The Scariest Card Ever?
In the spirit of the Halloween season, we’ve dredged up information on one card that should be avoided at all costs. Consumerist.Com recognizes the Continental Finance MasterCard as the worst credit card in the world.
How did this card earn such a dubious honor? It was designed for high-risk card holders with bankruptcies and poor credit histories, but those things alone do not a scary card make.
The terror is in the details: a $300 credit limit that costs $247 to set up. Plus a $10 monthly account maintenance fee. Plus 20% interest on all purchases. Plus a $4 charge whenever you make an online payment. Card holders do get automatic upgrades to their credit limit when they qualify for such, but the upgrades come in $100 increments, each tagged with a $25 fee.
There are so many better alternatives. For some helpful advice, check out our articles on credit cards for consumers with poor or no credit. There are some scary cards out there in Low Credit Land; when confronted by them, make information your weapon of choice.
Colin said,
December 20, 2007 @ 4:02 pm
It gets better now they are going to charge 12.00 per month maintenance fee and they are only giving automatic CLI’s of 75.00 instead of 100.00 but, of course, it still costs 25.00 dollars. These people are totally insane.