Browsing Tag

personal finance

credit card
Frequently Asked Questions Importance of Credit

How to Be a Responsible Credit Card Holder

September 9, 2016

Getting a credit card for the first time can be exciting and nerve-racking. You may have questions like: Should I pay the minimum balance on the statement, or the entire balance? What happens if I miss a payment? What is APR anyway? How does my credit card use impact my credit score? You likely have many questions our team members have heard before from other customers when they first received their credit cards. That’s why we decided to create this handy guide for first-time credit card holders. Become a smarter credit card user! Read important information you need to know about your new credit card.

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chip card
Identity Theft and Fraud

What the EMV Chip Card Means for You

July 27, 2016

The days of swiping your card in the checkout line may soon be a thing of the past, thanks to EMV chip-enabled credit and debit cards. EMV stands for Europay, MasterCard, and Visa, the three companies responsible for bringing chip-technology standards to the market. If you have a chip-enabled card, you’ll see a visible microchip on it. First PREMIER Bank credit card customers started receiving chip-enabled cards in April 2014. All credit card customers will have a chip-enabled credit card by August 2016. So what does this mean for you?

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disputed transaction
Importance of Credit

A Guide to Disputing Credit Card Transactions

May 2, 2016

It’s easy to misunderstand disputed transactions—especially since they involve each party in the purchasing process: the cardholder, the merchant, and the card issuer. So what is a disputed transaction, and when is it an appropriate step to take? A disputed transaction is an action taken by a credit cardholder to dispute the validity of a charge on his or her account.

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credit score
Importance of Credit

How to Improve Your Credit Score

February 19, 2016

Your FICO® Score provides a quick snapshot of your overall credit health. FICO stands for Fair Isaac Corporation, the founder of the scoring system. The FICO Score is the most used credit score system by lenders. It helps institutions assess how likely you are to repay debt. It can determine whether you get financial assistance and how much the lender will charge you in interest. Your score will range between 300 and 850. The higher the score, the better you’ll look in the eyes of lenders. You should always shoot for a high score. But first, you need to know what to watch out for.

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Credit Reporting

Consumer Credit Reports

July 19, 2013

Many consumers are taking an active role in educating themselves on the importance of their credit history.  Not only is a credit report used to determine creditworthiness, it also can be used as a ‘character yardstick’ which can impact employment opportunities, insurance rates, and interest rates on loans. Free Annual Credit Reports Consumers may obtain free annual credit reports from www.AnnualCreditReport.com. This site allows consumers to review and print their Equifax®, Experian™, and TransUnion® credit reports. Reporting Responsibility We have a responsibility to report accurate information to the consumer credit reporting agencies, and take this responsibility seriously.

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Services and Products

Doing Our Part to Help Cardholders Impacted by Hurricane Sandy

November 7, 2012

We have been touched by the stories of immense courage, hope, and neighborly love we have heard in the wake of the destruction caused by Hurricane Sandy, and we wanted to do our part to assist those whose lives have been impacted. Out of regard and respect for our cardholders facing the devastation of this storm, we would like to announce that we will be refunding any Late Fees incurred for cardholders in FEMA-declared disaster areas during the month of November. These areas include several counties in New York, New Jersey, and Connecticut.

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