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Credit Card Applications » Credit Card Questions » Other Questions » How good are credit cards for bad credit, and do you recommend them?

How good are credit cards for bad credit, and do you recommend them?

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Date:
December 31, 2006, 3:19 am
How good are credit cards for bad credit, and do you recommend them?
Answer:
Speaking of credit cards for bad credit, nobody can say they are good, as the fees and APRs are high, there are usually no rewards and low credit limit is available. Of course, among bad credit cards you can find those with comparatively beneficial terms and fees, but they can't be compared to good credit cards. The main advantage and purpose of bad credit cards is that they help to build your credit, as if you have limited credit history, your only option is bad credit card which enable you to use a credit limit and helps to accumulate points, provided you pay off your balance accurately.
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