5. Bad Credit Credit Cards

Maybe you have bad credit, but you don't want to pay a security deposit.

Some banks offer bad credit credit cards.

These cards are designed specifically for people with bad credit and don't require a security deposit.

Unfortunately, these cards come with a very low credit limit, and interest rates can be as high as 25% or 30%.

Because of the high rate, these cards are better suited for those who can pay balances in full every month.

No Preset Limit
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