Worst card for rebuilding credit: Reflex Mastercard®
The issuer Continental Finance may offer this card to you on an unsecured basis, but depending on your creditworthiness, you may be required to put up a security deposit as collateral to get the card. Either way, it’s likely not worth it. Not only does it charge a sky-high 29.99% variable APR, but it also imposes a flurry of fees, including:
- An annual fee of $125 the first year, then $96 after that
- A monthly maintenance fee of $10 starting in year two
- An additional card fee of $30
‘You shouldn’t have to pay outrageous fees because your credit isn’t in good shape,’ says Luthi. ‘There are plenty of credit cards issuers that won’t take advantage of you in this way.’