With options for cash back rewards cards available to cardholders of every credit type (even some secured and
subprime cards offers cash back rewards), nearly anyone can earn at least 1 % cash back rewards on their purchases, making almost any cash back rewards card comparable to — if not better than — the Boscov's Credit Card's lower - tier rewards.
Not exact matches
Credit Shop reportedly also plans to market a credit
card of its own within the year and will likely extend the
offer to its growing list of
subprime account holders.
The companies
offering these
cards target consumers with FICO scores of 660 or less, which the credit
card industry considers «
subprime.»
You may actually receive a host of credit
card offerings from
subprime lenders, who know you're restricted from discharging another bankruptcy any time soon.
In October, a South Dakota
subprime credit
card marketer, First Premier Bank, raised eyebrows when it
offered a
card with an interest rate of 79.9 percent.
By comparison, the average APR for
subprime credit
cards — which are generally
offered to consumers with severely damaged credit — clocks in at 22.86 percent.
«It's the bottom rung of consumer credit
card offerings at the most
subprime level.
Most secured credit
cards do not
offer this type of perk, since the
subprime credit
card market isn't generally viewed as competitive or desirable for issuers.
-- Experts say they're a headache, issuers rarely
offer it, yet the co-signed credit
card may be making a comeback as a more - regulated industry searches for lost profits... (more) 4 questions to ask before you co-sign on a credit
card — Explore alternatives and find out what you're in for with these questions for anyone who asks you to be a co-signer on a credit car or other loan... (more) Issuer of 79.9 percent interest rate credit
card defends its product —
Subprime credit
card marketers are looking for ways around new restrictions on sky - high fees for bad credit
cards.
The score is used to make «approve or deny» decisions, set interest rates, determine what products to
offer (premium
cards versus
subprime cards).
If you have
subprime credit, bank can
offer you poor credit credit
cards or other
cards with pre-approving.
- If you are new to the country, or are looking to establish credit, you will likely have to rely secured and
subprime credit
card offers to help establish credit.
I think it's incumbent upon anybody who's going to get a credit
card to do some comparison shopping, to evaluate your
offers; are they
offering you something that's a
subprime type of deal?
Not surprisingly, the
cards with the highest APRs are typically
offered to those with
subprime credit, who creditors often view as a greater risk.
Bad credit
card issuer's moves send interest rates lower — Interest rates on new credit card offers fell this week, according to the CreditCards.com Weekly Credit Card Rate Report, after subprime issuer Credit One tweaked some of its card offers... (See Rate rep
card issuer's moves send interest rates lower — Interest rates on new credit
card offers fell this week, according to the CreditCards.com Weekly Credit Card Rate Report, after subprime issuer Credit One tweaked some of its card offers... (See Rate rep
card offers fell this week, according to the CreditCards.com Weekly Credit
Card Rate Report, after subprime issuer Credit One tweaked some of its card offers... (See Rate rep
Card Rate Report, after
subprime issuer Credit One tweaked some of its
card offers... (See Rate rep
card offers... (See Rate report)
These
cards are far superior to the average
subprime card that
offers higher rates and no rewards.
Overall, fair - credit consumers will generally be
offered an APR at the high end of the range for prime
cards, but may qualify for the low end of the range with a
subprime card.
Outside the
subprime cards, however, annual fees aren't generally necessary to find a quality credit
card, not even one that
offers solid rewards.
This means most prime credit
card issuers won't feel comfortable
offering you unsecured credit, so your credit
card options will likely be limited to secured credit
cards or
subprime unsecured credit
cards.