Credit cards are terrible and wonderful things wrapped up in the same shiny piece of plastic.
The right credit card can whisk you off on a dream vacation with reward points. The wrong card can catch you with a late payment and jack your interest rate up to 20%.
A common question about credit cards revolves around getting one if you are unemployed.
Is it even possible to complete a credit card application when you’re unemployed and be accepted? And even if it is possible, is this the wisest financial move you can make?
Let’s look at some scenarios to dig deeper on this problem.