00:00If you have poor credit or no credit history, choosing the right credit card can be difficult.
00:09There are options out there, but you need to have your eyes peeled for predatory cards.
00:15MarketWatch recommends looking for cards with annual fees around $50.
00:19Some cards have application fees, activation fees, processing fees,
00:24and maintenance or membership charges that can all be avoided with a little research.
00:29Usually, the lower your credit score is, the higher your interest rate will be.
00:34According to NerdWallet, while cards are trying to make a profit,
00:39high interest rates are more about risk to the lender.
00:42Some credit cards tailored for people with poor credit can charge up to 30% or more APR.
00:49Try to find alternative options like looking into a card from a credit union
00:54or cards that require a refundable deposit.
00:57Cards that don't offer upgrade paths are still useful,
01:01but if you're using your card responsibly, you'll outgrow it,
01:05which means you may be stuck with a card that is costing you an annual fee
01:09or that may impact your credit score when you try to close it.
01:1300 O'clock with clear the�� Pal funASON
01:14close it.
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