The New CS Board

[jumanji0881]

Credit is readily available, especially for the poor

First Premier's $400-a-year credit card
By Blake Ellis @CNNMoney February 9, 2012: 5:45 AM ET
0:00 / 2:21Leaving the plastic (and fees) behind

NEW YORK (CNNMoney) -- Would you pay $400 a year to own a credit card?

That's how much the First Premier Platinum card can easily wind up costing its customers, according to CardHub, a credit card-tracking website that has examined more than 1,000 credit card offers.

First Premier's Platinum card, aimed at consumers with poor credit, not only boasts a sky-high 36% APR but it also comes loaded with some of the highest fees in the credit card industry, said Odysseas Papadimitriou, CEO of CardHub.