Yesterday I wrote about the best all-around credit card. It has great features and benefits. But what’s the other side of the coin?
Via pfdigest we learn about the First Premier MasterCard from First Premier Bank. I won’t even include a link to the card.
- Standard credit limit is $300
- 36% APR
- $75 first-year annual fee, $45 thereafter
- $6.25 monthly fee
- $95 application fee (if approved, it’s treated as a security deposit)
- 25% of every credit line increase is charged as a credit line increase fee
This actually exists.