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World’s Worst Credit Card

By Miss Cellania in Money & Finance on Sep 10, 2007 at 11:17 pm


cfmc
The Consumerist reports on the Continental Finance MasterCard. The fees include:

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!)
Internet payment fee: $4 for each authorized internet payment.

After all that, your credit limit is $53. Link – via Consumerist


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COMMENT
  1. jodie
    Sep 11th, 2007 at 12:59 am

    i thought you were kidding about having a $53 credit limit after all the fees...but it's freakin' true? who would sign up for this? it's insane. insane i tells ya!

  2. Stacyj
    Sep 11th, 2007 at 1:59 am

    I love that you couldn't even pay the Program participation fee -with- your credit card without maxing it out ...

  3. fluff
    Sep 11th, 2007 at 3:31 am

    popup windows are not cool....

  4. cuimhne
    Sep 11th, 2007 at 9:14 am

    What is the point of this card? Who'd be dumb enough to sign up?

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