How to Tell If You Have a Bad Credit Card
Contributed by Boo Roberts
What is a bad credit card?
A bad credit card is a card that does not have a lot of benefits associated with it. For instance, if you have to send money to the bank that funds your credit card to get a credit card, that would be a bad credit card. If you have a high interest rate, to my way of thinking, that would be a bad credit card.
If you have to pay an annual fee, to me that would be a bad credit card (although a lot of people do this, especially for an American Express card, which has annual fees on almost all of the credit cards they issue). If your credit card is constantly being turned down wherever you try to use it, that could be a sign of a bad credit card.
If someone laughs at the holographic image of a vulture on the face of your credit card (rather than the typical eagle usually seen) that could be a sign of a bad credit card. If you are constantly calling your credit card's customer service number because you never get any statements, that would be a bad credit card. Of course, for some people that wouldn't be a bad credit card at all, that would be a great credit card...out of sight, out of mind, so to speak.
