Folks are fed up with credit card issues.
One told us, "It's a no-win situation with credit cards."
Another complained, "There's all sorts of fees, and you're never sure what you're paying for half the time."
And a third said, "I'm trying to just get rid of credit cards because of the interest rates. It's just outrageous."
If you don't like your credit card, you're not alone, according to Consumer Reports.
Greg Daugherty with Consumer Reports found, "One out of three people we surveyed said they had a problem in the past year with things like a new annual fee, higher interest rates, or fewer rewards."
Meanwhile, the sheer volume of credit-card offers is up, with enticing low initial-interest rates and attractive cash-back offers.
Consumer Reports says before you jump at an offer, check out the fine print.
Greg advises, "If you carry a balance on your card, the key features to look for in a new card are low balance-transfer fees and low interest rates. And make sure you know how long that new interest rate will last."
Consumer Reports checked out a variety of cards and found three good deals for people who want to transfer a balance and don't plan to pay it off right away.
Iberia Bank Visa Classic charges a two percent balance-transfer fee and just one-point-nine nine percent interest for six months on balances transferred.
Simmons First Visa Platinum has no balance-transfer fee, and charges a seven-and-a-quarter variable interest rate on transfers and any new purchases.
The PenFed Promise Visa has no fees of any kind and a low, four-point-nine-nine percent interest on balance transfers for 24 months.
Greg says, "With this card, you do need to join the PenFed credit union. Membership is free for members of the military and employees of the U-S government, but anyone else can join for just a few dollars."
Since the average interest rate on new cards is about 14 percent, these cards are well worth considering. Betty Sexton, 11Call for Action.
Cards that offer rewards can look enticing, but Consumer Reports says they generally have higher interest rates. If you don't pay off your balances every month, the interest could easily wipe out any rewards you might earn.
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