Among them? The Hooters MasterCard, with an APR of 25.45 percent and an annual fee of up to $48 for the first year, plus $4 per month after that.
But it’s not the worst on the list. Not by a long shot.
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That makes this card among the worst in terms of restaurant-branded credit cards, according to John Ulzheimer, personal finance expert at SmartCredit.com.
“Even if you have excellent credit, it looks like you’ll get a rate of more than 16%,” he said. “You can definitely find a better card than that with excellent credit — and if you’re credit isn’t so good, you’re certainly going to get hit with that 25.4%.”
Have you ever gotten sucked into using a “credit card from hell”? What didn’t you know before you signed up for it?
4/26 update: Looking for other ways to save money? Read about Stephanie Barr, Atlanta’s own couponer, who will be on TLC’s “Extreme Couponing” Wednesday night. Also, don’t forget about your free pretzel today.
– By Lauren Davidson, Atlanta Bargain Hunter