Maybe you have had a bankruptcy in the past. Maybe you were young and got yourself into a hole with debt. Whatever the reason for bad credit history, now your credit score isn’t great. So, should you get a credit card?
There are pros and cons to getting a credit card even at the best of times, and credit cards for bad credit should be considered carefully. When someone’s credit isn’t great, credit card companies have to levy fees and interest to off-set the risk of that person spending money on a credit card and then not paying the bill. This is especially true if you’re getting an unsecured credit card for bad credit – secured credit cards have a deposit to protect the credit card company, and unsecured credit cards don’t.