First Premier Credit Card- Things you should know about it

If you are struggling with a bad credit history, then surely you have come across the First Premier Credit Card services. At first glance, it might seem lucrative. But, wait there are things you need to know about them before applying for it.

Premier Credit Cards does not offer you a huge credit limit. Well, it is a good thing as it does not encourage over spending. The goodness ends here as you won’t be able to spend the credit limit provides anyways. It would be used by a number of hidden charges that the services provider charges for the card. If you ignore the terms and condition documents, then before you know you will be ripped off whatever money you might have. The charges are not necessarily hidden and are subject to change. But, to provide you a basic idea of the amount of money you have to use to use it, let me start with the credit limit if offers. Will it is about $300. This is exclusive of the processing fee, annual fee and the APR. The processing fee is about $95 and another $ 75 is the annual fee.  To increase your credit limit by $100 dollar you will have to pay another $50.

Unlike other credit cards, interest is charged from day one itself and it the repayment is not done by due date then a charge of $29 for a balance under $500 is applicable. It increases as your repayment amount increases.

This card is designed for people who are desperate for credit so much so, that they might overlook all the terms and conditions. In the process they would do more harm than good to themselves as clearly these cards will rip off any money that is left with them.

People you had applied for this card aren’t very happy about it as the charges are outrageously shocking and high. If they had ever taken the time to read the terms and conditions properly they wouldn’t have opted for it and could have saved themselves of a lot of troubles. My only piece of advice is stay aware from it.