Low interest credit cards, things to consider
Consumers are still spinning from the economic events of the last year and the impact on the credit industry. Lending institutions have adopted much tighter lending requirements and are, consequently, turning away those consumers who appear to pose a higher financial risk. That means that those looking for credit cards for bad credit are having a tougher time qualifying for a new account. Consumers now need to have higher credit scores and cleaner credit histories to be approved for new credit card accounts. Even existing customers are finding their credit lines decreased and changes to their interest rates and fees.