From those wonderful folks who brought you the 79.9% APR credit card...
$400 a year fees.
On the bright side, the interest rate has been slashed to a low, low 36%.
http://finance.yahoo.com/news/first-premiers-400-credit-card-104500487.html
First Premier's Platinum card, aimed at consumers with poor credit, not only boasts a sky-high 36% APR but it also comes loaded with some of the highest fees in the credit card industry, said Odysseas Papadimitriou, CEO of CardHub....
The nastiest fee is the "Credit Limit Increase Fee." Customers pay the fee each time their credit limit is increased. Papadimitriou said he knows of no other card company that charges such a fee.
When First Premier increases a customer's credit limit, it charges 25% of the amount by which the limit is increased. Customers can apply for a credit limit increase any time, but can't receive an increase until they have been a customer for 13 months. Increases range between $100 and $200....
"I worry that a lot of consumers get solicitations from (First Premier) and think it's their only option -- they say: 'At least this place is giving me a chance'," said Arnold. "But while (First Premier) is bragging about helping people back on their feet, they're in fact beating people when they're down."
Any state Attorneys General who may be lurking are hereby strongly encouraged to prosecute these usurious scumbags to the fullest extent of the law.