For example, an unsecured credit card may offer zero or low interest for an initial time period and then revert to a normal or high interest rate. However, there will be an account set up fee, program fee, annual fee, monthly service fee, and additional card fee that may apply. It is very important to read all the terms and conditions before signing up for these unsecured credit cards. Many of these high fees are applied the instant you get approved for the cards, and they can add up to hundreds of dollars.

A typical bad credit card that is unsecured may offer a low initial interest rate of 9.9%, and charge 19.9% and a fee for cash advances, plus a $94 annual fee, a $48 program fee, an $84 annual monthly service fee that is charged at $7 per month, and $20 per extra card. Fees are charged immediately, and you could be at your low $250 credit limit before you even charge on the card! There are high late and over the limit fees, and other fees, so it is very important to read all terms before you apply for any unsecured credit card.

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