Final answer:
Customers with bad credit can consider getting a secured credit card, which requires collateral as security. They can also look for credit cards with low annual percentage rates and no annual fees.
Step-by-step explanation:
Customers with a bad credit history can usually get a credit card that's secured by collateral. This means that they need to provide a deposit or some form of asset as security for the credit card. The credit limit is typically equal to or slightly higher than the amount of collateral provided. This type of credit card helps customers with bad credit to rebuild their credit history and demonstrate responsible credit behavior.
In addition to being secured by collateral, customers with bad credit may also have options for credit cards with low annual percentage rates (APR). The APR is the interest rate charged on balances carried over from month to month. A lower APR means lower interest charges and can be beneficial for customers who may not be able to pay off their balance in full each month.
Lastly, customers with bad credit may also find credit cards that have no annual fee to be helpful. An annual fee is a charge imposed by the credit card issuer each year for the privilege of using the credit card. By choosing a credit card with no annual fee, customers can avoid this additional cost.