Credit cards for bad credit Where to start
However, the tradeoffs for getting credit with a risky credit history are extra fees and jacked up interest rates. Sometimes, credit card companies even bank on customers' inexperience to hit them with additional fees that more experienced creditors would know to refuse or ask to be waived. Here's how to tell the good student credit cards from the bad ones. * What is the interest rate? The offer is good if the annual percentage rate, or APR, is equal to or only a couple of points above the going rate for a regular credit card. Avoid student credit cards with higher interest rates.