Digital News Report – While some financial advisors recommend cutting up your credit cards, they are still needed to rent cars, hotel rooms and make some online purchases.
A bad credit score can be a hindrance to acquiring a card. But there are many options including a secured card and high-interest-rate credit cards. Some cards will have interest rates as high as 59% – or more.
The Public Savings Bank Secured First Visa® Card has a 9.75% APR on all balance transfers. It is a real credit card, not just a debit card. There is a $50 annual fee.
This card is available to anyone with poor or bad credit. It is also available to people with no credit history. The card can be used for improving a credit score.
Since the bank reports payments to the three credit bureaus, on-time payments will reflect well on the cardholder’s credit report.
The ongoing interest rate is variable and based on the Prime Rate, plus 6.5%.
By Tina Brown