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Digital News Report – The downturn in the economy has made it harder for some Americans to qualify for credit cards. Not long ago millions of card offers were sent out in the mail, but today that number has turned to a trickle. But there is a solution for those facing credit troubles.
Even with bad or poor credit, customers may still be able to qualify for a credit card and rebuild their credit score. Credit cards have become a necessity for renting cars, hotels and may even double as a second form of identification.
The First PREMIER® Bank Secured Credit Card is a credit card, not just a debt card. According to the First Premier Bank, the card is available to customers with poor credit, bad credit or no credit history.
The card can be secured with $200 up to $5,000, and you can build a higher limit “over time”. The bank will report your monthly payments to the major Consumer Reporting Agencies. This means, if you pay the amount due each month, you can improve your credit score.
The card has an annual percentage rate (APR) of 19.9 percent for purchases. There is also a $50 annual fee and the initial available credit will not exceed $150 (based on an initial credit limit of $200).
By: Tina Brown
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