The importance of credit is significant today; credit scores can be checked when individuals apply for a loan, job, apartment or even a cell phone contract. Less than perfect credit can present a real challenge in today's world. The fact is, millions of Americans have challenges with their credit. For more than 25 years, PREMIER Bankcard, together with our sister organization, First PREMIER Bank, have been providing the possibility for these individuals to obtain a second chance at having a credit card. We do this by offering credit cards to those consumers who might be otherwise rejected by other credit issuers.
Our credit cards are not perfect for everyone. We specialize in credit cards for people with damaged or no credit; this might be the result of past financial problems such as job loss, medical bills, divorce, or a number of other situations. All our credit cards are priced based on risk associated with offering credit to these individuals.
Our approach is much like high-risk auto insurance. If you have a questionable driving record, due to speeding tickets or accidents, you may pay more for insurance. Once your driving record improves, your premiums should come down. The same applies to our credit card. For those who have "accidents" with their credit, there are higher fees associated with the credit card. But as your credit history improves, you may start to qualify for more traditional types of credit with better rates and less fees.
- We are the 12th largest issuer of MasterCard® and VISA® credit cards in the country.
- First PREMIER Bank and PREMIER Bankcard operate independently and are separately funded. PREMIER Bankcard’s credit card loans are self-funded by its cash reserves; no First PREMIER Bank depositor’s money or debt is used to fund the cards.
- United National Corporation, the holding company for First PREMIER Bank/PREMIER Bankcard, has been consistently ranked as one of the top-performing S-corp banks with assets between $100 million and $3 billion by the American Association Banking Journal.