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Credit cards have almost become a necessity in our society. Not having a credit card can severely limit your activities. Many businesses will no longer accept personal checks unless they are accompanied by a credit card, so it has become increasingly difficult to go through life without a credit card. Poor credit credit cards afford you the luxury of having a credit card to do the things you want to do. Furthermore, if you have bad credit, it is imperative that you use credit responsibly in order to rebuild your credit score. Poor credit credit cards can give you this opportunity. By using your poor credit credit card responsibly and paying on time, you can actually improve your credit, thereby increasing your spending limits and the credit options available to you. In this way, poor credit credit cards can be an integral tool in rebuilding your credit.

To determine what type of poor credit credit card is right for you, you'll first need to know what your options are. There are three basic types of poor credit credit cards: prepaid, secured, and unsecured. These are all great options but you need to know exactly which one you need. Each of the three has been highlighted on a different page. So make sure you learn about each type before you make any large decisions.

 
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Unsecured Credit Cards

These cards are regular credit cards with interest rates and fees that are above average. Your credit limit on this type of card will start out low (usually around $250-$300) but can increase over time as you keep the account in good standing. In return for the extension of credit, some creditors will charge application fees, annual fees, and/or participation fees. APRs can range anywhere from 9% to 25%. Annual fees are typically $50-$100 or more. One big advantage to unsecured credit cards is that most creditors report regularly on your account's standing to the three major credit bureaus. This means that as you use your credit responsibly and pay on-time, you will be able to improve your credit with this card.