The 4 Worst Credit Cards (and How to Replace Them)
With thousands of credit card offers, it’s inevitable that some will be better than others. You needn’t worry too much if you have one of the “worst” cards on this list, however, because with this burden comes an easy opportunity for improvement. Simply get our recommended replacement, or a card like it, and your personal finance fortunes will be sure to turn around quickly.
Replacement: Capital One Venture Rewards
As for the pros, it has 0% APR on balance transfers for 6 months, offers 1% cash back on all purchases, provides airport lounge access and makes users eligible for so-called “luxury gifts.” Does this sound like you’re getting enough bang for your buck?
No, so replace the Visa Black Card with the Capital One Venture Rewards credit card, which offers these benefits:
- 25,000 bonus miles (equal to $250 in travel expenses) after $1,000 is spent in the first three months
- Acts basically as a 2% cash back credit card when miles are redeemed for any travel expenses
- Has no first-year annual fee (a $59 annual fee begins in the second year)
Therefore, opt for the Bank of America Cash Rewards card instead. Not only does it have 0% APR on purchases for nine months, but it also provides 3% cash back on purchases made at office supply stores, gas stations and for computer network services, plus 1% on everything else. In addition, it protects users against increased interest rates being applied to existing balances unless they are 60 or more days delinquent, something no other major business credit card issuer does.
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