Another totally insane credit card offer

[andy158]

Got pre-approved for another insane Visa. The terms:

Annual membership fee - $50.00 annually
Participation fee - $72.00 annually
Transaction fee - 3% of the amount charged per transaction
Acceptance fee - $119.00 one time only
First credit increase fee - $25.00
APR - 19.9%

All the fees use up the $300 inital credit limit!


This is criminal! I'd rather take an a** whippin' from loan shark!

[AngelinaCatHub]

If you sign up for that card, you already did. 'Hub

[JimKutkowski]

Got pre-approved for another insane Visa. The terms:

Annual membership fee - $50.00 annually
Participation fee - $72.00 annually
Transaction fee - 3% of the amount charged per transaction
Acceptance fee - $119.00 one time only
First credit increase fee - $25.00
APR - 19.9%

All the fees use up the $300 inital credit limit!


This is criminal! I'd rather take an a** whippin' from loan shark!

Gee, I'm going to start a credit card company.

This is not the way to build up your credit again. There are reasonable cards out there for people who recently went bankrupt. Try to find one that reports to all three credit unions and don't be late.

[ForumReader]

Got pre-approved for another insane Visa. The terms:

Annual membership fee - $50.00 annually
Participation fee - $72.00 annually
Transaction fee - 3% of the amount charged per transaction
Acceptance fee - $119.00 one time only
First credit increase fee - $25.00
APR - 19.9%

All the fees use up the $300 inital credit limit!


This is criminal! I'd rather take an a** whippin' from loan shark!

Heck, what creditor was that from?

[AngelinaCatHub]

Gee, I'm going to start a credit card company.

This is not the way to build up your credit again. There are reasonable cards out there for people who recently went bankrupt. Try to find one that reports to all three credit unions and don't be late.

Gee, this was only a joke-able card experience. You sound like a lawyer. Oh, you are. LOLOL Greetings Jim. Thanks for being here.

'Hub

[JimKutkowski]

Gee, this was only a joke-able card experience. You sound like a lawyer. Oh, you are. LOLOL Greetings Jim. Thanks for being here.

'Hub

I know, start the lawyer jokes now. I actually thought about putting a section of lawyer jokes on my site just because it's the kind of humor I enjoy, but the wife nixed it, so that wasn't professional.

[killinstinct]

Thank God you recognized it for the crap that it is. Just imagine the poor saps who acutally bought into it.

[leena]

These kinds of fees are going to be illegal starting next year with the CC reform bill taking effect. They are trying to make whatever money they can now. Same for the "Hi, you minimum payment just trippled" thing so many people are complaining about now. They are trying to get evey penny oout of that nonsense before January 1.