Sign Up. Credit cards for bad credit help people with credit scores from 300 to 639 rebuild their credit. Although one of the newest types of credit to appear on the scene, unsecured credit cards rose in popularity throughout the latter half of the 20th century, and today there are hundreds of millions in the US alone. Your credit card company may temporarily reduce your interest rates for a hardship if you ask for it. You charge purchases on your credit card up to the credit limit. One is to offer a lower credit limit on the card. Avoid giving your credit card and other sensitive information online without first researching the business. In the credit card world, you need credit history to get a good credit card. This activity can happen in different ways: If you lose your credit card or have it stolen, it can be used to make purchases or other transactions, either in person or online. Plus, all major credit cards for people with poor credit … The best credit cards for bad credit have annual fees as low as $0, and some even give rewards equal to 1% cash back or more on purchases. Better Business Bureau (BBB) . For more tips you can trust, visit bbb.org. For credit card companies, there are two ways that they limit terms during an economic downturn. Credit card fraud is when someone uses your credit card or credit account to make a purchase you didn't authorize. Until then, Hardekopf suggests that consumers reach out to these groups if credit-card (or other financial) companies won't act to resolve complaints. Credit Card Arena. Monitors and reviews local advertising and tracks and reports on charitable organizations. Remember that the credit card’s interest rate will return to normal when the term ends. A credit card’s interest rate is the price you pay to the company for the ability to borrow money. To get credit history, you start with an entry-level card and work hard. Here we provide everyday consumers with the resources they need to succeed in an ever-changing world of credit and debit, spending and earning. We show you more of what the web has to offer, so you can compare on your own time, and narrow in on the options that are best for you. Unlike charge cards, unsecured credit cards are revolving, meaning you can carry a balance (for which you’ll likely be charged interest fees). Takes complaints on companies and arbitrates problems and disputes. Missouri - Better Business Bureau (BBB) Contact for pre-purchase inquiry and complaint information on local businesses. Credit Card Arena is an aggregator of information about credit, and any information on the site is from third parties and is for educational use only. Establishing a payment plan to pay off existing balances Welcome to Credit Card Arena! The other is to reduce the 0% APR period you enjoy when you first open the account. Secured credit cards can be great ways to build credit while paying minimal fees (especially compared to unsecured subprime credit cards). The period between the end of the billing cycle and the payment due date is the grace period, which is usually in the 21- to 25-day range. Credit cards divide the year into billing cycles, usually one per month.