Bad Credit Cards FAQS

Yes, if your priority is to build credit. If you just need a card for electronic transactions, it might be better to consider a prepaid debit card. Prepaid cards provide 100% guaranteed approval, no credit check and no bank account required. This is great for people with bad credit. You shouldn't fear denials. Prepaid cards also help you control your spending, you can only charge to your card what you have pre-deposited. As a rule prepaid reloadable cards are less costly than credit cards for bad credit. As the latter ones have high interest rates, higher annual fee, and procession fee. Credit cards for people with low scores usually have an initial limit of $300 with credit line...

To choose a credit card for bad credit, please, visit our Bad Credit Cards page. We have credit cards and prepaid debit cards presented on the page. Though some prepaid debit cards provide opportunities to build credit, if building credit is your primary goal, you should focus on credit cards for people with bad credit history. Secured cards do have a little lower interest rates and easier approval, as you provide a cash deposit as a guarantee to the bank, yet you can still get a regular credit card. Before you apply, make sure to read terms and conditions, what are the requirements for approval, compare interest rates, fees, available credit limits, etc. Make sure the credit card you...

It does sound good to use your credit or prepaid card and earn bonuses or rewards. It feels like getting free stuff. But to really benefit from a rewards credit card, you need to spend a certain amount of money to make it worth. Anyway, credit cards with rewards are usually offered to consumers with good or excellent credit, and rewards credit cards can have an annual fee or a higher APR. Credit cards for bad credit are already more expensive and have higher interest rates and fees than offers for people with good scores. Credit limit is also usually lower, and you won't be able to spend enough to benefit from rewards you earn. It probably won't be efficient to have a rewards...