All things low interest credit cards

Prepaid credit cards are another safe type of credit cards for bad credit. These cards work like ATM cards: The money comes directly from an account you have with the credit card company, and you refill the account periodically. Because the money is deducted from your account immediately rather than hanging in limbo until you pay it like a regular credit card, prepaid credit cards charge no interest. Instead, the issuer makes its money by levying fees to open an account and to deposit money into your account. Prepaid credit cards are good for most purchases, but you may find that businesses that want to put a hold on your account (like hotels) or that want to charge your account regularly (like magazine subions or health club subions) will not take prepaid credit cards.

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