Sometimes things occur in our lives that cause us to miss payments, or pay them late. Over time, this will give you a bad credit rating- which will make it very difficult to rebuild your credit rating, but NOT impossible.

There are certain credit cards that are offered to people who fall in the category of having �bad credit�. There is no way to erase a bad credit history, but there are cards that will allow you the chance to rebuild your credit by making payments on time on your new credit card.

Capital One is known for helping individuals rebuild a bad credit rating. They offer their Capital One Classic credit card, specifically designed for people with bad credit, or without a credit history. They will usually give you a card even if you have been declined a credit card in the past It offers an interest rate of 29.9% APR Typical (Variable), no annual fees, and interest free payments each month if you pay your card balance in full and on time. If you are not able to pay your balance in full each month, your monthly payment is just 5% of your card balance. If you are short on cash, you can use this credit card for a cash advance, with a withdrawal fee of 1.5% and then a Cash Advance APR of 31.1%.