You can help by sharing these posts on social media, hopefully unsuspecting consumers will come across these reviews before they apply and decide to go down a different route instead. If anybody knows of any other cards with ridiculously high annual fees and other fees, let me know. Here are other cards in the hall of shame: Unfortunately this probably isn’t even the worst card on the market. For example using the shopping cart trick to get store credit cards. There are also a bunch of other options for people with bad credit.Upside is no annual fees and a good rewards program and the card can graduate to an unsecured card (you get your security deposit back, but keep the card and the rewards program improves). ![]() This will help people with bad credit improve their credit score, downside is you need to put down a security deposit. There are other options for people with bad credit, for example: Couple that with the fact there is no rewards program and you have a truly awful card. Our Verdictīeing able to check to see if you’re pre-qualified before applying with only a soft credit pull is a neat future ( although remember you can do this with other card issuers as well), unfortunately having an annual fee that is up to 33% of your credit limit is absolutely terrible. I don’t really see how this is even legal considering that the CARD act clearly states that an annual fee cannot be greater than 25% of the credit limit. Worst case scenario you’re going to be paying an annual fee of 33% of your total credit limit. Here is a list of our partners who offer products that we have affiliate links for.The difference between the three cards is simply the annual fee: While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. ![]() And, like the Discover it® Secured Credit Card, Chase will evaluate you for a credit line increase as early as six months. You can also get a $25 statement credit with enrollment in autopay in the 3 months of account opening, terms apply. The Chase Freedom Rise * has no annual fee and offers 1.5% cash back on every purchase. ![]() New cardholders can also take advantage of Discover’s Unlimited Cashback Match™ - Discover will automatically match all the cash back earned at the end of the first year. Plus, earn unlimited 1% cash back on all other purchases. The Discover it® Secured Credit Card earns 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. While it requires a security deposit of at least $200, responsible card use can earn you your deposit back and an upgrade to an unsecured version of the card. You can also earn between 2%-10% cash back at select merchants.Īnother option is the no-annual-fee Discover it® Secured Credit Card. The Petal 1 comes with no annual fee, a credit limit between $300 and $5,000 and a path to a credit limit increase. One of your best bets for an alternative to the Indigo Mastercard is the Petal® 1 “No Annual Fee” Visa® Credit Card * issued by WebBank.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |