Three Types of Credit Cards You Should Avoid

There are a lot of credit cards out there. Some of them good, offering rewards and other perks for customers. Some of them aren't so good, taking advantage of less-informed consumers who may have bad credit or no experience with credit cards. These predatory cards may be hard to spot, especially when you're in a vulnerable financial position and "need" credit.

So how do you recognize these bad credit cards? One way is to look at the fees charged. Credit cards with high fees so high they eat up your credit limit are not worth having. You end up with a credit card balance without ever charging anything! These types of credit cards only hurt you. They will never help you.

High fees aren't the only sign of a bad credit card. Find out other types of credit cards you should avoid.

Related:

• Common Credit Card Fees
• Understanding Credit Card Features
• Using Secured Credit to Rebuild Bad Credit