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Came across an interesting story -
http://money.cnn.com/galleries/2011/pf/1102/gallery.worst_credit_cards/index.html
nice
Visa Black card is on the list?
My JCP card is also on the list, should I ditch it?
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.
Do all JCP cards have an apr of 26.99%? I have a pre-approved app but it didn't list that info.
@Anonymous 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.
Sadly BofA did not make it on the list
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.
I did not see CAP 1 on their list which I find interesting based on threads I have read here...
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!
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