Worst credit card ever: First Premier Bank

In all the Visa card research we’ve done, we finally found a credit card that takes the cake: First Premier Bank‘s credit card.

Why is it the worst? The South Dakota-based bank’s interest rate took our breath away:

First Premier annual fee

And here we thought 29.99% was the most we’d ever seen. Hope you enjoy that $10 purchase, because it could cost you $16 on your next bill.

How about fees? First Premier has them in spades:

First Premier fees

How about $75 in annual fees? Or $36 per year even after you close your account? They won’t even consider your application unless you pay that $45 processing fee.

Here’s our favorite:

First Premier internet fee?

An “internet fee”? To manage your account online, you have to pay $4?

It gets better: First Premier’s online application only asks for $95 to get the whole thing processed. Even if you wanted to apply, good luck visiting their site without getting hit with a swarm of pop-up ads:

First Premier Bank has a record of misleading potential customers and engaging in shady credit card practices. Read the fine print on their credit card statements, and it’s not hard to figure out why.

First Premier claims to “lift others up,” but really – with all those fees – they’re tearing your financial life down.

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