Bad credit credit cards
Bad credit credit cards are becoming more popular especially in this economic scenario.
The interest rates on these cards are a little steeper than for people with good credit.
The providers see it as taking a risk that those with bad credit may not pay them back, and have a higher APR, sometimes in the region of 39.9% to make it worth their while.
The good news is even with bad credit you can build up your credit even with a bad credit credit card.
Although bad credit credit cards don’t have some of the rewards associated with credit cards for people with good credit regular paying off more than the minimum payment every month, can cause your credit limit to be increased.
The main advantage of bad credit credit cards are that acceptance is usually instant, or not as much scrutiny is paid to your credit rating compared to standard banks.
It’s a good idea to try a bad credit credit card if one or two other standard credit cards have refused your application, as continuous applications will only hamper your credit score.
Visit credit cards debt help, for credit cards debt and general debt consolidation advice from our debt experts.
Filed under: credit cards for bad credit