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PREMIER Bankcard® Mastercard® Credit Card review

 /  9 min
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Snapshot

1.7

Bankrate rating
Rating: 1.7 stars out of 5

Bottom line

The PREMIER Bankcard Mastercard’s approval requirements make it easily accessible to those with bad credit. However, its myriad of fees make it difficult to maximize.
PREMIER Bankcard® Mastercard® Credit Card

PREMIER Bankcard® Mastercard® Credit Card

N/A

Regular APR

See Provider Website

Annual fee

See Provider Website

1.7

Bankrate score

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PREMIER Bankcard® Mastercard® Overview

  • Credit Card With Dollar Sign Icon

    Rewards

  • Credit Card Search Icon

    Rates and fees

  • Credit Fair Icon

    Credit-building features

PREMIER Bankcard Mastercard pros and cons

Pros

  • Checkmark Icon

    A credit limit can possibly start at $700, which may be more than what can be available with a secured card.

  • Checkmark Icon

    The card reports monthly to credit bureaus to help keep track of your credit.

  • Checkmark Icon

    Cardholders are eligible for a credit increase after 12 months with responsible card use.

Cons

  • The card has many recurring fees, including costly monthly and annual fees.

  • The APR is extremely high, even for a credit card designed for poor credit.

  • With no rewards and very few perks, this card offers little long-term value.

Why you might want the PREMIER Bankcard Mastercard

Why you might want a different PREMIER Bankcard Mastercard

How the PREMIER Bankcard Mastercard Credit Card compares to other credit-building credit cards

Image of PREMIER Bankcard® Mastercard® Credit Card

PREMIER Bankcard® Mastercard® Credit Card

Annual fee

See Provider Website

Intro offer

N/A

Rewards rate

N/A

Recommended Credit Score

N/A
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Bankrate Score
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on Capital Bank's secure site

Annual fee

$35

Intro offer

N/A

Rewards rate

Up to 10%

Recommended Credit Score

No Credit History
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Credit One Bank® Platinum Visa® for Rebuilding Credit

Annual fee

$75 for the first year. After that, $99 annually ($8.25 per month)

Intro offer

N/A

Rewards rate

1%

Recommended Credit Score

Bad to Fair (300 – 670)

Who is the PREMIER Bankcard Mastercard right for?

How we rated this card

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50+
cards rated
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500+
data points analyzed
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250+
fees tracked
Credit Card With Star Icon
40+
perks evaluated

Bankrate’s Take — Is the PREMIER Bankcard Mastercard Credit Card worth it?

Frequently asked questions

Written by
India Davis
Editor, Credit Cards
India Davis is an editor specializing in credit cards and updates. She believes in putting the reader first and carrying out a brand’s voice to its fullest potential. She has lived and worked in three different countries and hopes to explore more of the world post-pandemic.
Edited by Editor II, Credit cards

* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.

Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.