Consumer Reports names 12 best and 3 of the worst credit cards

Posted Monday, October 6, 2008 October issue offers tips for cardholders to avoid credit card traps Yonkers, NY — Consumer Reports analyzed hundreds of credit cards and named a dozen that are worthy of consumers’ consideration—and three to stay away from. Among the best credit cards for low-rate/low-fee are: Capital One Platinum Prestige, Clear from American Express, and Iberiabank Visa Classic. The best cash-back cards included Capital One No Hassle Cash Rewards, Chase Freedom Visa, and Discover More. Among the best gas cards were Chase PerfectCard MasterCard, Discover Open Road, and Hess Platinum Visa. Three cards to avoid were First Premier Bank, HSBC American DreamCard and New Millennium Visa or MasterCard. Although some consumers have avoided any direct effect from the storm clouds in the economy, the credit-card... [read full story]