My special place to write and think about credit cards for bad credit
Then, once a good payment history is established, the lender may gradually increase the credit limit and eventually switch the customer to an unsecured card. This may sound like a dream come true, but there are cons to bad credit credit cards along with the pros. Certain lenders may charge outrageous fees in the first billing statement that drain the credit limit dry. They may also charge extremely high interest rates that not only drain the credit limit but trigger overlimit fees and charge interest from the moment of purchase rather than granting a grace period. Bad credit credit cards can be invaluable to rebuilding your credit rating, providing you do your homework ahead of time.