Paul's Comments

You got to have both really horrible credit - which means worse than none - and no money at all, to want to get a credit card from First Premiere Bank. Their table of fees and charges is so bad, one time I sent one of their obscene mailings I got to the post office to have it declared sexually pandering and thus have them banned from sending me further mail.

Since I've moved the protective order doesn't apply so I got one of their ridiculous "offers" here.

Listen to this: They'll offer you a Visa or Mastercard, I forget which, with a $250 limit. There is a $95 program fee, $29 account setup fee, $48 annual fee, and $7 monthly servicing fee, which means you have $71 left, the rest you get to finance because if you could afford it, you wouldn't have to take a card in which the fees are 3/4 of the credit line! (Actually it's about 68%.)

You got to wonder what kind of person would put up with this. Someone with very little money, no credit, and really needed a credit card bad, so bad they're willing to put up with these kind of unbelievably greedy fee levels. Which probably explains why First Premiere charges such high fees because of the high default rates. But, since they're only on the hook for $71 it isn't that much, but it still says something about the kind of customer they're going after from the fact that you got to be awfully desperate - or really stupid - to take their kind of high-fee based card.