PREMIER Bankcard PREMIER Bankcard Mastercard (unsecured)
A plan byPREMIER Bankcard · Mastercard
PREMIER Bankcard is a subprime UNSECURED credit card on the Mastercard network, issued by First PREMIER Bank in the US, positioned as a last resort when no other option is available. Its fee structure is predatory: a one-time $55-95 program fee, a $75 annual fee in year one ($45 from year two), a monthly servicing fee of $0 in year one then $8.25-10.40/month, an APR around 36% and a 25% fee on every credit-limit increase. First-year cost reaches roughly $170 (about $145/year from year two), with a credit limit of up to about $1,000 largely wiped out by the fees.
PREMIER Bankcard Mastercard (unsecured)
- Price
- €9
- Annual price
- €75
- Issuance fee
- €51
- FX markup
- 0%
- Cashback
- 0%
- Cashback currency
- Nessuno
- Required staking
- Nessuno
- ATM fee
- 5%
- ATM limit
- Not disclosed
- Net annual cost
- €145
What's included
- Subprime unsecured (no deposit)
- One-time $55-95 program fee
- Servicing $0 year 1, then $8.25-10.40/month
- Reports to the 3 credit bureaus
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Mastercard |
|---|---|
| Card type | Credit card |
| APR | 36% |
| Issuance fee | €51 |
| Annual fee | €75/year |
| Free ATM limit | Not disclosed |
| ATM withdrawal | 5% |
| FX markup | 0% |
| Cashback | Not disclosed |
| On-chain settlement | No |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 4/10 |
| Supported countries | US · 1+ countries |
| Estimated net annual cost | €145/year |
| Regulator | FDIC / OCC |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | Bank holding company |
Strengths
- Absolute last resort when no other option is available.
- No notable sovereignty advantage documented.
Weaknesses
- ⚠️ Predatory fees: ~$170 year 1 (program fee + annual fee); APR ~36%; $8.25-10.40/month servicing from year 2; +25% on every limit increase; almost no usable credit limit.
- Traditional credit card: not self-custody — the account requires full KYC, a credit check, and can be closed or reported to credit bureaus by the issuer.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Among the worst verdicts in the category, at tier D, because the fee structure is predatory: up to $228 in costs in the first year, an APR around 36% and fees that almost entirely wipe out the usable credit limit. It is justifiable only as an absolute last resort when no other option exists; FDIC/OCC backing cannot offset such an unfavourable cost-to-value ratio.
On this lens it is practically irrelevant: a custodial, full-KYC Mastercard, FDIC/OCC-regulated and US-only, with no self-custody, on-chain privacy or any trustless trait. The predatory fees that sink the consumer score are not even weighed here, because the lens's fundamentals are entirely missing.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used PREMIER Bankcard, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
History not verifiedWe have not yet completed the incident search for this service: no entries here does not mean no events.
Public reviews
-
App Store ↗
4.8/5
581,420 reviews
'PREMIER Credit Card' app by PREMIER Bankcard, LLC; exact score 4.7546 across 581,420 ratings via the iTunes Lookup API (US). The high score reflects the account-management app, not the product's fee structure. Trustpilot not included: the page blocks automated reading.
Weighted average across 1 public review platform (581,420 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
Is PREMIER Bankcard a safe card?
PREMIER Bankcard is a subprime unsecured credit card on the Mastercard network, issued by First PREMIER Bank (an FDIC-insured institution). It is not a crypto or e-money card. The main risk is not issuer safety but cost: the fees are predatory.
How much does PREMIER Bankcard cost?
A one-time $55-95 program fee, a $75 annual fee in year one ($45 from year two), a monthly servicing fee of $0 in year one then $8.25-10.40/month, an APR around 36% and a 25% fee on every credit-limit increase. First-year cost reaches roughly $170.
Does PREMIER Bankcard offer cashback?
No, PREMIER Bankcard offers no cashback or rewards program.
Is PREMIER Bankcard available in Italy?
No, PREMIER Bankcard is a US-only product and is not available in Italy.
What is PREMIER Bankcard for?
It is a credit-builder card aimed at US consumers with low credit scores: it reports payments to the three major credit bureaus. It should be considered only as a last resort, because of its very high fees.
Sources
- Official service page Plans & pricing · Regulatory framework · Annual cost · Variante credit builder.apr pct min · +2 Data verified on Jun 13, 2026
- firstcard.app Data verified on Jul 14, 2026
- nerdwallet.com Costo netto annuo · Prezzo mensile Data verified on Jul 14, 2026
- omrglobal.com Legal name · Company type · Corporate site Data verified on Jun 14, 2026
Show 4 more sources
- trustpilot.com Trustpilot reviews Data verified on Jun 14, 2026
- wallethub.com ATM fees Data verified on Jun 14, 2026
- cardrates.com Variante credit builder.credit limit eur max Data verified on Jun 13, 2026
- firstpremier.com Founders · Variante credit builder.apr pct max Data verified on Jun 13, 2026