Credit cards for bad credit are in high demand and so are the unsecured credit card scams. Our current economic situation has taken its toll on the financial well being of many Americans. Consumers who once had great jobs and credit histories now find themselves unemployed with bad credit trying to get by very little cash and no credit cards to secure hotel rooms, car rentals, etc. Times like this make people desperate and in the end make irrational or wise decisions when it comes to their finances. Predatory lenders know this and are waiting for unsuspecting consumers desperately needing a credit card to secure every day needs and to rebuild their bad credit scores. Before you apply for any of the unsecured credit cards for bad credit, please read the information below carefully.
If you find yourself in this or a similar situation, you have probably been considering one of the credit cards for bad credit from issuers such as Continental Finance, First Premier and Applied Bank. Your probably getting excited about the possibility of getting a credit card, even if it is one of the unsecured credit cards for bad credit. You feel a sense of accomplishment as well as a sense of relief at the thought of getting a credit card. However, before you apply for any of the cards you find, you seriously need to take a look at what is being offered and the total cost of card ownership for each of the credit cards you are interested in getting. You may be horrified at what your getting yourself in to.
When you start looking at the costs of many of these unsecured credit cards for bad credit, you find that the majority of these cards have either high fees, high interest rates or both. For example, the Continental Finance credit card is packed with fees during the initial sign up. If your hit with the max fees (most are) for getting the card, your initial credit limit of $300 will be reduced to only $25. That is a whopping $275 in fees! Can you say scam? So as you can see, when it comes to getting a credit card, the credit cards for bad credit are not all they are made out to be and most are down right scams and predatory in nature.
Orchard Bank – Best Credit Cards for Bad Credit
If you have bad credit and are looking for a credit card, we highly recommend the Orchard Bank MasterCard and Visa credit cards for bad credit. Out of all the cards marketed to people with bad credit, this Orchard Bank stands alone and offers a credit card that is comparable to some prime cards. No junk fees, monthly fees and interest rates that can be better than some prime cards. If you want a bad credit credit card, this is the card for you. Check out the features and benefits below.
Interest Rates – 14.99% – 24.99% (based upon your current credit), secured credit cards are 7.99%
Low Annual Fee – $39 – $59 (based upon your current credit)
No Junk Fees – This means no monthly fees, no account maintenance fees, no participation fees, no acceptance fees or other scam fees
Rebuild Your Credit – Reports your account history to all 3 credit bureaus as unsecured
As you can see, Orchard Bank is clearly the most affordable of the credit cards for bad credit and the best choice for you to rebuild your bad credit history. Choose your card below and get your approval in less than 60 seconds.
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* It is our goal to offer you the credit card that best fits your credit profile, which may or may not be the card you originally inquired about. You may be offered a secured card or an unsecured credit card, and with different terms and conditions which will be disclosed before your application is processed. The initial credit limit, interest rate and all fees are based upon your credit worthiness.
Annual Fee is determined by your credit worthiness and is $39 or $59 the first year, or $0 – $49 Introductory the first year, then either $35 or $59 per year thereafter.
Depending on your credit history, you may be charged a processing fee of up to $59. This is a one time fee and is totally dependent on your current credit score.
All of the comparisons on this site are done based upon the details of each card compared. These details are derived from either the cards own web site or their direct mailers and are believed to be current at the time this site was developed. We encourage you to check the details of each card offered for full disclosure and to ensure that nothing has changed. However, we believe that after all comparisons are made, you will find that Orchard Bank provides the best unsecured credit cards for bad credit available.