Centennial Credit Card - Review
The Centennial card is issued by The First Premier Bank a member of the FDIC.
This is an unsecured card created for individuals looking for a second chance.
It has easy approval requirements, but does carry some fees.
Including a one time $95 fee, an account set up fee of $29, and an annual fee of $48.
You will see these charges on your first monthly bill.
They will be charged towards your available credit limit.
Your card will have an initial $250 limit, and a 9.
9% APR.
It can be issued as a MasterCard or Visa, you decide.
When you apply online you will get a response within 60 seconds of submitting your application.
If you make your monthly payment on time you can build a positive payment history on your report.
Your utilization ratio is also an important factor in your score.
This is the amount of debt you have compared to how much available credit you have.
Your score will get the most benefit if you can keep your balance at roughly 30% of you limit.
In other words a $250 limit, you want to keep your balance at $75.
You will be eligible for a limit increase after six months.
The First Premier Bank is a member of the Better Business Bureau.
They are located in Sioux Falls, South Dakota and have issued cards to over 3 million people.
It is accepted everywhere you see the Visa or MasterCard logo displayed.
To qualify you must be over 18 years of age and have a valid social security number.
Recently we have seen a rise in interest rates even with prime lending.
Some rates have jumped to an outrageous 30% without cause, meaning the customer did not pay late.
In sum we suggest you look at all your options.
It could be more cost effective to apply for a secured or prepaid card.
Additionally you might want to focus on repairing your damaged credit report and then apply for a card.
This is an unsecured card created for individuals looking for a second chance.
It has easy approval requirements, but does carry some fees.
Including a one time $95 fee, an account set up fee of $29, and an annual fee of $48.
You will see these charges on your first monthly bill.
They will be charged towards your available credit limit.
Your card will have an initial $250 limit, and a 9.
9% APR.
It can be issued as a MasterCard or Visa, you decide.
When you apply online you will get a response within 60 seconds of submitting your application.
If you make your monthly payment on time you can build a positive payment history on your report.
Your utilization ratio is also an important factor in your score.
This is the amount of debt you have compared to how much available credit you have.
Your score will get the most benefit if you can keep your balance at roughly 30% of you limit.
In other words a $250 limit, you want to keep your balance at $75.
You will be eligible for a limit increase after six months.
The First Premier Bank is a member of the Better Business Bureau.
They are located in Sioux Falls, South Dakota and have issued cards to over 3 million people.
It is accepted everywhere you see the Visa or MasterCard logo displayed.
To qualify you must be over 18 years of age and have a valid social security number.
Recently we have seen a rise in interest rates even with prime lending.
Some rates have jumped to an outrageous 30% without cause, meaning the customer did not pay late.
In sum we suggest you look at all your options.
It could be more cost effective to apply for a secured or prepaid card.
Additionally you might want to focus on repairing your damaged credit report and then apply for a card.
