Visa Black CardWe Americans can't live without our credit cards -- but there are a few varieties of plastic that should be kept out of consumers' wallets, according to, which bills itself as the nation's leading free consumer source for comparing credit card offers.

Here's CardRatings take on the Five Worst Credit Cards of 2011 (plus one that you should reconsider).

Highest Interest Rate: First Premier Gold:
This partially-secured credit card carries a high fixed APR of 49.9%. It also slaps on other charges, such as a first year fee of $75 and a $6.50 monthly fee.

Most Deceptive Marketing
: Applied Bank Platinum Zero: This secured credit card, which targets consumers who have bad credit, promises no interest on purchases for the life of the card. However, "digging into the fine print tells a different story," CardRatings says: It's service charges can run to nearly $120 per year.

Worst Secured Credit Card: Applied Bank Gold Visa:
The Delaware-based start-up bank eliminated the grace period on purchases, "so interest starts accruing the moment you swipe," CardRatings says.

The Least "Premium" Credit Card: Visa Black Card: The American Express Centurion card carries a hefty $5,000 annual fee, but it offers perks such as concierge services, where users can land tickets to sold-out sporting events or reservations to restaurants that have been booked for months just a day in advance of purchase, CardRatings says.

The Visa Black Card's $495 annual feel is a fraction of the Centurion's, but the card has been designed to look like the American Express card. Instead, though, it's "a weird, cheap knockoff," featuring perks similar to what would be found on much less expensive cards like Chase Sapphire Preferred, CardRatings says.

Most Embarrassing Credit Card: World of Warcraft Visa: This card promises to reward lovers of the online game World of Warcraft. It offers users a point for every dollar spent, and when they rack up 1,500 points, they earn a month of free WoW game time. "However, with prepaid game time cards selling online for $10 per month, cardholders essentially get less than 0.67% back in cash value," according to CardRatings.

Even consumers with just a so-so credit rating can get credit cards that offer at least 1% back, CardRatings says.

Card With the Most Unfairly Bad Reputation: J.C. Penney Retail Credit Car
d: Like most department store credit cards, the J.C. Penney Retail Credit Card carries a high interest rate. "However, J.C. Penney beats other retailers hands down for the unexpected perks and bonus coupons they serve up to cardholders all year long," CardRatings says.

CreditRatings credit card experts said they received discounts of up to 30% from the card, and have saved hundreds of dollars a year.

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January 14 2012 at 1:40 AM Report abuse rate up rate down Reply

Any card issued, underwritten, or backed by GE Money is the worst card you can have. They have their hands in Chevron, Meijer, Sam's Club, WalMart, AE, Aerie, &77Kids, Belk, Banana Republic, Brook's Brothers, ebay, Gap, JC Penney, Lord & Taylor, Old Navy, Steinmart, Amazon, PayPal, Shop NBC, Kirkland's, Lowes, Carpet One, Mohawk Carpets, Ashley Furniture, Bassett Furniture, La-Z-Boy, Thomasville, Bargain Outlet, Husqvarna, Toro, LensCrafters, and a few others. Most of these companies are quality businesses that take care of their customers, but when it comes to the credit cards, you have to deal with GE Money. With their own methods they steal everything they can to increase rates and impose fees. You may mail your payment over a week early, but they'll hold it until the day AFTER it's due to charge you a $39 late fee and increase your interest rate to 30+%. My wife phoned in a payment to them the day before it was due. They didn't post it until the two days later, then reversed the payment saying the account was invalid. They then charged us the $39 late fee and a $39 returned check fee. I got on the phone and threatened them with a class-action lawsuit seeking millions if they didn't reverse both charges. The clown that answered the phone said they couldn't do anything about it. I demanded to speak to her supervisor. As soon as he got on the phone I demanded to talk to HIS supervisor. That's the guy I threatened with the class-action suit. Oh yeah, they reversed the charges IMMEDIATELY. Then I got a letter from them saying that, in the interest of good customer service, they were reversing the charges. And one of the biggest complaints I have with them is that, once I paid the account off and demanded they close the account, GE tells all three of the reporting agencies (another useless business) that the account was closed by the creditor. Complaining to the reporting agencies is like complaining to the wall; they won't do anything. Maybe I should start that class-action lawsuit and name TransUnion, Experian, and Equifax and corraborators.

January 13 2012 at 9:34 PM Report abuse rate up rate down Reply

I used Orchard bank credit card to rebuild my credit rating and they have been a decent compay, I found that walmart , Lowes and Care care one cards are financed thur GE .. I refuse to use any carding by GE., that pay little to no taxes.

January 12 2012 at 10:14 AM Report abuse +1 rate up rate down Reply

Capital One didn't make the list???

January 12 2012 at 9:46 AM Report abuse +2 rate up rate down Reply
1 reply to geoffpoon's comment

Good point you have! Their fraud and claims department is a complete joke. Not only that, they are sue happy at the drop of a hat.

January 30 2012 at 12:28 AM Report abuse rate up rate down Reply

If people would stop trying to live beyond what their money would allow, stop trying to spoil their kids and grand kids,and stop tryng to blame everything on obama,look at all the faggit,the racist,and the antichrist before him

January 12 2012 at 9:16 AM Report abuse rate up rate down Reply

JC Penney does NOT deserve to be on ANY "A list"!

My wife paid her bill IN PERSON, at the STORE, 3 days before it was due. Their credit card dept did not post it until the following Monday and a $0.25 charge was incurred as a late charge. TEN YEARS after their screwup, we're STILL getting phone calls from the bill collectors for the now $300+ accrued charges! They REFUSED to do anything about it! Not only have they lost THOUSANDS of $ from us, they have made lifelong enemies of their swine operation.

They deserve NOTHING of any KIND of credit card accolades at all!!!!!

January 12 2012 at 9:15 AM Report abuse rate up rate down Reply


January 11 2012 at 10:51 PM Report abuse -2 rate up rate down Reply

I love American Express.

January 11 2012 at 10:50 PM Report abuse +2 rate up rate down Reply

A real leader woudn't cast blame. He would work to fix the problem. We don't have a real leader.

January 11 2012 at 10:49 PM Report abuse +3 rate up rate down Reply
Wanda McKnight

The President was dealt a bad hand in the first place. It did not take three years to get us into this mess. But, I guess it suppose to take three years to get us out of it. Well, you can thank republicans who got us in this mess in the first place and saying no to everything the President comes up with. The rebulicans cannot even compromise. Both parties has to cooperate and that is not happening and that's his fault right? Well, since he not doing good enough for you. I don't see you coming up with any bright ideas other than complaining name calling and insulting people,OH YEAH! that's going to get us back on track, UHH!!!! What a piece of work you are! And you got enough nerve to talk about someone.

January 11 2012 at 10:18 PM Report abuse -1 rate up rate down Reply
3 replies to Wanda McKnight's comment