This is a really funny card. I can't really decide whether or not it's overpowered. Obviously in a construction deck, this is a suberb card once you've got a rare in hand. Even if you can't get one, it's good as a finisher or semi-finisher when your tower is getting close to max. It probably has some good applications in a plague-y deck especially with Mercenaries, but I'm not in a good position to speculate on that side of it.
I don't know if I like the idea of a common card being so swingy depending on whether or not you have a rare. Maybe it would be better to buff it and make it an uncommon?