Worst Credit Cards Known To Exist!?

[andre181]

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@Denny33142 wrote:

@andre181

I think Chase Freedom is a top prime card and i am sure most people would agree with me, No Annual fee and 5% on rotating categories is hard to beat.

As for the worst Prime Card i would also say the Visa Black Card by far, $450 AF with rewards that are no better than the AMEX Green.

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Not disagreeing at all. The rewards are great, its just the poor way Chase treats their customers and their subpar customer service that have driven me away. I'll take my Discover and US Bank Cash+ any day. As I said before, I only lose out on $22.50 of cash back by using my Discover over the Freedom. 

My Chase Freedom card is sitting in my bank's safe deposit box and it will remain there indefinitely.

I firmly believe that choosing your credit cards is like choosing your cell phone provider. With credit cards, you should pick the best credit card that you qualify for and that meet your spending needs. With you cell phone carrier, choose the carrier with the best service in your area that offers the services you need at the price you are willing and able to pay.

Its all about choosing what works best for you. Everyone is going to be different.

[Dustink]

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@flowfaster wrote:

OK here is a list of some of the worst "prime" cards.  Guys this is just IMO so go easy but I fully plan to get flamed anyway.

Amex Green

Amex Gold

Citi Thank You Premier

Visa Black Card

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I agree on all of those but the citi card.

Disagree with the citi card:

I think that it's not great, but not as bad as the others listed. At least it comes with a sign up bonus, companion tickets, and no FTF's.

Completely agree here:

AMEX green and gold are high AF's for benefits that are easy to find on no AF cards. Visa black does offer some decent things, but not as good as card with AF's $100 lower.

[xboxrunner]

If you value CLIs then Crapital One and Chase might not be your cup of tea.

[GomerPyle]

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@Jazzzy wrote:

I think the worst prime card is Discover. Having to spend $3k EACH YEAR before you start getting even 1%.....no cash back if you shop at Walmart, Target, etc... I refuse to have $3k each year go down the drain with no rewards when there are so many other good options.

I use Discover for their 5% categories and once in a great while buy something through Shop Discover. Otherwise...useless. Also, call or email their customer service twice, and you will likely get 2 different answers. Can't trust them.

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+1   you also have to watch rewards with them. They will not credit the rewards properly in hopes you will not notice. I have called many times to have rewards straightened out. I expect honesty but they always have an excuse.

[Jazzzy]

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@andre181 wrote:

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@Jazzzy wrote:

I think the worst prime card is Discover. Having to spend $3k EACH YEAR before you start getting even 1%.....no cash back if you shop at Walmart, Target, etc... I refuse to have $3k each year go down the drain with no rewards when there are so many other good options.

I use Discover for their 5% categories and once in a great while buy something through Shop Discover. Otherwise...useless. Also, call or email their customer service twice, and you will likely get 2 different answers. Can't trust them.

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You earn .25% on the first $3,000 annually, instead of the full 1% that other cards give you. If you do the math, you're only losing out on $22.50 of cash back. I consider that a small price to pay for far superior customer service than Chase or BoA. And in my experience, Discover's customer service has been as good or even slightly better than American Express. Discover has never done me wrong.

Totally not trying to brag or anything, but if you look at my signature, I have most of the more popular cash back cards from the prime banks and Discover More is my absolute favorite and I run about $3k per month through it, so I hit that $3k minimum very quickly. 

And you do earn cash back at Walmart, Target, etc., but they are at .25%. But I use my Target card at Target for 5% off, and at Walmart I use my US Bank Cash+.

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Thank you for making my point. And...I agree that the CSR folks are very nice. The problem is that they often don't know what they are talking about. Been there. Done that. Too many times.

[Fresh-Start]

I think Capital One "For Average Credit" is the worst - *Disclaimer* Yes they give you a chance when no one else does, but they banish you to low credit limit prison and will not grow with you.  I have loved their "Secured" card because unlike some of the other secured cards, Captial One does not report theirs as "Secured" on your credit report. I like that.

As fas as Prime Cards - I think Citi and Bank of America because they hate me for some reason! LOL!

[Anonymous]

Credit one. They are getting the axe Monday. Daily interest and crappy customer service is bullsh*t.

[Jlu]

For everyone saying FP, CreditOne etc I think the OP was asking what the worst PRIME credit card is.

In which case I'd say the AMEX Green. I swear they keep it around for the nostalgia effect. I mean WHY would you choose this over PRG or even Gold? When Zync was still around it was even more of a no brainer.

[Duncanrr]

From what I've read here on these boards the worse prime card is the one you can't get. So many people seem to rip on lenders that will not approve them. I will say that the Visa Black card does look pretty useless considering the high AF.

[Anonymous]

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@Jlu wrote:

For everyone saying FP, CreditOne etc I think the OP was asking what the worst PRIME credit card is.

In which case I'd say the AMEX Green. I swear they keep it around for the nostalgia effect. I mean WHY would you choose this over PRG or even Gold? When Zync was still around it was even more of a no brainer.

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I'm sure the Green's legacy is a large part of why it is still offered as it is.  But I'm also not sure it's really that bad of a card, it's just that there are a few better options that overshadow it, like the PRG, Starwood, or BCE/BCP.  For almost everyone, one of those options would be a better choice than the Green.  There's also cards from other lenders, like the Chase Sapphire Preferred, which is a much better value for the same annual fee (but does have different transfer partners, so it may not be a clearcut choice for everyone).