Secured credit cards Discussion of the basics
You're a savvy consumer. You know not to be taken in by offers of 0% interest rates, and you know your regular APR from your default APR. But do you know all the other stunts credit cards can try to pull? Before you take out a new card, check to see whether it is one of the types of credit cards to avoid. • Credit cards bearing a yearly fee. Annual fees are a relic of the days when credit was so rare that only the very wealthy owned them, and they were willing to pay for the privilege.