Man Gets Credit Card Offer with 80% APR

by Dual Income No Kids on October 15, 2009 · 0 comments

NBC San Diego is reporting that a local resident has received a credit card offer with a 79.9% APR. Yep, an 80% interest rate. The card was issued by South Dakota’s First Premier Bank.

Check the link here.

Folks, this is a blatant and horrific rip off. All I can say is: if you are reading this, please don’t apply for any products issued by this bank. Carrying this kind of interest rate will have highly negative impact on your bottom line and affect your ability to build your wealth.

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