CNN Money story about "Credit Cards From Hell"

[Anonymous]

Came across an interesting story -

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

[jordanmedical]

nice

[trumpet-205]

Visa Black card is on the list?

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

[jsucool76]

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.

[Anonymous]

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

[trumpet-205]

---

@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.

[marty56]

Sadly BofA did not make it on the list

[bettercreditguy1]

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.

[RockinRay]

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

[FrugalRican]

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!