If you’re wondering how to get a credit card with bad credit, hopefully you’ll find this informative.. Credit card companies thrive off of extending lines of credit to consumers who have less than perfect credit history. By taking the chance on lending you money, they increase the annual percentage rates (APR) that they charge in order to make up for the liability. Here are some debt facts that may make you feel a little better about your credit situation:

• 1 in 50 American households carry more than $20,000 in credit card debt.
• According to the Federal Reserve Bank, 40 percent of American families spend more money than they earn.
• Americans put more than $51 billion worth of fast food on their personal credit and debit cards in 2006, a huge increase from $33.2 billion in 2005.

Figuring  out how to get a credit card with bad credit is easy. Using the credit card you get responsibly, however, is a more daunting task.