People with problematic credit histories often suffer unfairly high mortgage, insurance, loans and car insurance. Moreover, they have difficulties for the credit cards. The whole situation can be very frustrating. Often I get emails from consumers wondering what they can do to return a loan. The first thing I tell them to get a credit card that benifits people with bad credit. The second thing I tell them is in bold type: Read the fine print.

There are only a limited number of credit cards for people with bad credit. At first glance, many look the same. They all help build and rebuild your credit by reporting to major credit bureaus on a monthly basis. They all offer the Visa or MasterCard, you must make a lot of shopping opportunities. And they are all necessary evil can be thousands of dollars in mortgages and car loans in the future. However, you must read the fine print, before working for one of these cards because they are often high annual fees, set-up fees and monthly fees. Here I will examine a few examples of the current charges “bad credit” credit cards are buried in the fine print. Of the three large maps, I will examine only one stands, such as consumer-friendly.

“Poor Credit” Credit Card # 1: The credit card charges a very low interest rate for an unsecured credit card. However, your first glance smallprint shows that it is a one-time setup fee of $ 29th Not so bad. So far, since the next charge is a one-time fee of $ 95 So far we are up to $ 124 in expenses. That’s got to be it, right? No. Add in another $ 48 for the annual fee and $ 6 per month in account maintenance fees. That brings the cost of your new credit card to $ 244 in the first year and $ 120 annually. This is no small change, and a map like this should only be considered if you can not be accepted for a better unsecured credit card for bad credit.

“Poor Credit” Credit Card # 2: The credit card charges a very high interest rate on an unsecured credit card. That can not be good. But the setup fee is only $ 29th Maybe this card is not so bad. There is that pesky monthly maintenance in the amount of $ 6.50 per month, the cost of this unsecured credit card to $ 107th Perhaps we have a bargain. Not quite. The annual fee is $ 150 Yes, $ 150 per year. This not only brings the cost up to $ 257, but you will also pay $ 228 per year only by the credit card. There must be a better offer.

“Poor Credit” Credit Card # 3: This card is a secured and unsecured credit card, based on the issuer’s review of the credibility of the story. The interest rate is average, even competitive. Well, the fine print shows that it is a one-time setup fee. However, based on your credit, this fee can be as low as $ 0 or as high as $ 49th So far, so good, especially if your credit is not so bad. But it has a large annual fee. Not exactly. The annual fee for a secured credit card is only $ 35, and for an unsecured credit card, this fee can be as low as $ 39 or up to $ 79th So far, the cost of the card ranges from $ 35 to $ 128th Now its time for the monthly maintenance fee. This is too big. Or not. The $ 0 This means that you could possible be made to this credit card is $ 128, about half of what competing cards are loaded.

Of course, there are significant differences between the “bad credit” credit cards. Of the three offers we have not only brings you to the cleaners. In fact, “bad credit” credit card # 3 provides great value. All positive changes to your credit credit history, and the result will be lower loan, credit card low interest rates, lower insurance rates, and ultimately, thousands of dollars. The way to rebuild credit has a price, but in the long term, the rebuilding of your credit card with a “bad credit” credit card is the fastest and cheapest way to the often unfortunate circumstances, the damaged credibility of the first and foremost.