposit.
Similar to the Premier Bankcard Mastercard, the Indigo Platinum Mastercard reports to all three major credit bureaus.
Unlike the Premier Bankcard Mastercard, the Indigo Platinum Mastercard has a lower foreign transaction fee of 1%.
For new cardholders, the Indigo Platinum Mastercard offers a reduced annual fee of $75 for the first year.
If improving your credit is your goal, the Indigo Platinum Mastercard could be a suitable choice.
Pros of the Premier Bankcard Mastercard:
- Card activity reported to credit agencies.
- Access to free FICO scores.
- High approval likelihood.
Pros of the Indigo Platinum Mastercard:
- Card activity reported to credit agencies.
- No security deposit required.
- Potential for a $0 annual fee.
- 1% foreign transaction fee (lower than average for similar cards).
- Easy qualification.
