How would you feel if you got a $250 credit card that was only good for $52?
It seems that after having had a social security number for 12 months, and presumably 12 months worth of non-heinous financial activity, we're now on the pre-screened credit card offer bandwagon.
We're getting multiple offers from all sorts of credit card companies on a near-daily basis. Some are so insistent that they continue to send us offers after we've elected to take them up on them.
It certainly pays to read the fine print for the offers. Take today's gem (reformatted for clarity):
| Account setup fee | $29 |
| Program fee | $95 |
| Annual fee | $48 |
| (Annual) participation fee | $72 ($6 per month) |
| Additional card fee (per card) | $20 |
| Unbelievable grand total: | $198 |
That $198 is what you get charged to your card in the first month, if you choose to get two cards, leaving you with a whopping $52 available credit.
I'm absolutely gobsmacked by how expensive this card is. There's also a pile of other fees for use, that I can't be bothered reproducing here. This isn't a credit card offer, it's an invitation to have your pocket gouged. It has a deceptively low interest rate of 9.9%, but it's quite obvious how that's compensated for.
No thanks, First PREMIER "Bank". From looking at your
website, all you are is a credit
card provider fee generator.





