PREMIER Bankcard Premier Bankcard Secured
A plan byPREMIER Bankcard · Mastercard
Premier Bankcard is a credit-builder card on the Mastercard network, regulated by the FDIC and OCC, positioned as a last resort when no other option is available. Its fee structure is predatory, however, with costs up to $228 in the first year and an APR around 36%, while fees leave almost no usable credit limit.
Premier Bankcard Secured
- Price
- €6
- Annual price
- €75
- Issuance fee
- €51
- FX markup
- 0%
- Cashback
- 0%
- Cashback currency
- Nessuno
- Cashback cap
- Free
- Required staking
- Nessuno
- ATM fee
- 5%
- ATM limit
- N/D
- Net annual cost
- €50
What's included
- Refundable deposit
- Subprime
- Reports a 3 bureau
- Mastercard
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Mastercard |
|---|---|
| Fund custody | Custodial (platform holds funds) |
| Issuance fee | €51 |
| Annual fee | €75/year |
| Free ATM limit | N/D |
| ATM withdrawal | 5% |
| FX markup | 0% |
| Cashback | — |
| On-chain settlement | No |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 4/10 |
| Supported countries | US · 1+ countries |
| Estimated net annual cost | €50/year |
| Regulator | FDIC / OCC |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | Bank holding company n/a (US) |
Strengths
- Ultima risorsa absolute se no'altra opzione available.
- No notable sovereignty advantage documented.
Weaknesses
- ⚠️ Fee predatory: up to $228 year 1; APR ~36%; no autopay; credit limit residuo almost nullo.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (n/a (US)): reporting to authorities and freezes on order.
Verdict
Premier Bankcard is a credit-builder card on the Mastercard network, regulated by the FDIC and OCC, positioned as a last resort when no other option is available. Its fee structure is predatory, however, with costs up to $228 in the first year and an APR around 36%, while fees leave almost no usable credit limit.
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.
FAQ
Is PREMIER Bankcard a safe card?
PREMIER Bankcard is a custodial card on the Mastercard network. As a payment card, loaded funds are e-money and are not covered by a bank deposit-guarantee scheme. Fund custody is custodial.
How much does PREMIER Bankcard cost?
The fee is €5.75 (mensile). Issuance costs €50.6. The FX markup is 0% (no surcharge). See the tier table for full conditions.
Does PREMIER Bankcard offer cashback?
PREMIER Bankcard does not offer crypto cashback.
Is PREMIER Bankcard available in Italy?
No, PREMIER Bankcard is not currently available in Italy.
Is PREMIER Bankcard custodial or self-custody?
PREMIER Bankcard uses a custodial model. Funds are held by the issuer: you do not have direct control of the private keys.
Sources
- Official service page Plans & pricing · Regulatory framework · Annual cost · Variante credit builder.apr pct min · +2 Data verified on Jun 13, 2026
- omrglobal.com Legal name · Company type · Corporate site Data verified on Jun 14, 2026
- trustpilot.com Trustpilot reviews Data verified on Jun 14, 2026
- wallethub.com ATM fees Data verified on Jun 14, 2026
Show 2 more sources
- 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