What to look for in a credit card
alexialex/Shutterstock The best credit cards offer lucrative rewards programs, concierge services, and other extra perks, but those incentives are far from common.
In fact, there are thousands of credit cards on the market, and some of them are downright awful. If you’re looking for a new credit card, it’s important to do your research to make sure you get the right one.
To help you save time, here are eight credit cards that you should avoid altogether. And here are ten times you should never, ever use a credit card for payment.
Worst card for cash back: Kroger REWARDS World Mastercard®
Yingzaa_ST/Shutterstock This card offers bonus rewards at Kroger and Kroger Family of Companies and 1 point per dollar everywhere else. The catch is that you need 1,000 points for $5 in free groceries, meaning you’re getting a 0.5% base rewards rate.
“The typical base rewards rate for any rewards card is 1%,” says Ben Luthi, a credit card writer for MoneyTips, “making this card particularly disappointing.” Instead, consider the Citi Double Cash Card, which offers 1% cash back on every purchase you make and another 1% cash back when you pay it off. Explains Luthi, “Effectively, you’ll earn a net rate of 2% every time you use the card.” Learn more about cash-back cards.