It’s Golden Globe weekend, so let’s take a look at some golden credit cards. CardRatings.com released the best and worst credit cards of 2010 after asking readers to rate their favorite.
Best Cash Back Credit Card: Blue Cash from American Express
Runner Up: Chase Freedom
Best Airline Credit Card: Blue Sky from American Express
Runner Up (tie): USAA World MasterCard and Southwest Airlines Rapid Rewards
Best Reward Points Credit Card: Chase Sapphire Card
Runner Up: Blue from American Express
Best Value Credit Card: USAA World MasterCard
Runner Up: Clear from American Express
Best Customer Service: American Express
Runner Up: Discover
American Express was the overall winner. None of its cards has an annual fee.
When choosing a card, see how many points it takes to redeem rewards. Check the type of rewards you can buy with your points. Some programs offer better and cheaper rewards than others. Finally, make sure you check for fees.
“Despite the fact that most credit cards have become much more attractive in the past several months, there have been a few credit card offers that have not followed suit and are in fact what some consumer advocates would label as downright rip-offs. Avoid these cards like the plague and, if you do, you will be glad you did in 2011.” said Curtis Arnold, founder of CardRatings.com.
Highest Interest Rate: First Premier MasterCard
Most Hated: Kardashian Kard
Least Disclosure: Best Buy Reward Zone MasterCard
Most Expensive Way to Rebuild Credit: Applied Bank Unsecured Visa Gold Card
If you’re looking for a new card, Bankrate has a good comparison tool. You can search by card type whether you’re looking to transfer funds or earn rewards, by your credit score, or the issuer.