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September 10, 2007
Worst. Credit Card. Ever.
Ladies and Gentlemen, put your hands together for the Continental Finance MasterCard. This one is truly awful. Here are the details:
* 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!) You need to call these people and ask them to stop; otherwise, they are automatically going to increase the limit by $100 each time and charge you the $25 fee.
* Internet payment fee: $4 for each authorized internet payment. I just don’t get this - why are people with bad credit charged for paying their bills online? .. probably to make sure that they don’t start paying their bills automatically or something?
Posted by edelfenbein at September 10, 2007 9:25 AM
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