Credit card application, and more
Interest rates may be as high as 35 percent. That means that those consumers will owe more money if they do not pay their balances in full. A higher rate and fee card is typically more difficult to stay on top of, if the balance is not paid off in full each month. A prepaid credit card and debit card are safe and convenient alternatives to a high interest rate and fee credit card. Both options do not come with the pitfalls of traditional cards.