If you are looking for an unsecured bad credit card one of the best things that you can do is read through a review of the best unsecured credit cards for bad credit. The reason that this is such a good idea is because the review of these unsecured bad credit cards will tell you what types of fees you are facing.
The Tribute MasterCard is one of the better credit cards for people with bad credit because most people can qualify for it. One reason that most people qualify for this card is that you are only given a $300 limit in the beginning, and you will be paying some very steep fees. Your annual fee is going to be $150, plus a $9.95 monthly fee, which equals $119.40 a year. You have a 25-day grace period on your purchases, but after that, your APR is the prime rate plus 24.5%. The annual fee will appear on your first statement, as will your monthly fee. Once your first payment has been made, you will have a credit limit of $180.
The Rewards 660 Visa is a great credit card for people with poor credit, but also great for people with no credit because of the minimum information that is needed to qualify for it. TO get the card you will need to make a $40 payment, and you will need to be able to prove a gross income of $1,000 or more each month. One of the great things about this card is that you are eligible for a $75 limit increase every three months, and your maximum credit limit is $2,000. The APR on the card is 19.92% with a 25-day grace period. In terms of fees, you are looking at a $97 set up fee, a $90 program fee, a $15 monthly fee, and a $48 annual fee.
One thing that you want to remember is when taking out personal loans bad credit causes the same types of problems; you get the high interest rates and the crazy fees.
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