You cannot go over your First Premier Bank Mastercard credit limit. If you find yourself maxing out your credit card often, a better alternative would be to just ask for a credit limit increase.
OVERDRAFT PRIVILEGE PROGRAM
Premier Bank will authorize and assess an overdraft fee on transactions made by ATM and debit card transactions that will overdraw your account up to a pre-determined limit for eligible consumers. ... Your account will be charged the current fee for each item whether paid or returned unpaid.
WHAT FEES WILL I BE CHARGED IF FIRST PREMIER BANK PAYS MY OVERDRAFT? Under our standard overdraft practices: We will charge you a fee of up to $34 each time we pay an overdraft. Also, we will charge a continuous overdraft fee of $5 per business day.
Unlike a secured card, the First Premier Mastercard requires no security deposit. Yet the card allows you to get approved even with bad credit, qualify for a credit limit as high as $1,000, and to build or rebuild your credit history.
Yes, the First Premier Bank Mastercard does a hard pull on your credit when you apply for it online. You can apply with a bad credit, but a hard pull usually causes your credit score to further drop by 5-10 points.
Yes, you can have more than one First Premier credit card. But keep in mind that First Premier's credit cards have one-time, annual and monthly fees, and also a 36% APR for their unsecured cards and 19.9% for their secured card.
In general, we don't change an account's credit line more often than every 6 months, but that can vary based on account. Please wait several months after your last credit line change before requesting a credit line increase.
You can transfer funds between your First PREMIER Bank accounts by either logging into Online Banking or Mobile Banking and choosing the "Funds Transfer" option under the "Transactions" menu. You can also call Bank-by-Phone at 800-315-6350 or you can call 800-501-6535 to speak to Customer Care.
Banks that allow overdraft
Wells Fargo: A standard overdraft fee of $35 per item will apply; a limit of 3 overdrafts per day. PNC Bank: A standard overdraft fee of $36 per item will apply; a limit of 4 overdrafts per day.
The primary advantage of the First Premier credit card is that applicants with poor credit can still get approved. ... This card also has a grace period of 27 days, so cardholders have time to pay their monthly statement balances in full to avoid interest charges.
Funds availability for First Premier credit cards depends how you sent your payment. If you mailed it, you should allow 7-10 days for your payment to be posted.
The primary appeal of First Premier cards is that they are "unsecured." That means that, unlike secured credit cards, they don't require an upfront security deposit. Minimum deposits for secured cards are typically $200 to $300, and some people simply can't afford to lock up that much money in a deposit.
Using credit cards and paying off your balances every month or keeping balances very low shows financial responsibility. ... More, exceeding your credit card's limit can put your account into default. If that happens, it will be noted on your credit report and be negatively factored into your credit score.
Call your card issuer. Call the number on the back of your card and ask a customer service representative whether you're eligible for a higher credit limit. The rep may ask the reason for your request, as well as whether your income has gone up recently. Look for automatic increases.
Automatic credit limit increase to $500 after making your first 5 monthly payments on time is for card holders that are on the capital one credit steps program.
The PREMIER Bankcard Mastercard Credit Card* is an unsecured card option for people with no credit history or a bad credit score, but we don't recommend this as a credit-building tool.
All of First Premier's cards have annual and monthly fees, decided based on your creditworthiness. ... On the plus side, First Premier reports your activity to the major credit bureaus TransUnion, Experian and Equifax.
Late payments on loans and credit cards can drastically affect your credit score. For example, a collection can lower your credit score by 100 points. Likewise, removing even a single late payment from your report can improve it anywhere between 30 and 100 points!
Pros Explained. Card activity reported to credit agencies: PREMIER Bankcard reports credit card activity to the major credit bureaus—Experian, Equifax, and TransUnion—each month.
You can use your First Premier credit card anywhere Mastercard is accepted because First Premier credit cards are on the Mastercard network. Mastercard is the largest credit card network, accepted in over 210 countries and territories. In the U.S. alone, there are over 10.7 million locations accepting it.
You should have your First Premier Mastercard in hand about 2 weeks after you were approved. If you already got your statement, but not your card, then it might've just gotten lost in the mail. If that's the case, you should definitely call them at 800-987-5521.
Automatic Credit Limit Increase
Some credit card issuers automatically raise your credit limit as you handle credit responsibly. ... Many credit card issuers review accounts periodically and automatically raise the credit limit for cardholders who meet their criteria.
Your credit card company may decide to automatically increase your credit limit. This decision could depend on factors like how long your account has been open and whether you've used your credit responsibly. ... Your credit card company may weigh these along with other factors to decide whether to approve your request.