So how do we make money? In addition, it is not the financial institutions responsibility to ensure all posts and questions are answered.show more show less. Capital One QuicksilverOne Cash Rewards Credit Card, Petal 1 "No Annual Fee" Visa Credit Card, Best for Cash back earned with select merchants, on Discover's website, or call 800-347-0264, Best for College students and young adults, Best for Prequalification + up to 1.5% cash back, Best for Help for 'less than perfect credit', Upgrade Bitcoin Rewards Visa Credit Card. Earn a credit limit increase in as little as 6 months. Best Travel Card for Fair Credit The Platinum Credit Card from Capital One can help pave your way to better vacations. Credit cards for fair credit are credit cards for people with credit scores from 640 to 699 who are building credit from scratch or rebuilding their credit after mistakes. Even though its promotional interest rate is . Wallethub doesnt charge for this service. If you like what you see, you can apply, at which point there will be a "hard" credit pull. $105. There is a fine line between fair credit and good credit. We encourage everyone to share their knowledge while respecting our, Answer provided by user: {{ans.user_fullname}}. The Capital One QuicksilverOne Cash Rewards Credit Card is one of the best credit cards for people with fair credit who plan to charge a fair amount to their new card. Credit cards for fair or average credit can help you move up to good or excellent credit when you use them responsibly. Alternatives to Consider:The Capital One Platinum Credit Card, the Capital One QuicksilverOne Cash Rewards Credit Card and the Upgrade Cash Rewards Visa are all great options. The issuer automatically reviews your account for potential credit line increases. Six months is a good rule of thumb. Best For Credit Score Annual Fee Welcome Bonus Citi Premier Card Best Overall Card for Gas Excellent, Good $95 60,000 bonus points Platinum Rewards Visa Signature Card Best. . There's an annual fee, although you can avoid it in the first year by signing up for autopay before your first statement is issued. What We Dont Like:This card is not a good option for carrying a balance from month to month, thanks to a fairly high APR. So pay your bill on time every month, dont max out your spending limit and track your credit scores progress over time to see when youre ready for an upgrade. Cards For Fair Credit With Instant Approval and No Annual Fee. What to avoid with credit cards for fair credit. The card is well-suited to travel with no foreign transaction fees and the globally accepted Visa network. No security deposit required get started today! doesn't offer rewards, as several other cards in the fair-credit category do, but for those looking to strengthen their credit, it's a simple, solid. Heres the minimum credit score needed for each Discover card: There arent any Discover cards that flat-out require excellent credit, currently. might appeal to you. Its lighter on the fees than some unsecured credit cards for less-than-perfect credit and it offers rewards. You can also borrow against your credit limit, much like a personal loan. The best travel cards for fair credit, according to a YouTuber who's been to 20 countries and has 20 credit cards Select looks at what travel credit cards are available to people with. Another good unsecured card for fair credit is the Petal 2 Visa Credit Card. You also get a free FICO score, low fees, and forgiveness for your first late payment. Do not sell or share my personal information, Earn unlimited 1.5% cash back on every purchase, every day, No rotating categories or limits to how much you can earn, and cash back doesn't expire for the life of the account. Here is a list of our partners. Graduating to good credit could take as little as one month, depending on your circumstances. Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offers details page using the designation "Sponsored", where applicable. Capital One QuicksilverOne Cash Rewards Credit Card BEST OVERALL RATING 4.5 OVERALL RATING 4.5/5.0 Earn unlimited 1.5% cash back on every purchase, every day Review that notice, then review your credit report to make sure there are no inaccuracies, and then do the same for the card application you submitted. 0% intro APR on Purchases for 6 months and 10.99% intro APR on Balance Transfers for 6 months. It also earns 1.5% cash back on all purchases. So if you havent checked your credit score in a while, make sure to do so before applying. For rewards cards, that means applying each cards earnings rates to your actual spending habits in order to determine how much youre likely to earn over your expected usage timeframe. Approval Odds are not meant to imply or guarantee that you will be approved by the lender or that credit will be extended. Best credit cards for fair and average credit Best for No Fees: Petal 2 "Cash Back, No Fees" Visa Credit Card Best for Cash Back: Capital One QuicksilverOne Cash Rewards Credit Card. or are working to get back on track. But they may still offer rewards. You can also borrow against your credit limit, much like a personal loan. See what terms you'd qualify for without a hard credit inquiry. INTRO OFFER: Unlimited Cashback Match only from Discover. $39. Fair credit, also referred to as "average" credit, is a step up from bad credit but a notch below good credit. You can check out the panels bios and responses below. Journey Student Rewards from Capital One gives you 1% cash back on all your purchases, plus 0.25% back when you make your monthly payment on time, for a total of 1.25% cash back. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. Capital One QuicksilverOne Cash Rewards Credit Card. These cards can help you if you're just starting out with credit or are working to get back on track. The annual fee is. Alternatives to Consider:The Capital One Spark Classic for Business is a low-cost rewards card for business owners with limited credit. Why We Like It:It has a $0 annual fee and gives at least 1% cash back on all eligible purchases. An eventual upgrade path: Ideally, you wont be stuck in the fair credit score range forever, so look for a card that offers a route to improved terms. The issuer's prequalification process lets you see the offer you're eligible for before you actually apply. Click through to Discovers website to see terms and conditions. Lets take a look at Discovers offers and what score you need to get approved. If you're looking to beef up your credit, it's a decent place to start. You earn 2% cash back at restaurants and gas stations, on up to $1,000 in combined purchases per quarter, and 1% cash back on all other purchases. Plus, the ongoing APR is on the high end at. Our pick for: Rewards for college students. Build credit alongside hundreds of thousands of Petal card members. What are the best unsecured credit cards for fair credit? Terms apply, Monitor your credit score with CreditWise from Capital One. shines with its no-maintenance rewards structure and student-friendly bonus categories. Furthermore, fair credit is far from a life sentence. With responsible use, you can be considered for a higher credit line in as little as six months. The Capital One Platinum Credit Cardis the best credit card for fair credit overall. Top credit cards for fair credit in Canada Compare credit cards for fair credit by category Top regular rate cashback card: Neo Financial Mastercard Credit recommended (600-) Apply now on Neo Financial's secure site 600 Min. Cardholders earn 1 - 5% cash back on purchases, depending on the spending category, plus an initial bonus of $50 for spending $100 in the first 3 months. And if you're approved, you can begin using your credit line immediately no need to wait for the physical card. This card requires a security deposit, which will . gives newcomers to credit a powerful incentive to develop responsible habits. offers a solid ongoing rewards rate: You earn unlimited 1.5% cash back on purchases. No annual fees, no foreign transactions fees. doesnt only rely on credit scores to determine eligibility. Many fees are avoidable, especially if you use the card responsibly. A fair credit score is usually defined as any score in the range of 640-699. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). WalletHub makes it easy to find the easiest credit cards to get. That's pretty good for a student card. Although there's no foreign transaction fee, Discover isnt as widely accepted abroad as other cards. Avianca LifeMiles: Receive 20% more miles when you transfer your Citi ThankYou Points to Avianca LifeMiles. At that point, youll probably have a good sense of why you were rejected. Credit cards for fair credit target consumers with FICO scores between 580 and 669. Cardholders also are eligible for a credit limit increase in as little as 6 months. We did not select any cards with especially low regular APRs because we recommend paying your monthly credit card bills in full when you have fair credit. It's an underserved market, so the list of such products is fairly short, and those that do exist lack the big sign-up bonuses you'd get with a card requiring excellent credit. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features. So whereas someone with excellent credit might receive a credit . Best Overall Unsecured Card For Fair Credit The Capital One Platinum Credit Card has everything that someone with average credit could want in a card. The higher your credit score on either model's scale, the more creditworthy you may appear to potential lenders. Generally speaking, a FICO score that's considered "fair" will fall between . This card for people with fair or "average" credit pays the same cash-back rate as the regular Quicksilver card, which targets people with excellent credit. Paying in full every month also helps keep utilization in check. What We Dont Like:You need to wait several months until youre able to qualify for a truly competitive rewards rate. Who Should Get It:Apply for the Petal 2 Visa Card if you have limited to fair credit, plan to pay the bill on time and in full every month, and expect to keep the account open for more than a year. The best credit cards for fair credit can be a great tool in helping to build or rebuild your credit score. Great for large purchases with predictable payments you can budget for. Terms apply.) If you do make a late payment, the card doesn't impose a penalty APR. The Capital One Platinum Credit Card is the perfect financial tool for your wallet because it provides low-cost access to credit, with the ability to improve your credit score with responsible behavior. Terms and conditions apply. If eligible, we'll create your Cash Score instead. The Discover it Student chrome shines with its no-maintenance rewards structure and student-friendly bonus categories. And if you're approved, you can begin using your credit line immediately no need to wait for the physical card. As you work to push your scores into the good-to-excellent range, its important that youre able to track how youre doing. (The card also earns 5% back on hotels and rental cars booked through Capital One Travel. The $0-annual-fee Upgrade Cash Rewards Visa can be an ideal choice if you plan to carry a balance, want the convenience of equal monthly debt repayments and can pre-qualify for a favorable interest rate.