First Premier Bank Premier Bank Do Not Apply For First Premier Card Internet
As of this writing I just cancelled my First Premier Card - actually, I "rejected" the card before paying their exorbitant first annual fee of $175. The subsequent annual fees are $49 PLUS approx $15/mo maintenance fee.
Had I known this fee and the ensuing maintenance fees were so high, I would not have applied. I had no idea this card was structured to "rebuild" "build" credit.
The "specialist" I spoke with to cancel attempted to bully me into keeping it by warning me that "now" the account is open (even though their mailing said I could reject the offer) and that the credit bureau will be told the account was closed immediately.
I still declined and she said she'd close the account today - 1/11/2012.
Please pass this on to anyone who actually may be struggling and need a card. Perhaps, there are other less expensive deposit type options they can use.