BAD Credit Card Deals Versus Good Credit – What a Difference!

credit-cards11-lgBAD Credit Card Deals Versus Good Credit  – What a Difference! just released their Worst Credit Cards of 2016.  This gives you an idea of what a really bad credit card deal looks like as they compare it to a good deal.  It is amazing how bad some of these deals are.  Always remember, whether good or bad the fine print has become much more dangerous on these new card offers.  It pays to read it first and make sure you know the rules.  The most complete fine print is the card-member agreement. It tells all of the details.


  • Trick:  MasterCard® Gold Credit Card – $995 annual fee; $200 airfare credit each year; concierge service; 1 point per $1 spent on most purchases (average for a rewards card).
  • TreatBarclaycard Arrival Plus Credit Card – $89 annual fee (waived for the first year) in exchange for a $500 initial bonus and the miles-equivalent of 2.1% cash back on all purchases.

Financing New Purchases

Balance Transfers

Rebuilding Bad Credit

  • Trick:  First Premier Bank Gold Credit Card – $95 processing fee prior to account opening; $75-$125 annual fee during the first year; $120-173.80 in annualized membership fees in each subsequent year; 25% fee for any credit limit increase; 36% interest rate.
  • TreatDiscover it® Secured Credit Card — $0 annual fee; 2% cash back at restaurants or gas stations (for the first $1,000 in combined purchases each quarter); 1% back on everything else; first year rewards doubled.

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