The importance of good credit is significant, as evidenced both in the current increase of free credit reporting services and the standard practice of checking credit scores each time individuals apply for a loan, credit card, job, apartment or even a cell phone contract!
Unfortunately, less than perfect credit impacts millions of Americans today - presenting some very real challenges and limitations. For more than 25 years, PREMIER Bankcard, together with our sister organization, First PREMIER Bank, have provided individuals who may otherwise be rejected by other lenders, the opportunity to obtain a credit card. We specialize in credit cards for people with low credit scores, which may be a result of past financial problems, job loss, medical bills, divorce, poor financial management skills and other causes.
These credit cards are priced based on an individual’s credit risk and are accompanied by higher rates and fees than traditional credit cards. Our objective is to have these customers with us for a relatively short period of time - typically 18 to 24 months, as they work to build their credit. As credit improves through regular, timely payment and other factors, these individuals may then begin to qualify for more traditional types of credit with better rates and lower fees.