Regular Contributor
pozativelyliving
Posts: 237
Registered: ‎07-13-2012
CNN Money story about "Credit Cards From Hell"

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.
Established Contributor
jordanmedical
Posts: 1,011
Registered: ‎04-08-2012
Re: CNN Money story about "Credit Cards From Hell"

nice

-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

Take the FICO Fitness Challenge

Valued Contributor
trumpet-205
Posts: 2,494
Registered: ‎11-11-2010
Re: CNN Money story about "Credit Cards From Hell"

Visa Black card is on the list? :smileyvery-happy:

 

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

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Senior Contributor
jsucool76
Posts: 3,567
Registered: ‎12-11-2011
Re: CNN Money story about "Credit Cards From Hell"

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.

Regular Contributor
pozativelyliving
Posts: 237
Registered: ‎07-13-2012
Re: CNN Money story about "Credit Cards From Hell"

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.
Valued Contributor
trumpet-205
Posts: 2,494
Registered: ‎11-11-2010
Re: CNN Money story about "Credit Cards From Hell"

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.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Super Contributor
marty56
Posts: 5,679
Registered: ‎10-06-2007
Re: CNN Money story about "Credit Cards From Hell"

Sadly BofA did not make it on the list:smileysad:

09/12/2013 FICO: EQ: 772 EX:813 TU:752
Established Contributor
bettercreditguy1
Posts: 758
Registered: ‎02-11-2012
Re: CNN Money story about "Credit Cards From Hell"

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(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Valued Contributor
RockinRay
Posts: 1,947
Registered: ‎08-13-2007
Re: CNN Money story about "Credit Cards From Hell"

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 **

Blogger
FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
Re: CNN Money story about "Credit Cards From Hell"

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


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)