As if charging people 79.9% interest isn't a strong enough signal to stay away from a company, here are a few more reasons to cut up your Premier Bankcard credit cards:
- Premier Bankcard fired 330 people in Spearfish. Instead of taking responsibility for this business choice, Premier Bankcard execs blame the government for imposing rules that protect consumers.
- Premier Bankcard relies on state government to provide job search and retraining services.
- Premier Bankcard's layoffs cause the federal government to step in with a $379,500 grant to provide similar services.
- In response to the government's generosity, Premier Bankcard sues the federal government to block new credit card regulations that would further curb its predatory lending practices.
- Premier Bankcard didn't just take away 330 jobs. It took away those former workers' First Amendment rights. Premier Bankcard told its former workers that if they speak to the media, they lose their severance pay. Let's be clear: severance pay is the money workers deservedly receive from a company that takes away their jobs. Money you receive only if you keep your mouth shut is hush money. Such threats from Premier Bankcard against the people it has fired should appall all defenders of the Bill of Rights.
If you have a Premier Bankcard, think about whether you want your fees and interest to pay for rotten business practice like that.