Centennial credit cardThe 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.
There are easy requirements for approval; however it does carry some fees. This includes a one time $95 fee, an account set up fee of $29, and an annual fee of $48.

These charges are assessed to your available credit limit. When you receive your card you will have these charges shown on the balance.

Your card will have an initial $250 limit, and a 9.9% APR.

It can come as a MasterCard or Visa; you will decide when you apply. Additionally if you apply online you will have a response to your application within 60 seconds.

If you make your monthly payment on time you can build a positive payment history on your report.

Additionally your utilization ratio is very important. This is the amount of debt you have compared to your available credit. If you can keep your monthly balance at roughly 30% of you limit it will help the most.

This means you want to keep your monthly balance around $75. After six months you will be eligible for a limit increase.

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.

Lately there has been a rise on interest rates, even on good credit cards. The rates have jumped to around 30% and this is without cause. This Means that interest rates are rising even on customers that pay on time.

In sum we suggest you look at all your options. It could be more cost effective to apply for a secured or prepaid credit card. Additionally you might want to focus on repairing your damaged credit report and then apply for a card.

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