Credit Card Rip-off
Below are the account fees, rates, costs, limitations, available credit and other terms for a credit card from the First Premier Bank of Sioux Falls, SD:
Annual Percentage Rate for Purchases 9.9%
Other Annual Percentage Rates:
APR for Cash Advances 19.9%
Penalty APR 19.9% for Purchases. Penalty Pricing Information: If your Account goes past the due date two times in any six month period or goes past the due date for two consecutive billing cycles the APR will increase to 19.9%. The APR will be reduced back to 9.9% if the Account is kept current for 3 consecutive months or is paid in full.
Fees for Issuance or Availability of Credit Account Set-up Fee: $29.00 (one-time fee).
Program Fee: $95.00 (one-time fee).
Annual Fee: $48.00.
Participation Fee: $72.00 Annually. (The Participation Fee of $72.00 will be billed at $6.00 per month.)
Additional Card Fee: $20.00 Annually per card, (if applicable).
Transaction Fee for Cash Advances: Greater of $5.00 or 3% of the amount of the cash advance.
Late Payment Fee: $25.
Over Limit Fee: $25.
Monthly Account Maintenance Fee: $3 per month on closed accounts with an outstanding balance of $20 or more.
Transaction Fee for Purchases in Foreign Currency: 1.0% of the transaction amount.
Other Charges:
Credit Limit Increase Fee: Each time your Account is eligible and approved for a credit limit increase, a $25.00 fee is imposed.
Internet Access Fee: $3.95.
Copying Fee: $3.00 per item.
Additional Fees:
Return Item Charge: $25.00.
Autodraft Fee: We impose an $11.00 charge for each payment made through an autodraft service we provide. Autodraft payments requested through our automated systems (i.e. Voice Response or Internet) are assessed $7.00 per transaction.
Express Delivery Fee: We impose a $25.00 fee for the express delivery of your Card(s) sent Priority 2-day airmail. This service is available only on lost, stolen or replacement cards.
Annual Percentage Rate for Purchases 9.9%
Other Annual Percentage Rates:
APR for Cash Advances 19.9%
Penalty APR 19.9% for Purchases. Penalty Pricing Information: If your Account goes past the due date two times in any six month period or goes past the due date for two consecutive billing cycles the APR will increase to 19.9%. The APR will be reduced back to 9.9% if the Account is kept current for 3 consecutive months or is paid in full.
Fees for Issuance or Availability of Credit Account Set-up Fee: $29.00 (one-time fee).
Program Fee: $95.00 (one-time fee).
Annual Fee: $48.00.
Participation Fee: $72.00 Annually. (The Participation Fee of $72.00 will be billed at $6.00 per month.)
Additional Card Fee: $20.00 Annually per card, (if applicable).
Transaction Fee for Cash Advances: Greater of $5.00 or 3% of the amount of the cash advance.
Late Payment Fee: $25.
Over Limit Fee: $25.
Monthly Account Maintenance Fee: $3 per month on closed accounts with an outstanding balance of $20 or more.
Transaction Fee for Purchases in Foreign Currency: 1.0% of the transaction amount.
Other Charges:
Credit Limit Increase Fee: Each time your Account is eligible and approved for a credit limit increase, a $25.00 fee is imposed.
Internet Access Fee: $3.95.
Copying Fee: $3.00 per item.
Additional Fees:
Return Item Charge: $25.00.
Autodraft Fee: We impose an $11.00 charge for each payment made through an autodraft service we provide. Autodraft payments requested through our automated systems (i.e. Voice Response or Internet) are assessed $7.00 per transaction.
Express Delivery Fee: We impose a $25.00 fee for the express delivery of your Card(s) sent Priority 2-day airmail. This service is available only on lost, stolen or replacement cards.
posted by Norman Larson @ 8:35 AM
1 Comments:
At 6:17 AM,
Anonymous said…
I read about this credit card somewhere. It is one of those, I guess, for credit unworthy people who need an "unsecured" card. This one has a credit limit of $250. By the time you pay the fees, there is very little money left in your "credit limit." So chances are you will immediately go over your limit and get charged more money.
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