Subprime Credit

[Eugine]

Subprime credit card refers to a credit card issued at a below prime or “below best” interest rate. This actually means a higher interest rate than optimum. Such cards are marketed mostly to people with imperfect credit, and interest levels can vary from a few to very many points below prime. The rate of interest can be shocking on certain cards, and be three to four times the interest offered to those with good credit. Though these cards may be a good option for those working to restore credit, the responsibilities associated with them or their high additional costs, may make them unattractive to some.