subprime credit card


A type of credit card that may come with higher interest rates, lower credit limits, and additional fees, that is issued to consumers with limited or poor credit history. The more restrictive conditions of a subprime credit card help to reduce risk for the issuing bank in case of default.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
subprime borrower subprime lender