"NEW YORK — It's no mistake. This credit card's interest rate is 79.9 percent. The bloated APR 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." - Steven Perez from Bookmarklet

"The terms are eyebrow raising, but First Premier targets people with bad credit who likely can't get approved for cards elsewhere. It's a group that tends to lean heavily on credit too, meaning they'll likely incur steep financing charges." - Steven Perez

I'm always fascinated by people who try to make a living by fleecing others who can't afford what they're offering in the first place. - Steven Perez