Benefits offered by bad credit credit cards

The benefits offered by the different bad credit cards does vary so take a look at the table to see the key differences. The Vanquis credit card and the Aqua credit card both come with 0% interest on purchases which is not included with the Capital One bad credit card. However the Capital One credit card offers an attractive interest rate and comes from one of the most established providers of credit cards for bad credit loans.

Unsecured credit card means that you are using the credit card to purchase items and paying later. The other type of bad credit credit cards is the prepaid credit card or the secured credit card. This type of credit card means that you have paid a certain amount to establish a balance and then you use the credit card like a debit card. For some the secured credit card is a better option to increase their overall credit scores. You will still have a set up fee as well as a charge every time you deposit money into the account. You also have to have the money for the account, so that could make your decision easy regarding secured and unsecured cards. Keep in mind that you really want to look out for the interest rates, and pay the entire balance off to avoid those interest rates.

So if you need a second chance to re establish your credit rating or are looking to build your credit rating then one of the above bad credit credit cards is likley to be a very good option for you.

As with any type of credit card it is always important to use the credit made available to you carefully. If you do not pay off your credit card balance every month then the interest charged on your bad credit card can soon mount up and if you then fail to meet your minimum payment obligation you will damage your credit rating even further.