See my blog on credit cards for bad credit
When you pose a credit risk, the interest rates you'll be offered will be higher than the market average no matter what, but predatory lenders' interest rates are unreasonably high. Do an online search to determine what legitimate lenders charge for credit cards for bad credit, and refuse any offers that are significantly above that level. * Monthly or weekly fees. Credit cards from legitimate lenders rarely have annual fees, and absolutely never have monthly or weekly fees. Credit cards that charge monthly or weekly fees almost always have extremely small lines of credit.