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Author
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Topic: Worst Credit Card...Ever
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Doug
rabble-rouser
Babbler # 44
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posted 07 September 2007 03:48 PM
quote:
Meet the Continental Finance MasterCard. After all the fees have been collected, it has a credit limit of $53. From MMMM: Account setup fee: $99 Program participation fee: $89 Annual fee: $49 Account maintenance fee: $120 (charged @ $10/month) Purchase APR: 19.92% Authorized user fee: $30 (great! seems like $53 credit is a bit too much for a single person to handle) Credit limit increase fee: $25 (and you don't even have to ask for it!) Internet payment fee: $4 for each authorized internet payment.
http://consumerist.com/consumer/danger-will-robinson/the-worlds-worst-credit-card-296994.php Once again, it shows it's good to be a banker.
From: Toronto, Canada | Registered: Apr 2001
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Michelle
Moderator
Babbler # 560
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posted 07 September 2007 06:16 PM
That is the most disgusting usury I've ever seen. That, my friends, is the kind of card that poor people, people who have declared bankruptcy and are trying to improve their credit rating again, etc., are stuck with. This is subprime lending at its very worst. That's why it actually costs more to be poor than it does to be middle-income or well-off.It's why I've decided not to open any credit card accounts since getting into horrible financial straits after being unemployed for several months after leaving university and had to get rid of all my cards. Freeze the bastards out, I say. If those of us with even half-decent incomes refuse to support such a usurous industry, then it suffers. I hate the credit industry. I have one credit card in my wallet. It's not my account - it's a secondary card on one of my parents' accounts, for absolutely desperate emergencies or for buying train tickets online. And I even hate IT, and feel dirty for having it.
From: I've got a fever, and the only prescription is more cowbell. | Registered: May 2001
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