See my blog on secured credit cards
That is not to say there are not plenty of credit cards for bad credit, but they come with a high cost in the form of high interest rates. Many exceed 35 percent. With such a high rate, a consumer who already has a less than perfect credit history can often fall into more debt and make his credit worse. A prepaid credit card is one of the best solutions for those looking for credit cards for bad credit. A prepaid card has none of the pitfalls of a traditional credit card.