Bad Credit Credit Cards
After Bad Credit, What?
Once you have bad credit, for whatever reason, it will adversely affect many aspects of your life. There are, however, some ways to repair your credit, and obtaining a bad credit credit card is one of them. Realize that fees on these cards can be exorbitant. Typically, these cards charge an annual fee and have a higher interest rate.
Types of Bad Credit Credit Cards
A common credit card for consumers who are considered poor risks, or have bad credit, is secured cards. These cards require you to open a savings account as security for your line of credit. Your credit line is a percentage, usually 50-100%, of the amount deposited to your savings account. Be careful if you are considering bad credit credit cards. Use them to charge small amounts, and pay the amounts in full each month. This is one way to start to rebuild your credit.