Think your credit card is bad? Check out this specimen that our sister-publication, Consumer Reports, says is the absolute “worst credit card.”

From Consumer Reports, emphasis ours:

In 2007, First Premier signed a $4.6 million settlement with the New York Attorney General’s office over the card’s deceptive marketing practices. First Premier’s card now advertises a $25 to $95 processing charge (which fluctuates by the minute, depending on when you click on the card’s website).

What’s worse is that when you drill deeper into the fine print, you’ll find a $75 annual fee and an APR of 23.9 percent to 59.9 percent on purchases and cash advances (again, depending on when you visit the site).

So you could face a minimum of $100 or a maximum of $170 in fees in the first year for a card with only a $300 initial credit limit. Other fees include an $11 charge for expediting bill payment over the phone and a credit-limit increase fee equal to 50 percent of the increase.

So for every $100 that First Premier increases your credit limit it charges you $50. Also, look out for copycats of this card. First Premier Bank markets very similar cards under the names Centennial and Aventium.

The runner-up is no prize either, check it out.

Worst Credit Card [Consumer Reports]

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