Credit Cards

Worst Banks For Credit Cards

Worst Banks For Credit Cards

Are you fed up with sub-par services from your bank regarding credit cards? If so, you need to be aware of which banks you should avoid at all costs! In this guide, we will expose the worst banks for credit cards in the market, helping you make informed choices and save a ton of money in the process. We'll dive into the specifics, giving you details about interest rates, fees, and customer service. So, let's strap in and uncover the banks that you should steer clear of!

Criteria for Ranking Worst Banks for Credit Cards

Interest Rates

One of the primary factors in determining the worst banks for credit cards are their interest rates. High-interest rates can quickly turn your credit card debt into a nightmare, making it harder to pay off your balance and racking up even more debt. Therefore, we consider banks with the highest interest rates on credit cards among the worst options for consumers.


Another factor impacting the quality of a bank's credit card offering is the fees charged for various services like late payments, balance transfers, and cash advances. We put focus on banks whose fees are in the higher range, particularly those with above-average annual fees or predatory practices when it comes to late payment fees.

Customer Service

Let's not forget about customer service. No one likes dealing with rude or incompetent customer service representatives. A bank with poor customer service cannot help you resolve issues and does more harm than good, which is why it's essential to consider the overall customer experience when ranking the worst banks for credit cards.

Worst Banks for Credit Cards

  1. Bank A - With a whopping 25% APR on their credit cards, Bank A takes the top spot in our list. Not only is their interest rate exorbitant, but they also charge a $99 annual fee and aren't very forgiving when it comes to late payments.
  2. Bank B - Bank B follows closely, with a slightly lower APR of 23%, but also falls short when it comes to customer service. Customers complain about long wait times on the phone and representatives who seem uninterested in resolving issues.
  3. Bank C - Ranking third in our list, Bank C has an interest rate of 22% and a relatively high annual fee of $75. Their customer service is also subpar, with reports of inadequate support and difficulty rectifying billing errors.

Worst Banks For Credit Cards Example:

Imagine you're a millennial looking for a new credit card to help build your credit. You decide to apply for a credit card with Bank A, but soon realize that your balance accumulates interest at an alarming rate due to the 25% APR.

As your balance grows, you struggle to make the minimum payment, and the poor customer service from Bank A makes it nearly impossible to get help or answers regarding your account. Eventually, you're stuck with a debt that seems insurmountable, tarnishing your credit history and potentially hindering your financial success in the future.

Now that you know which banks are the worst for credit cards, make sure to avoid them during your quest for the perfect financial partner. Remember, you have the power to improve your financial well-being by choosing the right bank and credit card. Don't forget to share this article with your friends, family, and peers to help them make smarter decisions about their credit card choices. And don't stop here – there's a treasure trove of financial wisdom waiting for you in our other guides on Flik Eco. The more you know, the better prepared you'll be to conquer your financial goals!


About Jermaine Hagan (The Plantsman)

Jermaine Hagan, also known as The Plantsman is the Founder of Flik Eco. Jermaine is the perfect hybrid of personal finance expert and nemophilist. On a mission to make personal finance simple and accessible, Jermaine uses his inside knowledge to help the average Joe, Kwame or Sarah to improve their lives. Before founding Flik Eco, Jermaine managed teams across several large financial companies, including Equifax, Admiral Plc, New Wave Capital & HSBC. He has been featured in several large publications including BBC, The Guardian & The Times.

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