Bad credit credit cards

Hi chandanlinks,

In today's market situation, it is quite difficult to get a credit card with bad credit. Nevertheless, if you get a credit card with bad credit, it will have a high interest rate. However, if you can pay it off on time, then it will help improve your scores.

Take care.

Hi Hi chandanlinks!

Welcome to the forums!

A person goes for bad credit cards only when he does not have the required scores to get for a normal credit card with good rates. If managed responsibly, even a bad credit credit card will help you rebuild and improve your credit to qualify for better rates and terms in the future.

Feel free to ask if you've further queries.

Sussane

The main and which I think is the only benefit of bad credit credit cards is that it gives people with bad credit a chance to improve on their credit scores. People with bad credit credit cards or secured credit cards, also need to pay on time and in full and if they do so religiously and their credit scores improve, credit card companies will eventually automatically offer them regular credit cards.

Hey there chandanlinks! Bad credit credit cards are beneficial for people who are looking for ways to improve their credit. People with poor credit woget qualified for a regular credit card, but they will be able to qualify for bad credit credit cards or secured credit cards. They are basically the same with regular ones, the only difference is that you have to put a deposit which in turn will serve as your credit limit. If you use your secured credit card sparingly and then pay the balance on time and in full every month, this will help you improve your credit score