Why We Choose It
The PREMIER Bankcard Mastercard is an unsecured card for building credit, with an initial limit of up to $700. It carries an annual fee of $50 to $125, a program fee of $55 to $95 and a monthly fee of up to $10.40, all based on the credit limit, and a 36% APR. It suits someone who can't get approved elsewhere and will pay in full each month.
Pros & Cons
Pros
- Unsecured: no security deposit
- Initial credit limit up to $700, based on creditworthiness
- Built for building credit
Cons
- Annual fee of $50 to $125, plus a $55 to $95 program fee
- Monthly fee of $0 to $10.40
- 36% APR
