The content is accurate at the time of publication and is subject to change.

If you are trying to get yourself approved for bad credit cards, which are cards for people whose credit history and score are less than ideal, consider the rates, fees, costs, and limitations attached to such cards.
Most companies dealing with credit cards for bad credit will offer instant approval. Do you know why? Because there are so many costs and fees attached to the card. In terms of rates, subscribers should know that the APR, or annual percentage rate, for regular purchases is more or less 10% while cash advances have a whopping 20% APR. If an individual is unable to pay his payments for some time, his APR for regular purchases could double. The rates should not be ignored since they are quite substantial.
In terms of costs, once the credit card for people with bad credit is approved, an individual cannot expect to get his card on the mail for free. Regular cards maybe but not bad credit cards. Usually, he will need to shell out something for setting up the account, program fee, annual fee, and monthly service fee. This could total about $250, which are all included in your billing statement. So, there is no need to look for that amount. Just be prepared to pay for it the next month. For cash advances, a subscriber must pay up to $10 for every transaction on top of the very high APR. Late payments and exceeding the credit limit could be charged at least $29 each.
Getting bad credit cards does not equate to getting the maximum credit limit that most companies boast on their websites. The reality is, if your credit history is so colorful, you will likely end up with only $250 of credit limit in your account. The limit on the amount you could use out of that is about $70, with $25 for cash advance. Considering the cost of getting the card, it could take you about three months before you can actually use the card if you will not pay for the entire cost when it becomes due.
The $250 limit is not for everyone though. Others could get as high as $10,000, while some could get a couple of thousands.
If you have selected the additional card option, your fees, costs, and limitations will also change. Your fees and costs will increase while your credit limitations will go down since someone is sharing it with you.