credit card that has a maximum limit - the secured credit card.

Credit cards for bad credit generally fall into two categories. The first is a credit card that has a maximum limit to the amount you can charge. For example a consumer with bad credit may be able to apply for a credit card with a $1000 limit. This can help the consumer from over spending and getting into a financial bind that they cannot get out of.



The second of the credit cards for bad credit is the secured credit card. These credit cards involve the consumer making a small deposit onto the credit card in order to use it. Some cards will increase your spending limit if good spending practices occur while others you can simply only spend what you put onto the card. Either way it is a great way to be responsible with your money and start rebuilding your credit.



These are just two of the great reasons as to why it is not a bad idea to look for a credit card tailored to those with bad credit. Credit cards for bad credit can be the first step in taking the needed steps to restore your credit to good health.