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A secured credit card is a type of credit card that requires a security deposit to open the account. The cardholder typically makes a one-time refundable security deposit that acts as collateral for the credit card issuer. A secured credit card can be a great option if youre trying to build credit.
Do you have to pay $95 for a first Premier credit card?
Does the PREMIER Bankcard charge an annual fee? Yes, the PREMIER charges an annual fee between $50 and $125 depending on your creditworthiness. Theres also a program fee of $55 to $95 required to open your account but it is not recurring.
What is the security deposit for the First Premier credit card?
Security Deposit A secured credit card is backed by a refundable security deposit2. The initial security deposit for the PREMIER Secured Credit Card is $200. This means if your application is approved, provide $200 to establish your credit limit and open your account.
What does a $200 deposit on a credit card mean?
Myth 1: Your credit card security deposit is nonrefundable Reality: The security deposit on your secured credit card is fully refundable. You can get your security deposit money back if you close your account, so long as you pay your balance in full.
What does a deposit on a credit card mean?
Security deposits are made at the time of account opening. Theyre also a common form of collateral that a borrower looking to build their credit score or establish credit history can put down to support their creditworthiness.
premier security deposit
premier security deposit.net loginPremier security deposit limitFirst premier security depositPremier credit cardFirst PREMIER credit card funds availabilityFirst PREMIER Bank Mobile Deposit funds availabilityFirst Premier credit card program fee waiverPremier Bank Mobile Deposit limit
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