Poor Credit Rewards Programs

Credit card issuers are increasingly realizing that there is a huge market of people with poor credit who have available funds but limited credit history, or a poor credit rating. If used wisely, such cards for people with bad credit may help get customers back on financial track.

Cards offered to those with poor credit are often secured, which means that customers must provide funds in advance. However, there are some true credit cards available, although they generally have charges attached and significant penalties for payment default or late payment. Many secured credit cards also charge a range of fees. Interest rates can be high and credit limits are often modest.