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Consumer Reports rates the best and worst of credit cardsThe October 2008 issue of Consumer Reports hit newsstands this week with the best -- and worst -- credit cards on the market. The magazine analyzed hundreds of credit cards and published a list of the best 12 and worst three. The cards were selected after CR researchers reviewed the terms and conditions disclosed by issuers. According to CR Associate Editor Chris Fichera, the best cards were those that carried no annual fees, no balance transfer fees or offered the greatest cash back incentives. The worst cards were those that carried hidden fees, account set-up fees, monthly servicing fees similar to subprime (or fee harvesting credit cards) or those that asked applicants for too much personal information or carried no grace period for monthly payments. Here are some of the listings: The best
For cash-back cards: For gas cards, they recommend:
The worst
Get regular card checkups "Whether you have good credit or bad, you should check your account terms with your credit cards," CR Executive Editor Greg Daugherty, said in a press release. "Several card issuers have doubled or tripled interest rates for some customers in recent months, even though many were current on their bills and have good credit." 4 Comment(s)Leave a comment |
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total visa credit i just got is it reputable
I currently have a Capital One card and they are
charging us 23.99% interest because we were late with one payment in the last 12 mos. Can't get them to reduce it. ASAP I will have something different in "my wallet"!
my wifes capital one card went up to 21% mine is going up to 17% what`s the deal
no tranfer fees