10 Credit Cards for Those With Bad Credit
1. Credit One Bank Credit Card With Gas Rewards As far as credit cards for bad credit goes, this credit card…
How Credit Cards Work: Understanding Credit Cards
A credit card is essentially a loan from a bank that can be taken out at any time during your discretion. When you use credit, you are effectively taking out a loan against the issuer of the credit card. Therefore, you have an obligation to pay that debt. A credit card issuer will impose a credit limit on you according to your credit score and credit history. Those with a bad credit score will usually have a low credit limit as well as those without a credit history. This is because there is always an inherent risk in loaning someone money.