There are 4 main cards out there at the moment on the bad credit card market, and they are all pretty good considering what they exist to provide you with. Let’s just get it straight that these credit cards are not here to make your life easier, they exist with the sole purpose of rebuilding your credit rating and training you to manage your credit cards a little better than you did in the past…
The fist one on the list is usually the Capital One Progress card lately and it’s not too bad:
- High 34.9% interest rate. However, this rate shrinks by 5% every six months if you maintain a healthy account and the balance is paid in full every month.
- Realistic credit limits of up to £2,500
- Identity theft protection.
- Online account management to make sure you’re doing everything right.
- Purchase protection insurance.
- Also a free credit report, just so you know what you’re up against.
These should be steps that you are willing to take in order to clear up your bad debts and not get into any more. The worst reason for getting into further debt is the one that suggests you were trying to get out of it! How frustrating is that?
Tags: Bad credit cards, Bad debt, Capital One