To get credit history, you start with an entry-level card and work hard. For more tips you can trust, visit bbb.org. Missouri - Better Business Bureau (BBB) Contact for pre-purchase inquiry and complaint information on local businesses. In the credit card world, you need credit history to get a good credit card. Sign Up. The best credit cards for bad credit have annual fees as low as $0, and some even give rewards equal to 1% cash back or more on purchases. Better Business Bureau (BBB) . One is to offer a lower credit limit on the card. Credit cards for bad credit help people with credit scores from 300 to 639 rebuild their credit. Credit card fraud is when someone uses your credit card or credit account to make a purchase you didn't authorize. We show you more of what the web has to offer, so you can compare on your own time, and narrow in on the options that are best for you. Credit Card Arena is an aggregator of information about credit, and any information on the site is from third parties and is for educational use only. Credit Card Arena. For credit card companies, there are two ways that they limit terms during an economic downturn. Unlike charge cards, unsecured credit cards are revolving, meaning you can carry a balance (for which you’ll likely be charged interest fees). The other is to reduce the 0% APR period you enjoy when you first open the account. Plus, all major credit cards for people with poor credit … Although one of the newest types of credit to appear on the scene, unsecured credit cards rose in popularity throughout the latter half of the 20th century, and today there are hundreds of millions in the US alone. Your credit card company may temporarily reduce your interest rates for a hardship if you ask for it. Establishing a payment plan to pay off existing balances Credit cards divide the year into billing cycles, usually one per month. You charge purchases on your credit card up to the credit limit. Avoid giving your credit card and other sensitive information online without first researching the business. Secured credit cards can be great ways to build credit while paying minimal fees (especially compared to unsecured subprime credit cards). A credit card’s interest rate is the price you pay to the company for the ability to borrow money. Welcome to Credit Card Arena! This activity can happen in different ways: If you lose your credit card or have it stolen, it can be used to make purchases or other transactions, either in person or online. Remember that the credit card’s interest rate will return to normal when the term ends. Here we provide everyday consumers with the resources they need to succeed in an ever-changing world of credit and debit, spending and earning. Takes complaints on companies and arbitrates problems and disputes. The period between the end of the billing cycle and the payment due date is the grace period, which is usually in the 21- to 25-day range. Until then, Hardekopf suggests that consumers reach out to these groups if credit-card (or other financial) companies won't act to resolve complaints. Monitors and reviews local advertising and tracks and reports on charitable organizations.