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With a bad credit and sub-standard credit history, getting a credit card with competitive features isn't that easy. In this article we check out the 5 major drawbacks that have a bad credit credit card. 1. High APR With a poor credit credit card the interest prices are reasonably higher. Forget those 0% intro APRs- they rarely have a bad credit credit card. So, keep the credit card balances low, to stop this high APR from burning a hole inside your pocket. 2. One time processing feeSome credit card issuers charge a processing fee for individuals with bad credit who apply with regard to credit card. This is generally charged by credit card issuers due to the credit checks, other formalities and risk involved in providing credit cards to bad credit people. If you are taking a secured bad credit credit card then this fees could be waived, otherwise it has to end up being paid. The catch here is that credit card issuers demand upfront payment of processing charge. But, a wise credit card consumer will find credit cards company which charges the fees towards the credit card not demands cash ahead of time. 3. High annual feeKeeping the bad credit charge card is definitely going to be expensive in terms of annual fees with respect to the credit report it can go in countless dollars per annum. Bad credit credit cards with 0 annual fees offer is very difficult to acquire. 4. High late payment feeLate payment having a bad credit credit card is seriously penalized. The credit card companies charge large late payment penalties on repayment default and therefore are very quick in reporting the default to credit score agencies with a bad credit charge card. 5. Lower credit limitsSince, the credit card issuers face increased risk in providing charge card to bad credit people, therefore the actual credit limits are lower. The credit limits could be increased with secured bad credit charge card and proper repayment of credit greeting card balances. These 5 factors related with bad credit credit cards increase the price of owning one. Comparing various credit greeting card offers, especially, when you have a bad credit can help you lower the interest and fees burden of the bad credit credit card.






Duran Mueller a specialist author and credit card consultant, offers great American convey credit card tips. Read more bad credit score credit card articles at his credit card web site.

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