Credit cards for bad credit, a primer
* Check the interest rate. The offer is good if the annual percentage rate, or APR, is equal to or only a couple of points above the going rate for a regular credit card. Don't bother applying for student credit cards with higher rates. Also stay away from credit cards with a default rate that is noticeably higher than a regular credit card's default rate. The default rate is what your interest rate will be set to if you make any of several mistakes, including paying a bill late.