Three Credit Cards to Avoid

Consumer Reports recently picked twelve of the best credit cards available. While they were at it, they also spilled the beans on the three worst credit card deals they found. What qualifies a credit card to end up at the top of Consumer Reports' "worst of" list? Fees, mostly. Lots and lots of fees.

And the winners (losers?) are…

The New Millennium Visa or MasterCard; HSBC's American DreamCard; and the First Premier Gold MasterCard.

The lattermost credit card was so abysmal that it received a special mention all its own. Card holders who sign up for a First Premier Gold MasterCard will be welcomed into the fold with a $29 account setup fee. But this card keeps on giving – if, by giving, you mean "charging exorbitant fees". Next comes a hefty $95 program fee, followed by a monthly $7 service charge. As if that weren't bad enough, card holders pay between $48 and $68 for the "privilege" of carrying this card in their wallets.

America, you can do better than this. When you see one of these credit cards coming, run far and run fast. Apply for something - anything - else. It's almost guaranteed to be a better choice than these three.