Worst Credit Card in the World
Behold, the Continental Finance MasterCard (Read more about it here, and apply for it here --- if there is a severe leakage in your brain):
- 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 because they automatically increases it by $100 every time!)
- Internet payment fee: $4 for each authorized internet payment.
After all the predatory fees are factored in, your initial credit limit is only $53:
Your initial Credit Limit will be $300.00 and you agree to pay the following fees, which will be billed to your Account and will appear on your first monthly Billing Statement: a one-time Account Processing Fee of $99.00, a one-time Program Participation Fee of $89.00, a monthly Account Maintenance Fee of $10.00 and an Annual Fee of $49.00. Your available credit after these charges will be $53.00 at Card issuance.
Here is a youtube video critisizing the same card:
