Bad credit card approvals are becoming more and more prevalent. This is because the credit card companies don’t really have a choice in the matter, since the average credit rating of the standard American is dropping. Consider the following facts:

Last year, more than 7 million people filed for bankruptcy.
In 2003, the average annual percentage rate [...]

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Usually, the best credit card with bad credit is going to be one with a low limit. By having a credit card with a limit of $1,000 or less, you’re unable to use the card to get in over your head in debt. Furthermore, you’ll be able to make more than the minimum monthly payment, [...]

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A credit card for people with bad credit will generally have a higher annual percentage rate (APR) than one for people who have a higher credit rating. While this may not seem like a big deal, consider the following two scenarios, where the credit card has a $5,000 balance:
1. The first card has an APR [...]

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Instant credit card approval for bad credit applicants sounds exciting, but there really isn’t much to get excited about. Sure, a new credit card poses an opportunity to increase the card holder’s credit score, but that’s assuming it is used responsibly. Quite frequently, that isn’t the case. To be sure, just because you qualify for [...]

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If you need a credit card for really bad credit, prepare to pay outrageous annual percentage rates (APR) and fork over at least $100 for an annual fee. Also, be prepared to pay more than the minimum monthly payment. Here’s why you should:
If you have a credit card with a 16 percent APR and a [...]

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