Premier Bankcard Sioux Falls South Dakota Overview

Premier Bankcard is a credit card issuer based in Sioux Falls, South Dakota.

The company was founded in 2006 and is known for offering a range of credit card products to consumers.

Premier Bankcard has a strong presence in the credit card industry, with a focus on providing competitive interest rates and rewards programs.

Miles Beacom has been a driving force behind First PREMIER Bankcard's growth and success, leading the organization to over 3.5 million accounts and recognition as one of the largest issuers of MasterCard and Visa cards in the nation.

Miles grew up in Sioux Falls, South Dakota, and attended Dakota State University on a track and cross country scholarship, graduating with a business degree. He began his financial career with Citibank and later moved to First PREMIER Bank in 1989.

Miles has a strong commitment to community involvement, serving on the boards of the Sioux Falls Area Community Foundation, Catholic Foundation of Eastern South Dakota, South Dakota Bankers Association, and the University of South Dakota Beacom School Of Business.

Discover more: Small Business Health Insurance Sioux Falls

First Premier Bank and Premier Bankcard have added $50 million to the Freedom Scholarship program, bringing the total endowment to $225 million. This significant contribution will help more South Dakota students pursue their dreams.

The Freedom Scholarship is a needs-based program that aims to encourage students to live and work in South Dakota after graduation. It's a statewide effort to support students of all economic backgrounds.

Almost 1,300 students accepted Freedom Scholarships during its first year, with awards ranging from $1,500 to $5,000. This financial support has made a real difference in the lives of many students.

The scholarship has already had an impact, with an initial allocation of $5.1 million being distributed to eligible South Dakota institutions this fall. Two months into the semester, the scholarship's impact is being realized by students who need it most.

Merci Arbach, an SDSU student, is one of the students benefiting from the scholarship. She says it has given her "a lot more financial freedom" and is "very amazing" because it helps the community of South Dakota.

Check this out: First National Bank South Dakota

Miles Beacom has been the CEO and President of First Premier Bankcard since 1989. He was hired to develop the PREMIER Bankcard program.

Under his leadership, the PREMIER organization has grown to over 3.5 million accounts. It's now one of the largest issuers of MasterCard and Visa cards in the nation.

Miles employs thousands of people across South Dakota. That's a significant impact on the local economy.

He graduated with a business degree from Dakota State University, where he was on a track and cross-country scholarship. Education is a big theme in Miles' life.

Miles has a strong commitment to community involvement, serving on several boards including the Sioux Falls Area Community Foundation. He leads by example.

Miles credits his childhood speech impediment and athletics for teaching him hard work and dedication. Those traits have served him well in his career.

Miles and his family have made significant contributions to South Dakota's education system, including a $30 million gift to Dakota State University in 2017.