CardRatings.com Announces Picks for Worst Credit Cards of 2011

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CardRatings.com, a consumer credit card comparison website, announces its picks for the worst credit card deals of 2011. These credit cards landed in CardRatings.com’s 2011 “hall of shame” by featuring exorbitant interest rates, hidden fine print, deceptive marketing and tacky card designs.

CardRatings.com, a consumer credit card comparison website, announces its picks for the worst credit card deals of 2011. These credit cards landed in CardRatings.com’s 2011 “hall of shame” by featuring exorbitant interest rates, hidden fine print, deceptive marketing and tacky card designs.

The credit cards that made CardRatings.com’s list of worst credit card deals of 2011 are:

Highest Interest Rate – First Premier Gold
The fixed annual percentage rate of 49.9 percent is bad enough, and that’s before all the fees.

Most Deceptive Marketing – Applied Bank Platinum Zero
Even among credit cards for bad credit customers, this secured card stands out as a raw deal. It advertises no interest on purchases for life, but service charges in the fine print can total nearly $120 a year.

Worst Secured Credit Card – Applied Bank Gold Visa
This card does away with a grace period on purchases, so interest starts accruing the moment you swipe.

The Least “Premium” Premium Credit Card – Visa Black Card
This card – with the words “BLACK CARD” emblazoned across the front – struck the CardRatings.com team as a cheap knockoff of the American Express Centurion credit card.

Most Embarrassing Credit Card – World of Warcraft Visa
Meet the card that was deemed more embarrassing than the Hooters MasterCard. The rewards aren’t so hot, either.

Most Unfair Reputation – J.C. Penney Retail Credit Card
While a retail card is a terrible choice for a low interest credit card, card holders who pay off their balances can often find store discounts of up to 30 percent – making this card a good deal for loyal customers who do not carry a balance.

The article “CardRatings Hall of Shame: Worst credit cards of 2011” details why each card made this years’ list.

Consumers looking for the best credit cards of 2012 can start their search with CardRatings.com’s 2011 Editor’s Choice Awards. These annual awards showcase the best cash back credit cards, best airline/travel credit cards, best low-interest credit cards and more.

About CardRatings.com
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 publishes editor and consumer reviews of balance transfer cards, student credit cards, gas credit cards and more. These resources allow consumers to compare and identify the credit cards best suited to their needs, get the best rates available and effectively lower their debt. The site was recently ranked the No. 1 credit card comparison site in Bing Editor's Picks. CardRatings.com is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that best meet their needs. The company is a leader in visitor-friendly marketing practices. For more information, please visit QuinStreet.com.

Press Contact
Andrew Heilman
775-784-3842
pr(at)cardratings(dot)com
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