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Some of the best and the worst cards of 2010

2011-01-26

Some of the best and the worst cards for the year 2010 have been announced by Credit-Land.com after making comparisons between several cards. The worst cards included those with high fees, high rates, and limited disclosure. The ones that were rated the best were those that offered fewer rewards, but had higher fees, and offered the best in terms of service, value, and convenience.

According to the ratings, the worst credit cards of 2010 were the prepaid debit card that was endorsed by the Kardashian sisters. This was the most hated card of all, and the First Premier MasterCard with a 79.99% APR was the worst credit card.

The other cards that had little disclosure were the Best Buy’s Reward Zone MasterCard as well as the Applied Bank Unsecured Visa Gold Card, which according to Credit-Land.com was the most expensive card to use to rebuild your credit. It was also noted that Applied Bank did not offer any grace period, that means the interest is accrued on purchases from the moment the card is swiped, unlike other cards, which have a 3 to 4 weeks grace period.

In the cash-back category, the best credit card was the PenFed Visa Platinum Cashback Rewards Card as well as the Fidelity Investment Rewards American Express Card. The best low-interest cards were the Simmons Visa Platinum, as well as the PenFed Promise Visa Card. The low-introductory rate credit cards were Citi Platinum Select MasterCard and Discover More Card.