Fee Harvesting Cards

Fee harvesting cards are credit cards specifically designed for consumers who have bad credit. While this credit card option allows those with subprime credit to obtain credit cards, these cards typically come with numerous high fees, which often include setup fees, monthly fees, activation fees and annual fees.

The amount of fees these cards carry makes obtaining a credit card in this manner extremely expensive. It is also how they became commonly known as fee harvesting cards.

The fees that can be charged by these credit card providers have been somewhat limited by the Credit CARD Act of 2009, which has placed a limit on allowable upfront fees, topping off at 25% of the balance that will be available to the consumer the first year.

Use our free credit card comparison tool to find low fee credit cards for bad credit.

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