CorTrust Bank, N.A. Informative - First Premier Bank finds a new name (CorTrus Bank, N.A.)

Review by Mario The Great on 2008-08-09
I just received a PRE-APPROVED MasterCard offer from CoreTrust. This is the first time that I've seen them and just wanted to share some information. This bank is the same bank as First Premier Bank from South Dakota.

I compared an offer from both banks and they are 100% identical. Here's the skinny:

Initial credit limit of $250
APR 18.9%
One-Time Acceptance Fee - $119
Annual Cardholder Fee - $50
Monthly Participation Fee - $72 Annualized
Late Fee - $29
Overlimit Fee - $29
Replacement CArd Fee - $20
Credit Limit Increase Fee - $25
Annual Additional Card Fee - $20
Returned Payment Fee - $29
Copy Fee - $5 per page
Rush Delivery Fee - $18
ACH Autopay Fee - $5

The Address for both are
POB 5431
Sioux Falls, SD 57117-5431

Wow, don't fall into their trap. Even if you have a ZERO balance, you must pay $6.00 a month + interest just to have the less than privilege to carry it. These guys are thieves of the lowest kind.

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