March 2017 by John Kiernan, Personal Finance Editor, for WalletHub
Read WalletHub’s article
The best type of credit card for people with bad credit, or poor credit, is one that requires a refundable security deposit but charges low (or no) fees. That goes for everyone except those who truly need a modest emergency loan. After all, even the best unsecured credit cards for bad credit simply aren’t very good, charging an arm and a leg for a very small amount of spending power.
Article includes a listing of:
- 2017’s Best Secured Credit Cards For Bad Credit
- 2017’s Best Unsecured Credit Cards For Bad Credit
- 4 tips for getting the best credit card for bad credit
Mike McGonigle answers WalletHub’s questions:
- How can people improve their credit scores using a credit card for bad credit?
- How should people decide between a secured and an unsecured credit card for bad credit?