These things can be painful to apply for. When you look at the terms you may be quick to realize just how much a good credit score really means.

To start with, these credit cards can often come with high fees for just about everything you do. There's the annual fee. That one is at least not unheard of in better credit situations, but painful to deal with nonetheless.

What you want to watch out for are the other fees. Some cards charge fees right and left, more or less just for the privilege of having the card. Read up on the terms you will be agreeing to, and find the card that will be kindest to your finances as well as help you rebuild your credit score.

The interest rate can also be a killer. Sometimes you'll see rates higher than 20%. Interest can quickly add up, so make sure you look for the lowest possible rate. And once you have something of a history with the company, call and see about getting a lower rate.

The grace period is very important. How long will you have until you have to pay back the credit company? Try for a grace period of at least 20-25 days so that you have the time to get your payments in on time. No need to incur late penalties when you're trying to improve your score.

Even with poor credit, you will have the opportunity to consider getting a rewards card. However, you need to consider how you will be using the card. No matter your credit score, a rewards card will typically charge more than a plain credit card. If you know you'll be carrying a balance, it probably won't be worth the rewards. On the other hand, if you are 100% certain you'll be paying off the balance each and every month, the rewards could be a good idea.

Getting out from under bad credit is tough. You have to be very determined and work hard at it. You can see the benefits of making a serious effort towards gaining a better credit rating.