CNN Money story about "Credit Cards From Hell"

pozativelyliving · ‎07-13-2012

Came across an interesting story -

http://money.cnn.com/galleries/2011/pf/1102/gallery.worst_credit_cards/index.html

EX 638 (Lender 9/1) TA 650(Walmart 9/1) EQ 655 (FICO - 9/17)
Goal - 700 Club in '13!!!

My Wallet - Cap 1 - $300. Cap 1 - $750. Orchard - $950.
New as of 8/29 - Target - $3000. Barclay's - $2000. Merrick - $1000. Walmart $600. And as of 9/22 - JCP $200.

jordanmedical · ‎04-08-2012

nice

-Rebuilding with Cap1 Secured: 300, CapOne Cash: $1k, NFCU Secured: 500, NFCU cashRewards $8.5K, NavCheck $2.5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.5K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K

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trumpet-205 · ‎11-11-2010

Visa Black card is on the list?

My JCP card is also on the list, should I ditch it?

jsucool76 · ‎12-11-2011

I didn't even know about the visa black card. Seems like a total rip off...lol, "1% on airfare purchases", and then access to VIP lounges at airports...for 495$ a year? My card gets 1% cash back on...everything, for no AF...if I was gonna spend 495$ a year on a card, I would get the amex platinum. lol.

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart: 1300CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 1000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL

pozativelyliving · ‎07-13-2012

Do all JCP cards have an apr of 26.99%? I have a pre-approved app but it didn't list that info.

EX 638 (Lender 9/1) TA 650(Walmart 9/1) EQ 655 (FICO - 9/17)
Goal - 700 Club in '13!!!

My Wallet - Cap 1 - $300. Cap 1 - $750. Orchard - $950.
New as of 8/29 - Target - $3000. Barclay's - $2000. Merrick - $1000. Walmart $600. And as of 9/22 - JCP $200.

trumpet-205 · ‎11-11-2010

pozativelyliving wrote:
Do all JCP cards have an apr of 26.99%? I have a pre-approved app but it didn't list that info.

All do.

marty56 · ‎10-06-2007

Sadly BofA did not make it on the list

06/15/2012 FICO: EQ: 798 TU:785

bettercreditguy1 · ‎02-11-2012

Interesting article. Goes to show, those whom are down on their luck, could possibly be shoved a little lower. Do be careful of any credit card companies residing and issuing credit in South Dakota, as they have no limit on user/monthly fees and almost limitless credit apr over 55%. At 55% apr, a $100.00 balance would grow to $200.00 in one year and four months. Talk about going backwards fast! Folks, beware and informed! It is YOUR money they are accepting/taking.

Starting scores 01/ 02/2012 EQ 707 TU 733 EXP 735 (FAKO)
Updated scores 05/01/2013 EQ 761 TU 780 EXP 788 (Exp. equivalency)

Remember the Three P's: Pay early in Full, Pay on Time, Patience

RockinRay · ‎08-13-2007

I did not see CAP 1 on their list which I find interesting based on threads I have read here...

Ray

** Every Card has a Job, and Every Card does its Job **

FrugalRican · ‎02-02-2012

I don't like it when cards get called out based on APR. I get the annual fee, processing fee, whatever fee... but really, the APR?

Almost any store card is going to have an APR of 25%+. That's a given. Don't carry a balance. Simple.

I wish they did an article with "Mainstream credit cards from hell". Some of these are so off-the-wall and I'm sure most "knowledgable customers" wouldn't touch those with a 10 foot pole... then again, there is a reason they still exist.

And why are all these articles nowadays making me click 9 times to read the whole thing! Argh!

Follow my financial journey: http://www.frugalrican.com

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CNN Money story about "Credit Cards From Hell"

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