First Premiere Bank ripoff Sioux Falls South Dakota

I have read many of the complaints filed against FPB.

Here is my story.

I declared BK back in 1998. At that time, I was close to being totally destitute. I lost everything I had, and that was quite a bit, including multiple homes, a business, family, lots of toys, and more.

Some time soon after my BK was discharged, I received a credit card application from FPB and thought "oh, why not?"

I knew it'd be expensive, and, I spoke to someone on the phone before I moved forward with accepting the card. If I recall, they called me after I had applied, and gave me full disclosure. I agreed to the terms.

The day I received the card, I had an almost $200.00 account balance from various fees, on a credit line of only $300.00. But I had destroyed my credit, and figured this would be a good place to start rebuilding it. So I sucked it up and started using it, and paying it off.... and using it, and paying it off.

Every year since then, on the anniversary of me receiving the card, I call them and request a credit line increase, which I have consistently received. (And yeah, there is a $25.00 "credit line increase fee" which I suck up and pay.)

Some time a few years back, I even applied for a second FPB card (this one a Visa, while my first one was a MasterCard). Same story on the second card..card showed up with a balance, low credit line, yada yada. But I wanted to rebuild my credit, and knew this was the way to do it.

And I did.

9 years after I declared bankruptcy and found myself living on my friend's couch, my credit has been rebuilt.

It's a simple formula: After proving yourself an unreliable and high-risk debtor, you get penalized. You pay your penalties (low credit lines, high interest rates, stupid high fees) and you rebuild your reputation. It's not easy and it's not quick.

And I now have a 730+ FICO and many credit cards at "normal" banks with high limits and low interest. I was also able to buy a 2007 Lexus 16 months ago and drove it off the dealer's lot. (I bust my butt working, and I make decent $$ again, so why not?)

In less than a year, my BK should be removed from my credit report, and I'm expecting my FICO to jump up to almost 800.

Yes, FPB cards are not cheap, but they are not meant to be. They are meant to give you a way to prove your credit worthiness.

They helped my do just that, when nobody in their right mind would have lent me $.02, they gave me a credit card.

I am greatful to them for having believed in me (well...you know what I mean) and I will never close those credit card accounts, even if I have reached their maximum credit line limits and have other "normal" cards that have substantially higher limits.

Thanks FPB

What do they charge us $6.00 a month for?
I was checking my bill to see how much credit I had left after all their fees and found a $7.00 charge from a video store in Anaheim, Ca. Imagine, I live in Wheeling, WV, have a First Premier credit card and I'm in Ca. renting videos. Quaint, huh?
Well, I have to file a dispute with them in order to see if they will take the charge off. I closed the account, it won't happen to me again. And, I'm not paying their yearly fee of $48 either.
They wanted to know why I wanted to close the account. Never, in all my years of having credit cards have I ever found a charge on a credit card that I never made until now.
Watch your statements people. They are theives and why in the heck would someone pick a credit card that is always maxed by First Premier, not me?

$95, $48, $29, and $6 added together equal $178.00.
I too was charged that before I had even gotten my card.
To be fair to the credit card company, though, it does state your fees very clearly before you accept the offer.

there is no "online fee of $178.00" there is a fee to have access to your account online, but it's not $178.00! lmao! just incase you cared, there is a $95 program fee, $29 account set up fee, $48 annual fee, and participation fee of $6 per month. Why don't you consider keeping it? they already pulled your credit report and your paying the fees, why not keep it? at least for the rest of the year? and benefit your credit score by using it responsibly.