If your credit score is in the doldrums, you won’t qualify for a lot of standard credit cards–especially the best rewards credit cards. But some cards are targeted toward those who have bad credit. Many of the strongest options are among secured credit cards, which require the cardholder to make a security deposit as collateral. If you deposit $200, for example, you may have a $200 spending limit on a secured card. Some unsecured credit cards are available to those with bad credit, but they often come with high interest rates and fees, and you won’t be able to fall back on a security deposit if you miss payments.
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See AllA few months before our son’s recent wedding, I sat down with him and his fiancée and talked about (what else?) money. I’ll be doing the same soon with the younger of our two daughters and her fiancé,
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