Credit Card News

Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Other » Three Credit Card Issuers Make the List of Most-Hated American Companies

Three Credit Card Issuers Make the List of Most-Hated American Companies

By
Add to Favorites:
Three Credit Card Issuers Make the List of Most-Hated American Companies

You can probably conjure up in your head visions of some of the beloved American companies spread out across the nation. But, what about the most hated companies in the country? Yes, it’s true that even companies have popularity contests. Harris Interactive just released the results of its U.S. Reputation Quotient (RQ) Survey. You may or may not be surprised by the companies which hit the bottom of the list.

Not Feeling the Love

Each year, Harris Interactive releases the results of a study revealing the popularity of corporations in America. This year, three credit card issuers were on the bottom of the list, which also means that these are the most hated or the least loved of the batch. The credit card companies on the list are as little loved as the oil companies – which means they are pretty much not feeling the love at all.

The three credit card companies that are bringing up the rear include:

Not one financial corporation made it into the top 10 on the list this year. Citigroup was one of the companies voted as not “being trusted to do the right thing,” and not having “high ethical standards.”

Ratings Scale

In order to put it in perspective, it is first important to understand what the companies were rated on in the first place. Six factors were taken into consideration in ranking the companies. The six factors include financial performance, products and services, workplace environment, vision and leadership, social responsibility and emotional appeal.

This is the 12th consecutive year that Harris Interactive has conducted the study and released the results. The survey consists of 30,000 American consumers that Harris Interactive polls using an online survey format. The survey is divided into two parts. The first part asks the respondents to name the 60 most visible companies in the country. After the list is created, the respondents are then asked to rate the companies on the six factors.

It’s reasonable to surmise that the unpopularity of credit card companies can be attributed in large part to the “social responsibility” factor. Card companies routinely raised interest rates and penalty fees on its customers during the financial crisis and made it even more difficult for families where a breadwinner had lost his/her job. Perhaps over the next few years, ratings will rise as credit card companies have recently moved to offer better rewards programs and terms for credit card holders.

Add to Favorites:

Related News:

IBM & Visa Partnering Up to Connect up to 20 Billion Devices to Payments

By Dar Dowling, Posted: February 23, 2017

Have you ever wished you could make a payment from your ring, an appliance or maybe even your car? Well your wish may well come true due to a collaboration between IBM and Visa, designed to enable payments from all kinds of devices and ... Continue reading
Finances and Marriage – Its an Issue

By Dar Dowling, Posted: February 22, 2017

Finances can play a very real role in divorce, but it can also have a profound effect on a couple’s financial health after divorce papers have been signed and put away, according to a new national study by Experian. Continue reading
Small and Medium Businesses Are Feeling Hopeful and Confident

By Dar Dowling, Posted: February 21, 2017

If you have felt a sense of hopefulness when visiting small and medium-sized businesses, you’re in sync with the trending vibe, according to the inaugural American Express Global SME Pulse. The study found that these businesses are feeling ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Unlimited 1.5x rewards on every purchase, every day. For every $1 you spend, you earn 1.5x Miles.
For Excellent, Good Credit
Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
For Excellent, Good Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit