5 Credit Cards worth avoiding according to Forbes

Ideally, I would like to think we should avoid ALL credit cards...lol

• American Dream Credit
• New Millennium
• First Premier
• Total Visa
• Marathon Platinum Reward Card

Check out the annual fees if you watch the slideshow. Some have annual fees which amount to more than 90% of the total credit limit. You may want to tear up those pre-approved offers. Don’t fall in love with the credit limit. Study the hidden charges. Just something to think about.

For example, here is the breakdown of the First Premier Master Card:

“This gold Mastercard is unsecured and certainly appeals to those with poor credit who want the cachet of a gold card with a low 9.9% rate. But check out the fees: $29 for account setup, $95 for a "program fee," $48 for the annual fee, $84 annual for the monthly servicing fee, and $20 for each additional card. That adds up to $256 annually. And get this: The typical maximum credit line on the account is $300.” --Forbes.com READ MORE...