The bad credit cards
Before you go on your search for a credit card designed for bad credit, you’re first going to want to decide if you should head toward a bad credit card or a secured credit card. The difference between the two is that one takes a deposit and the other is simply a credit card with a higher APR rate. Please keep in mind that the chances of you getting approved for a bad credit card are slimmer than a secured credit card. A bad credit credit card is generally designed for people that have mediocre credit, so don’t let the word “bad” fool you. Sometimes people look at the word bad and just assume they have bad credit. The thing they don’t realize Is that you still can get denied for an application.
Most people assume that they will be approved regardless. This is not the case with a bad credit card but with a secured credit card, you chances of being approved are great. Let’s first talk about a bad credit card. This type of credit card is designed for people with mediocre credit like I mentioned above. If you have declared bankruptcy, I highly recommend you apply for a secured card. A bad card generally has a higher APR compared to most regular credit card. Keep in mind that these cards also don’t carry any rewards like most credit cards, so don’t rely on this. The chase credit cards