Low interest credit cards, a quick primer
In an economy that has many consumers seeking credit cards for bad credit, banks are tightening their lending standards. Retail giant Target just announced its fourth quarter earnings report. In addition to suffering from sluggish retail activity, its earnings were hit hard by a $135 million loss it has to reserve to cover its rising delinquent credit card accounts. Tightening its lending standards is a means of survival for the company. As a result, less and less people will be eligible to open an account with the retailer.