Sky-high interest rates. Ridiculous fees. Piddling rewards and modest perks.
That’s what makes these credit cards stand out to me.
Let’s spend a few minutes looking at some of the most disappointing deals currently being foisted on unsuspecting consumers and consider what a more reasonable card might offer.
Least Bang for Your Buck: Visa Black Card
Even though it is made out of stainless steel, don’t confuse the Black Card with the famous Centurion Card from American Express it’s copying, or any other metal-level card, for that matter. For its $495 annual fee, you’ll only get one point per dollar you spend – that’s what many other rewards cards with much lower fees offer. You also get access to some airport lounges and a vague promise of “luxury gifts from some of the world’s top brands” as a token of appreciation.
The alternative: You won’t have any trouble finding a reward card with the same, or even more generous, rewards system and charges an annual fee of $100 or less. All of that other stuff? You’re paying a premium price for perks you not want or use.
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