Learn how to apply for the Premier Bankcard Mastercard

I’m interested in the Premier Bankcard Mastercard. What are the next steps?

So, once you have become aware of the importance of getting your financial life back on track in a sustainable and balanced way, it is time to decide to become a Premier Bankcard Mastercard holder.

And the good news is that, because it is a card aimed at building credit, it is relatively easy to get a Premier Bankcard Mastercard.

From then on, it will be your ally in this initial stage of your journey, or, as the case may be, in your resumption.

With the Premier Bankcard Mastercard, you will have the opportunity to keep building your credit. Credit limit increases are available after 12 months of responsible use of your card.

Managing a credit card is one way for you to build or rebuild your credit and improve your credit score. To help build good credit, use credit cards regularly and make all your payments on time.

Who can apply?

Recommended credit score for the Premier Bankcard Mastercard is 500. A score of 500 is considered below average, so it is not a difficult card to get.

If you’re one of the millions of people who have struggled to get a credit card, the PREMIER Bankcard Mastercard is an option for building or rebuilding your credit.

How to apply?

To apply for a Premier Bankcard Mastercard, go to the card’s website and then apply now.

From then on it is business as usual: fill out a form with your personal and financial information, and wait to hear from the bank whether you have been approved to receive the card or not.

Is it worth applying for the Premier Bankcard Mastercard credit card?

This card has a specific use case, it serves only one purpose, and that is to build or rebuild your credit.

Many people do not fit this profile. But it is possible that you have had recent default problems with other credit cards and have not been able to recover so far, and are therefore having your applications for other credit cards with more advantages and benefits denied.

In that case, Premier Bankcard Mastercard makes sense for you. It will be your first step on a new journey.

However, one factor that you need to carefully evaluate is the Premier Bankcard Mastercard fees, which are considerably high.

Let’s see what the fees are like by credit limit range:

CREDIT LIMIT	PROGRAM FEE	ANNUAL FEE	MONTHLY FEE	FIRST YEAR FEE TOTAL	SUBSEQUENT YEARLY FEE TOTAL
$300	$95	$75 first year, then $45	$0 first year, then $6.25 per month	$170	$120
$400	$95	$100 the first year, then $45	$0 first year, then $6.25 per month	$195	$120
$500	$95	$125 the first year, then $49	$0 first year, then $10.40 per month	$220	$173.80
$600	$75	$79 first year, then $49	$5.85 per month first year, then $8.25 per month	$224.20	$148
$700	$55	$79 first year, then $49	$8.00 per month first year, then $10.40 per month	$230	$173.80

Premier Bankcard Mastercard credit card vs Indigo Platinum Mastercard

Indigo Platinum Mastercard assists the cardholder in building or rebuilding credit. The Indigo Platinum Mastercard credit card is an especially accessible option for credit builders since it doesn’t require a credit check or security deposit.

Like the Premier Bankcard Mastercard, the Indigo Platinum Mastercard reports to all three major credit bureaus.

It has a low 1% foreign transaction fee – an advantage over the 3% charged by Premier Bankcard Mastercard for transactions abroad.

For new cardholders, Indigo Platinum Mastercard’s $99 annual fee drops to $75 for the first year.

If you are in need of improving your credit, you should give the Indigo Platinum Mastercard credit card a chance.

Premier Bankcard Mastercard pros:

• Card activity reported to credit agencies.
• Free FICO score access.
• High probability of being approved.

Indigo Platinum Mastercard pros:

• Card activity reported to credit agencies.
• No security deposit is required.
• $0 annual fee option for those who qualify.
• 1% foreign transaction fee (a smaller percentage than the average for cards like this.
• Easy to qualify.

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