New Credit Card Rate has 79.9 Percent Rate

It's no mistake. This credit card's interest rate is 79.9 percent. Stay away from this credit card at all cost. If your credit is not the best, there are other options that will not empty your pockets in fees.

The over the top interest rate is how First Premier Bank, a subprime credit card issuer, is skirting new regulations intended to curb abusive practices in the industry. It's a strategy other subprime card issuers could start adopting to get around the new rules. - Read Story