Top 5 Major Drawbacks Of Bad Credit Card
With bad credit and less than perfect credit history, it is not so easy to get a credit card with competitive features. In this feature, we take a glance at the 5 major drawbacks that appear with a bad credit credit card. But first I want to inform you that if you want to check the BIN code of the credit card then you can easily check it from the bincodes . The Top 5 Major Drawbacks Of Bad Credit Card Are: 1. High APR With bad credit cards, interest rates are reasonably high. Forget those 0% intro APRs, they rarely come with a bad credit credit card. So, keep your credit card balance low, to prevent this high APR from burning a hole in your pocket. 2. One-time processing fee Some credit card companies charge processing fees for people with bad credit who apply for a credit card. It is usually taken by credit card companies due to the risk involved in providing credit checks, other formalities and credit cards to people with bad credit. If you are going for a secured bad credit card the...