Tips, News and Advice from Credit Card Assist

Macy’s Stands Alone As The World’s Worst Credit Card

by on June 24, 2011

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.

Source: http://www.economywatch.com/economy-business-and-finance-news/the-worlds-worst-credit-cards.27-05.html
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{ 1 comment… read it below or add one }

David October 16, 2012 at 11:12 am

Absolutly true.

I live in canada. I went to US to shop. My girlfriend wanted to buy some stuff from Macys and the sales rep asked me if I get Macys Card i will get 20% off on my purchase. So there i got stuck in the lure. I got the card and i wanted to pay it the same day and the lady said i can't. So after a week i went there and paid the outstanding. Everyone happy, I came back to Canada.

Same month I moved into a different apartment. So after few months i got all the mail from my old apt. I was shocked to see that my macys out standing was 56 dollers. First thing it is impossible to find there customer care no. off the internet. so i found it on my bill. (which is 1800-593-2543 just in case sombody needs it) then i called them the rep wavied off 36 dollers and asked me to pay 20. so went to a Canadian bank got a draft made for 7 dollers and paid 20 dollers for express draft because 4 days left in due date. And i asked the rep to close my account. One more time I was feeling that its all done. But noooooo.

After few days from my old apt mail i again got macy's bill of 26 dollers because my payment was late. this time i decided to go to the store and pay. so i went to Michigan and checked my due amont and date and paid a doller extra. But not yet.

One more time i got the bill for 2 dollers. This time i called Macys and asked them to do sumthing or i will file a law suite against them. and today they said that now my balance is zero. but i don't beleive that unless i see the document that he said i m gonna recieve in mail.

Never get macys card. espacially if you live in Canada. you won't save the money that you will end up paying to do Macys payment.

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