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3 Signs You're Getting a Bad Credit Card


3 Signs You're Getting a Bad Credit Card

There are, amazingly, more than 600 million credit cards out there issued by the main credit card networks. When you add in several hundred million store cards and gas station cards, the grand total tops a billion. It's not a matter of having more than a billion of a certain kind of card, either: There are more than a thousand different kinds of credit cards.

It's easy to get confused when you're in the market for a new credit card and get offers from many card companies, often unsolicited. Don't just sign up for the first credit card that looks OK, because you could get stuck with a bad credit card and end up with a high interest rate, penalty fees, escalating debt, few rewards -- and a rotten credit score. Here are some signs of bad credit cards to watch out for.

Image source: Getty Images.

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Source: Fool.com


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