A type of credit card that may come with higher interest rates, lower credit limits, and additional fees, that is issued to consumers with limited or poor credit history. The more restrictive conditions of a subprime credit card help to reduce risk for the issuing bank in case of default.
Related information about subprime credit card:
- Subprime Credit Card Definition | Investopedia
A type of credit card issued to people with substandard credit scores or limited credit histories. These cards will typically carry much higher interest rates than ...
- Credit Cards for Bad Credit - Credit.com
Do you have bad credit? These credit cards for bad credit are ...
- Subprime Credit-Card Offers Pick Up - SmartMoney.com
Jan 12, 2011 ... More banks are willing to lend and are now offering credit cards to those with FICO scores between 620 and 660.
- Subprime Credit Cards Are Back, Now With Extra Interest! – The ...
Jan 13, 2011 ... Lenders like Capital One and HSBC are jumping back on the subprime credit card bandwagon, saying they are just trying to help consumers ...
- Non-Bank to Offer Subprime Credit Card | Bank Talk
Aug 23, 2012 ... The Discover network says that it will allow the non-bank lender Continental Finance to use its network to offer a sub-prime credit card. The new ...
- Subprime Lending Is Back, And That's Not Such A Bad Thing - Forbes
Apr 11, 2012 ... Also, the author says that subprime credit card lending isn't as bad as the old NINJA (NINA) loans, but as far as I know, credit card companies ...
- The case against subprime credit cards
Why would consumers who have debt trouble opt for a fee-laden subprime credit card rather than a less expensive secured credit card? "Marketing. Marketing.
- Subprime credit card - Credit Card Terms and Glossary
Subprime credit card definition: A credit card designed for those with little credit history or bad credit. These types ...