Subprime Credit Cards

A special type of charge account that is catered for individuals that are new to credit or has a bad credit history. This card is similar to secured cards such that you can have the chance to improve or build a positive credit history. A subprime credit card carries higher interest rates, larger annual fees, and riskier punitive fees. While secured cards are more appropriate for people with a negative credit history, you can qualify for a subprime credit card without much requirements.

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