The best and worst credit cards
All plastic not created equal
- Duration 3:26
- Date Jan 20, 2013
All plastic not created equal
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-- reading a credit cards find.
Brains can be confusing especially when he know that all cards out there are not created equal to -- to break down some of the best and -- credit cards.
Is regional analysts he pro boxer great to see it that he's announced that they are really are not all created equal you don't just have to look at the annual yield or whatever the rate you have to look at a lot of other -- friends and Natalie you have to look.
-- -- -- Have to go into it wanting to figure out what you want out of that credit card so.
-- -- -- -- -- -- -- -- -- -- Lowest interest rates so I broke it down the three best credit cards and three worst credit -- and this is what I came out west helpful let's go let's are the best right at least the best I -- the chase sapphire preferred cart has the best bonus rewards and so if you're the -- personal like to -- traveling like to eat you know -- dinner I out OK so it's easy to Boris points for every dollar spent and then on everything else to get.
One point for every dollar spent.
It has a zero annual -- at the first year -- -- paying 95 dollars for the next consecutive years but there's bonus points start to really wrapped up and you can spend them on you know close you can spend on travel he.
It's really kind of a good system that's great that's -- what -- the second best you say is an American Express.
Right at least if you're small business this is really -- simply catch by American Express open and it's really great for small businesses.
You -- cash back 5% cash back on purchases for office supplies.
Internet service says.
It also there's no limit the cash back even get which is great and small business you just want that money kind of coming and that -- left.
Also there's no annual beyond that went to explain extra money for like that's out of -- -- the third best is Citi dividend card for college student right so if you have a college -- aged sixty days.
-- your college shooting yourself this is great because again you get cash back on the 5% 5% cash back on purchases for.
School -- office supplies.
There's a really low interest rate on this and there's no fee and you don't need a co signer for this card.
Which I guess if -- you know if your college student and you know.
I don't recommend that you don't have because -- able -- please tell your parents if you're gonna get credit for having you don't want about that -- -- good -- I talk about the worst records -- found some -- right -- really I mean they really are some -- so we're talking about the -- Credit card I've -- it never even heard this before -- -- at the worst one for interest rate.
It's -- -- 24 point 9% interest rate and it's really for people they maybe have you know have had a default on payments -- declared bankruptcy.
Basically they they're getting to be a limit of around 300 dollars and here's the kicker they supply you a catalog.
With that credit card that only purchase items from that catalog.
Those items we'll have a -- -- -- about 28 to 50%.
On the price of vs regular items may need get a test fire -- -- -- -- -- let's just mention that we the other two that we should look out for that are bad breaks what's next on matrix matrix really discover secure cards -- secure card -- you pay the money it isn't what the reason why this is bad is because.
They're basically earning almost a 30% interest rate on money that you're giving -- -- eight -- and first premier bank card you hey we're talking about -- galore here it's 95 dollars processing.
A 75 dollar for the first your annual if you go over your -- your gonna have to pay another 35 dollars in fees and your limits public only going to be about 300 all -- anyway from those yet he's alienated -- best three hit that thanks for me and yes it either.