There are a lot of bad credit cards out there, so Terry Engelken from Federation Bank gave us some tips on how to spot the bad ones, and what kind of things to look for when getting a credit card. He says the bad cards will have really high fees and penalties. He says there are cards out there with late payment fees of up to $50 dollars. He also says some cards reserve the right to raise the interest rate if your miss a payment, and you’ll end up with a much higher interest rate than you originally thought. He says the cards that get sent to you in the mail are generally worse than a card you would get by working with your bank. As for what to look for when getting a card, he tells us the annual fee and the interest rate is a good place to start. But his biggest tip overall is to look at the fine print and read the entire agreement before getting a card.