For those with a limited credit history, the First PREMIER® Bank MasterCard® Credit Card is a solid option for building or re-establishing credit.
What to Like
The First PREMIER® Bank MasterCard® is unsecured, meaning you won’t have to put down a deposit to access your credit. This card reports to all major consumer reporting bureaus, so using it responsibly and making on-time payments could help you build credit.
Look Out For
The First PREMIER® Bank MasterCard® comes with a $95 one-time processing fee and at least a $75 annual fee for the first year. After that, cardholders pay $45 in annual fees and $6.25 or more per month as a processing fee. Like many cards geared toward low credit scores, this card also has a relatively high interest rate.