29:
257:
First
Premier Bank's CEO, Dana J. Dykhouse, was referenced in a 2014 piece in the Argus Leader as belonging to a group of would-be local benefactors who the author wrote, "should quit gouging poor people who can't make it from paycheck to paycheck, or don't qualify for regular credit cards. ... Loan
221:
The typical First
Premier Bank MasterCard user uses the card for about 18 months before transitioning to another card with better terms. Sanford described the company as providing a "lifeline" for those with poor credit.
237:
In 2007, the bank settled a case with the New York
Attorney General, who claimed that the bank used deceptive practices to market its credit cards. As part of the settlement, the bank paid $ 4.5 million.
607:
377:
436:
270:, a personal finance website, ranked the First Premier Bank MasterCard poorly, giving it 1 star out of 5. He wrote that the card had excessive fees, a low credit limit, and a high
585:
413:
538:
214:. In 2020, Sanford was being investigated for possession of child pornography. Investigators obtained a search warrant prior to referring the case to the
603:
403:
229:
for allowing customers to view rates and terms, as well as for enabling users to review the card. However, the lawsuit was dropped a few months later.
246:
As of
December 2010, First Premier Bank was reportedly offering a credit card with a 79.9% interest rate and a $ 300 limit. This was cited by Senator
454:
367:
582:
628:
468:
505:
667:
527:
215:
297:
282:- Two 2023 Gold Stevie Awards: Contact Center of the Year and Front-Line Customer Service Team of the Year.
175:
73:
288:- Best Banks to Work For - American Banker Magazine 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022
583:
http://www.c-span.org/Watch/Media/2010/12/10/HP/A/41780/Sen+Sanders+Held+a+Tax+Cut+Filibuster.aspx
565:
271:
318:
258:
sharks who charge an obscene profit just because they can don't make good community leaders."
346:
8:
323:
448:
495:
352:
211:
589:
408:
63:
571:
taken down links to First
Premier from its sites, CardHub.com and WalletHub.com.
247:
146:
560:
225:
In 2014, it was announced that First
Premier Bank had filed a lawsuit against
661:
191:
437:"Billionaire T. Denny Sanford Was Under Investigation for Child Pornography"
368:"Billionaire T. Denny Sanford Was Under Investigation for Child Pornography"
199:
179:
77:
28:
187:
404:"America's Worst Credit Card: First Premier Bank's Dubious Distinction"
372:
285:- Bronze 2023 Stevie for Customer Service Management Team of the Year.
251:
183:
113:
632:
267:
195:
226:
500:
650:
125:
210:
The bank was founded in 1986 and is owned and controlled by
104:
561:"Lender Drops Challenge to Credit-Card Comparison Website"
469:"Sanford cleared in South Dakota child porn investigation"
160:
532:
528:"Card comparison site gets sued for showing rates, fees"
194:. The bank is known for specializing in a wide range of
198:
credit cards that are marketed to individuals with low
604:"Letter: Community benefactors reap profits from poor"
366:
Faturechi, Robert; Arnsdorf, Isaac (August 28, 2020).
319:"Bank to Pay $ 4.5 Million to Settle Suit Over Cards"
365:
659:
250:as an example of what he called "extortion and
218:. Sanford was cleared of charges in May 2022.
316:
453:: CS1 maint: multiple names: authors list (
629:First PREMIER® Bank Mastercard Credit Card
553:
338:
27:
310:
274:, making it a bad choice for most users.
232:
660:
610:from the original on September 2, 2020
493:
416:from the original on September 2, 2020
401:
631:by John Kiernan, Credit Card Editor,
592:Senator Bernie Sanders Speech 3:01:10
601:
494:Whelan, David (September 22, 2007).
434:
397:
395:
380:from the original on August 31, 2020
402:Shenon, Philip (October 19, 2010).
216:United States Department of Justice
13:
435:Arnsdorf, Robert Faturechi,Isaac.
14:
679:
642:
541:from the original on May 18, 2017
508:from the original on July 8, 2015
392:
348:First Premier Bank to Pay Penalty
317:John Sullivan (August 16, 2007).
96:Dave Rozenboom (President - Bank)
622:
602:Nipe, Sue (December 18, 2014).
595:
576:
266:In April 2018, John Kiernan of
520:
487:
461:
428:
359:
91:Miles Beacom (CEO - Bankcard)
1:
303:
298:First National Bank of Norden
241:
94:Dana Dykhouse (CEO - Bank)
7:
668:Banks based in South Dakota
291:
151:United National Corporation
10:
684:
261:
205:
277:
155:
145:
135:
123:
119:US$ 24.95 million (2016)
111:
100:
89:T. Denny Sanford (Owner)
83:
69:
59:
51:
43:
35:
26:
635:website, June 8th, 2022
566:The Wall Street Journal
16:South Dakota based bank
272:annual percentage rate
233:Legal actions against
131:US$ 3 billion (2023)
569:. January 12, 2015.
107:87.65 million (2016)
64:Thomas Denny Sanford
174:, headquartered in
137:Number of employees
23:
588:2010-12-14 at the
344:AP Story/NYTimes:
324:The New York Times
182:, is an issuer of
172:First Premier Bank
22:First Premier Bank
21:
169:
168:
675:
654:
653:
651:Official website
636:
626:
620:
619:
617:
615:
606:. Argus Leader.
599:
593:
580:
574:
573:
557:
551:
550:
548:
546:
524:
518:
517:
515:
513:
491:
485:
484:
482:
480:
465:
459:
458:
452:
444:
432:
426:
425:
423:
421:
399:
390:
389:
387:
385:
363:
357:
356:
353:Associated Press
342:
336:
335:
333:
331:
314:
212:T. Denny Sanford
165:
162:
128:
31:
24:
20:
683:
682:
678:
677:
676:
674:
673:
672:
658:
657:
649:
648:
645:
640:
639:
627:
623:
613:
611:
600:
596:
590:Wayback Machine
581:
577:
559:
558:
554:
544:
542:
526:
525:
521:
511:
509:
492:
488:
478:
476:
467:
466:
462:
446:
445:
433:
429:
419:
417:
409:The Daily Beast
400:
393:
383:
381:
364:
360:
345:
343:
339:
329:
327:
315:
311:
306:
294:
280:
264:
244:
235:
208:
159:
138:
124:
116:
86:
39:Private Company
17:
12:
11:
5:
681:
671:
670:
656:
655:
644:
643:External links
641:
638:
637:
621:
594:
575:
552:
519:
486:
475:. May 27, 2022
460:
427:
391:
358:
337:
308:
307:
305:
302:
301:
300:
293:
290:
279:
276:
263:
260:
248:Bernie Sanders
243:
240:
234:
231:
207:
204:
167:
166:
157:
153:
152:
149:
143:
142:
139:
136:
133:
132:
129:
121:
120:
117:
112:
109:
108:
102:
98:
97:
87:
84:
81:
80:
71:
67:
66:
61:
57:
56:
53:
49:
48:
45:
41:
40:
37:
33:
32:
15:
9:
6:
4:
3:
2:
680:
669:
666:
665:
663:
652:
647:
646:
634:
630:
625:
609:
605:
598:
591:
587:
584:
579:
572:
568:
567:
562:
556:
540:
536:
535:(cbsnews.com)
534:
529:
523:
507:
503:
502:
497:
496:"Dying Broke"
490:
474:
470:
464:
456:
450:
442:
438:
431:
415:
411:
410:
405:
398:
396:
379:
375:
374:
369:
362:
354:
350:
349:
341:
326:
325:
320:
313:
309:
299:
296:
295:
289:
286:
283:
275:
273:
269:
259:
255:
253:
252:loan sharking
249:
239:
230:
228:
223:
219:
217:
213:
203:
201:
200:credit scores
197:
193:
192:United States
189:
185:
181:
177:
173:
164:
158:
154:
150:
148:
144:
140:
134:
130:
127:
122:
118:
115:
110:
106:
103:
99:
95:
92:
88:
82:
79:
75:
72:
68:
65:
62:
58:
54:
50:
46:
42:
38:
34:
30:
25:
19:
624:
612:. Retrieved
597:
578:
570:
564:
555:
545:September 2,
543:. Retrieved
531:
522:
510:. Retrieved
499:
489:
477:. Retrieved
473:KELOLAND.com
472:
463:
440:
430:
420:September 2,
418:. Retrieved
407:
384:September 1,
382:. Retrieved
371:
361:
347:
340:
328:. Retrieved
322:
312:
287:
284:
281:
265:
256:
245:
236:
224:
220:
209:
188:credit cards
180:South Dakota
171:
170:
161:firstpremier
126:Total assets
93:
90:
78:South Dakota
70:Headquarters
36:Company type
18:
227:cardhub.com
176:Sioux Falls
74:Sioux Falls
441:ProPublica
373:ProPublica
304:References
242:Criticisms
184:MasterCard
114:Net income
85:Key people
633:WalletHub
614:April 15,
479:April 11,
330:August 4,
268:WalletHub
662:Category
608:Archived
586:Archived
539:Archived
506:Archived
449:cite web
414:Archived
378:Archived
355:(APnews)
292:See also
196:subprime
44:Industry
512:July 7,
262:Reviews
206:History
190:in the
156:Website
101:Revenue
60:Founder
52:Founded
47:Banking
501:Forbes
278:Awards
186:brand
147:Parent
141:2,300
616:2016
547:2020
514:2015
481:2023
455:link
422:2020
386:2020
332:2022
163:.com
105:US$
55:1986
533:CBS
254:".
664::
563:.
537:.
530:.
504:.
498:.
471:.
451:}}
447:{{
439:.
412:.
406:.
394:^
376:.
370:.
351:,
321:.
202:.
178:,
76:,
618:.
549:.
516:.
483:.
457:)
443:.
424:.
388:.
334:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
