I also accepted a First Premier Bank Mastercard, for the same reason as you. I recently completed a Ch 13 plan, and we are both, in effect, paying to repair our credit. I have had no problems with 1st Premier.
Yes, it's true that 1st Premier has outrageous fees. They charge you $7 just to pay them online. They hold back your first payment for about 10 days before they release credit (but they did not count those 10 days as late time). Their initiation fees are absurd. They are rated by many watchdog groups as one of the worst credit card deals out there.
They probably are quick to remind their customers that they are at the bottom of the food chain (to which you can reply, "that makes you a bottom feeder"). I have not had any rude service yet.
One more thing is true: First Premier states all these terms up front, and allows you to return the new card, unused, at no cost. I knew all of this because I read the terms first.
"Big Mistake in Germantown", it's an expensive way to build credit, but as long as you read the agreements (it sounds like you have), you will get what First Premier told you.
Cosenbaugh
Houston, Texas
U.S.A.
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