Credit Cards For Bad Credit

561-650 Bad Credit Rating. With bad credit, you run the risk of many lenders rejecting your application immediately. They won’t stop to analyze any of the other factors in your application. If you manage to successfully receive credit, you will pay some of the highest interest rates available. Any loan you receive will have an expensive monthly payment. You will also get a very small credit limit. The variety of credit cards available are off limits because you won’t qualify for them. That means you will not qualify for platinum cards, premium rewards cards, travel cards, and other elite benefit cards.