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  • Report:  #6930

Complaint Review: First Premier Bank

First Premier Bank Pre-Approved Gold Mastercard consumer rip-off *REBUTTAL

  • Reported By:
  • Submitted:
    Wed, October 03, 2001
  • Updated:
    Wed, March 27, 2002
  • First Premier Bank
    P.O. Box 5518
    Sioux Falls, South Dakota
    U.S.A.
  • Phone:
    605-331-1201
  • Category:

INFORMATION:
First Premier Bank
Pre Approval Dept.
P.O. Box 5518
Sioux Falls, SD 57117-5518

You have been pre-approved!
Send no money!
No savings account required!
No security deposits required!
Credit limit up to $1,000.00!

Sounds real good for someone with little or shakey credit.
Read the terms.......

Program Fee: $95.00
Account Set-up Fee: $29.00 (one time fee)
Annual Fee: $48.00
Participation Fee $59.40 annually (Will be billed in easy monthly
payments of $4.95 per month)
(So you would always have a balance!)
Additional Card Fee: $20.00 annually

So for the wonderful price of $251.40 you too can have use of this Gold Mastercard from First Premier Bank!!!!

Sounds like a heck of a deal!! :)

First Premier Bank
Click here to read other Rip-off Reports on First Premier Bank

2 Updates & Rebuttals


dawn

port angeles,
Washington,

capitalizing on peoples misfortunes

#3Consumer Comment

Tue, March 26, 2002

I would like to state that there are other credit card solutions for individuals who are trying to be responsible and rebuild their credit. there are no high or hidden fees, you work your way up in limit. don't fall victim to the your a high risk therefore were going to charge you outragous fees with the attidude of your lucky we would even consider you. first premier squeeze some one else.


..it is not a rip off or a scam

#30

Sun, December 30, 2001

They filed the following rebuttal to the above Rip-Off Report:

Their email: hls_32@hotmail.com
Their name: HEIDI

Their relationship to the company: Advocate

Rebuttal:
It is high fees but since they give full disclosure of there fees on the application, it is not a rip off or a scam. people with lousy credit has to expect high fees and high intrest. They do not force anyone to take the card, you have option to go elsewhere. the price to extend credit to high risk people is high.

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