Experts at EconomoyWatch.com singled out the world’s worst credit, cash-back and secured credit cards.
As credit card companies are battering consumers across the board with monstrous fees, high interest rates and disappearing rewards, you can still get a good deal on a card … just so long as you don’t chose one of these cards.
The world’s worst credit card is the Macy’s credit card, with its 23.99% interest rate. However, cards from J.C. Penney, American Eagle Outfitters, Gap, Brooks Brothers, J. Crew and Dillard’s all come in at rates over 20%. To get a good store credit card, get a card associated with Visa, MasterCard or American Express.
Money Return Visa Platinum Plus is the world’s worst cash-back card. The terms are no annual fee, 0% for six months on balance transfers and a whopping 10% cash rebate. However, the 10% cash back applies only if you carry a balance. And the annual percentage rate for carrying a balance ranges from 9.99% to 19.99%.
Lastly, make sure to pick a secured card other than New Millennium Bank Secured Gold Visa or MasterCard and New Millennium Bank Secured Platinum Visa or MasterCard. They are the world’s worst secured card.