Consumer Reports names the 'Worst Credit Card'

Geoff Williams
Updated
credit cards, wallet, consumers, worst credit, Consumer Reports
credit cards, wallet, consumers, worst credit, Consumer Reports

If you're in the market for a new credit card, you picked the best time to go shopping. That's because the November issue of Consumer Reports has done us all a service by revealing the two worst credit cards you could get your hands on. The top spot -- and the one you want to avoid above all others -- goes to First Premier Bank MasterCard.

So just what was it that earned this card its dishonorable title? For starters, the processing charge is steep and not even consistent. Depending on when you go to First Premier's website, you might get zinged with a processing charge of $25 -- or $95. (The first time I looked, it was $45. The second time, $25. Keep it up, and the fee is all over the map.)

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