The First Premier Bank Gold Mastercard
Previously, we looked at a very bad credit card choice for people with low credit scores. The First Premier Bank Gold Mastercard is a slightly better option. This card offers a great APR, but has a killer up front setup fee. After the initial setup fees are paid, though, the annual fee isn’t too bad.
Pros:
- 9.9% APR
- Gold card
- $48 annual fee
Cons:
- Additional $131 in setup fees
- Minimum payments won’t clear balance over time
- Most cards will only have $71 in spendable credit upon issuance because of fees
The fees are the killer on this card. Since they are up front, it’s like an application fee, and if you don’t have a lot of spare cash flow, then this is not the card for you. It’s not the worst choice available, but it’s not great either. This card scores a 2.5 out of 10.
Have a good low credit score credit card that you like? Let me know by commenting below, and I will review the card.
