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About Editor's Picks: Our editor selects credit cards based on the features the credit card offers consumers, including introductory rates, fees, long term interest rates, and its relative value compared to competing offers. While this site receives remuneration from credit card companies, our rankings strive to objectively provide consumers with relevant, unique options.

Does Your Credit Card Suck?

Smart Balance Transfers provides in-depth information and insights into credit cards. While we do accept Smart Balance Transfers provides in-depth information and insights into credit cards. While we do accept compensation from credit card companies when consumers visit their websites, we have striven to provide unbiased reviews since 2007.

Does Your Credit Card Suck?

There are many credit card users that find themselves hating their cards. Sometimes, their feelings are well founded, while others merely extend their general frustrations with these products on which ever card they happen to be using. On the other hand, many credit card users are content with the cards they have, even when they are inferior. If you think that you might not be using the ideal credit card, consider these questions:

Do you have good credit and pay more than 15% interest?

If you tend to carry a balance, you should be using the card with the lowest interest rate. Fortunately, those with good credit are able to qualify for many different cards with interest rates below 15%. If you have good credit, but are paying more than that, you need to find a new card.

Do you have debt and good credit, but do not have a 0% balance transfer rate?

Again, those with good credit are entitled to receive the most competitive products on the market. If you have debt, you can’t do any better than paying 0% interest on it. That is the point of a promotional balance transfer credit card. But if you are continuing to pay off your debt at the interest rate, you should be looking for one of the many outstanding 0% balance transfer offers.

Do you always pay your card in full but don’t earn rewards?

Those who are in the habit of avoiding interest by always paying their balance in full deserve to earn rewards on their purchases. Nevertheless, there are plenty of products on the market that are being used by such people without earning any rewards. The reward card market it so vast, that cardholders have the choice of valuable points, frequent flier miles, cash back and more. You can view rewards offers here.

Are you paying an annual fee for a card that doesn’t offer rewards?

Anyone paying an annual fee should be receiving rewards that are worth far more than the cost of the card. Unfortunately, there are still some products out there that charge an annual fee without offering much in the way of rewards. Even for those with a poor or limited credit history, there are still secured cards with little or no annual fee.

So if you find that your credit card isn’t living up to competitive standards, it pays to get a new one that does. Neglecting to do so is simply a waste of money and it can be easily avoided.

Editor's Note: This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Citi or any of the other companies whose products are featured in this content.

About the author

Jeffrey Weber

Jeffrey Weber has been following and blogging about the credit card industry since 2004. He has also written for Forbes and been cited in a wide range of major media outlets including USA Today, Time, MSN Money, The Christian Science Monitor, The Detroit Free Press and numerous other prestigious online and print publications.

Jeffrey resides in Easton, Connecticut and enjoys spending his free time chasing after his two year old son, watching films with his wife and occasionally taking a holiday to go snorkeling.

– has written 46 posts.

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