Avoid these cards like the plague and, if you do, you will be glad you did in 2011.
Foster City, CA (PRWEB) January 5, 2011
Last month, CardRatings.com released its Editor’s Choice Awards for the best credit cards of 2010. Today, CardRatings.com releases two more revealing ratings on the worst and best credit cards of 2010. The Consumer’s Choice Awards for Best Credit Cards of 2010 showcase the cards consumers trust and like best, while the Editor’s Choice Razzie Awards for the Worst Credit Cards of 2010 expose cards that feature high rates, high fees and little disclosure.
The best credit cards of 2010 by category, as rated by consumers, are:
-Best Cash Back Credit Card: Blue Cash from American Express
-Best Airline Credit Card: Blue Sky from American Express
-Best Reward Points Credit Card: Chase Sapphire Card
-Best Value Credit Card: USAA World MasterCard
-Best Customer Service: American Express
"Despite the fact that most credit cards have become much more attractive in the past several months, there have been a few credit card offers that have not followed suit and are in fact what some consumer advocates would label as downright rip-offs. Avoid these cards like the plague and, if you do, you will be glad you did in 2011." said Curtis Arnold, founder of CardRatings.com.
The worst credit cards of 2010, as rated by CardRatings.com, are:
-Highest Interest Rate: First Premier MasterCard
-Most Hated: Kardashian Kard
-Least Disclosure: Best Buy Reward Zone MasterCard
-Most Expensive Way to Rebuild Credit: Applied Bank Unsecured Visa Gold Card
To see the runners-up and read more about the good, the bad and the downright ugly in credit cards, find the full articles on CardRatings.com:
Editor’s Choice Razzie Awards for the Worst Credit Cards of 2010
Consumer’s Choice Awards for the Best Credit Cards of 2010
CardRatings.com is the leading comprehensive free source for comparing credit card offers and has been educating consumers on credit cards since 1998. The site regularly reports on consumer credit and debt issues and offers both editor and consumer credit card reviews. CardRatings.com allows consumers to compare and identify the credit cards best suited to their needs, get the best rates available and effectively lower their debt.
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