best credit card for fair credit

The best credit cards for fair credit are ones that you may qualify for with a FICO score of 580 to 689. The Prosper Card has a prequalification process that lets you see the offer you're eligible for without a "hard" credit check that can ding your scores. WalletHub experts track 1,500+ offers to help you get the right credit card for average credit, By John Kiernan, Credit Card Editor Feb 27, 2023, Fact Checked: Alina Comoreanu, Sr. You'll earn bonus cash back at restaurants and gas stations with no activation required and no rotating categories to keep track of. Carrying a balance from month to month wont be cheap, either. The issuer's prequalification process lets you see the offer you're eligible for before you actually apply. Best Balance Transfer Cards For Fair Credit Of March 2023 One the VantageScore scale developed by the credit bureaus, the average score in 2022 was 698. If you have lousy credit and are looking for a way to build it back; the Milestone Mastercard is a strong option. That's important to keep in mind as you work to build a positive credit history, especially if you carry a balance. Alternatives to Consider:The Capital One Spark Classic for Business is a low-cost rewards card for business owners with limited credit. 7 Best Credit Cards for a 600 Credit Score (With Approval Odds) Discover it Student Cash Back: Best feature: Student rewards. The card is well-suited to travel with no foreign transaction fees and the globally accepted Visa network. Best Low Interest Credit Cards for Fair Credit. You can get the Discover it Secured Credit Card with a bad credit score (below 640). This may influence which products we write about and where and how the product appears on a page. 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. The Capital One QuicksilverOne Cash Rewards Credit Card, for example, charges an annual fee of $39. To help people with no credit or bad credit maximize their odds of approval for a credit card, WalletHubs editors compared the approval requirements for more than 1,500 credit card offers, along with their fees, rates and rewards. Its free, activate with the mobile app. Best Travel Card for Fair Credit The Platinum Credit Card from Capital One can help pave your way to better vacations. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another. Your web browser (Internet Explorer) is out of date and no longer supported. Factors in our evaluation include annual and other fees, interest rates, whether a card offers upgrade options, the availability of free credit scores and other credit education and tools, reporting to credit bureaus, and other noteworthy features such as a rewards program. And if you already have a long-serving credit account. Can I get a credit card if my credit is fair? , or a sign-up bonus or a 0% period. Cards For Fair Credit With Instant Approval and No Annual Fee. The Petal 2 Visa Credit Card, issued by WebBank, is the best high-limit credit card for individuals with average, fair, or limited credit -- typically a credit score between 580 and 669. 7. . (If you go through with applying, then there's a hard check.) And unlike some other cash-back cards, it doesn't allow you to boost your rewards earnings with bonus categories. 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. When evaluating offers, please review the financial institutions Terms and Conditions. Check out our expert picks for fair credit credit cards here! 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. Rewards: Rewards arent necessarily a must for credit cards for fair credit, but they are within reach at this range. 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. What one issuer might see as a score on the low end of the fair credit range, another might consider bad credit. is a cross between a credit card and a personal loan, and it can offer the best of both worlds: flexibility, but with predictable terms from month to month. 10 Best Credit Cards for Fair Credit - Due Here is a list of our partners. First Progress Platinum Prestige Mastercard Secured Credit Card. Capital One QuicksilverOne Cash Rewards Credit Card (5) Apply Now on Capital One's secure site Rewards Rate 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply) Ideally, you wont be stuck in the fair credit score range forever, so look for a card that offers a route to improved terms. These companies collect the information used to calculate your credit scores. OpenSky Secured Visa Credit Card. (Unlike with Discover's other student card, you don't have to "activate" your bonus rewards.) (The typical credit score scale runs from 300 at the low end to a maximum of 850.). There are no rewards. Capital One . Just answer a few questions and we'll narrow the search for you. 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. $0. The second-largest factor in your scores. The Journey Student Rewards from Capital One gives newcomers to credit a powerful incentive to develop responsible habits. It's free for everyone, Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. It's that simple, Be automatically considered for a higher credit line in as little as 6 months, Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges, Help strengthen your credit for the future with responsible card use, Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024, Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. The Best Credit Cards for Average or Fair Credit of March 2023 25 Best "Fair Credit" Credit Cards (2023) - Fastest, Easiest Approval You can be automatically considered for a higher credit limit in as little as six months. No single credit card offers the best rewards in every purchase category, plus the lowest rates and fees. 0.99% intro APR on balance transfers for 12 months, followed by a regular APR of 10.24% - 18.00% variable on both purchases and . Youll also usually keep the same account, often with the same card number, so theres no loss of credit history length. Best credit card overall for fair credit Petal 2 "Cash Back, No Fees" Visa Credit Card 9.5/10 CNET Rating Card Highlights Intro Offer N/A APR 17.49% - 31.49% (Variable) Intro. Secured credit cards (those requiring a refundable security deposit) are meant for people with bad credit or no credit. If your credit score is in the average or fair range of 580 to 669, these credit cards are among the best and some even offer rewards and benefits. Still not sure which credit card is best for building credit? has a prequalification process that lets you see the offer you're eligible for without a "hard" credit check that can ding your scores. That's not an issue if you pay in full every month, but look elsewhere if you expect to carry debt from month to month. Who Should Get It:Apply for the OpenSky Secured Visa Credit Card if youre rebuilding from credit damage and want high approval odds. What We Dont Like:If you dont have an active college email address, you may have a tough time qualifying. Capital One QuicksilverOne Cash Rewards Credit Card, Capital One SavorOne Student Cash Rewards Credit Card, First Tech Choice Rewards World Mastercard, Milestone Mastercard - Less Than Perfect Credit Considered, {{(bank.reviews == 1) ? So if you havent checked your credit score in a while, make sure to do so before applying. What's the minimum credit score needed for Discover cards? Credit mix. It's important to note that definitions of credit score ranges can differ from one card issuer to the next. Some rewards-earning options are listed above. Fair 600-699. Cardholders also are eligible for a credit limit increase in as little as 6 months. Avianca LifeMiles: Receive 20% more miles when you transfer your Citi ThankYou Points to Avianca LifeMiles. A 700+ credit score is needed to get most Discover credit cards, but theres no minimum credit score needed for a few Discover cards. These cards can help you if you're just starting out with credit. That is the low end of a range from 17.49% to 31.49% (V), however, so it might be optimistic to assume youll get a rate that low. Platinum Credit Card from Capital One Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. By clicking "Accept All", you consent to our use of cookies. If you don't like the offer, walk away with no harm done. The 1.5% rewards rate is on par with that offered by many cards for good or excellent credit. You increase your odds of approval when you apply for a card tailored for your score range. Zero fraud liability (which offers protection against unauthorized purchases). Capital One Platinum Credit Card. But we recommend a score of at least 700, which is toward the top of the good credit range, for the cards that require 700 credit for approval. Therefore, you typically dont have to worry about a hard pull on your credit report. Terms apply; 6 Best Credit Cards for Fair Credit (March 2023) - WalletHub Dont pay late: Make at least the minimum payment, and do so on time each month. You might qualify for less or no cash back at all. The card still reports account info to the major credit bureaus each month, though, so its a pretty dependable tool for building credit. The scoring formulas take into account multiple data points for each financial product and service. You increase your odds of approval when you apply for a card. Read our review. Capital One Platinum Credit Card at Capital One's secure website FAIR CREDIT RATING 4.7 OVERALL RATING 4.0/5.0 No annual or hidden fees. Instead, get a rewards card for everyday expenses that you can pay in full within a billing period, a card offering 0% on purchases for big-ticket spending or a 0% balance transfer card for reducing the cost of existing debt. You can opt-out of sharing your personal info here. But there are unsecured cards for every credit level, including bad credit. The Best Travel Cards for Fair Credit - CNBC And there's no annual fee, late fees or foreign transaction fees. It also comes with a cool 1.5% cash back on every purchase and an annual fee of . Read our review. Each card was scored using WalletHubs proprietary 100-point credit card rating system, and you can check out the top options in a handful of popular categories below (some cards are from WalletHub partners). When you apply for new credit, it's not uncommon to see your scores dip, at least temporarily. Best Credit Cards for Fair Credit of 2022 - Experian If your credit is at least fair, you can find cards that charge no annual fee at all. Credit cards for fair credit, sometimes called "average" credit, are aimed at those in the 630-689 FICO score range. Credit Cards for Fair Credit | Capital One Credit cards for fair credit, sometimes called "average" credit, are aimed at those in the 630-689 FICO score range. Alternatives to Consider:The Petal 2 Visa Credit Card, the Capital One QuicksilverOne Cash Rewards Credit Card and the Upgrade Cash Rewards Visa are worth comparing. If possible, pay off your balance in full each month. Best travel credit cards for people with bad or fair credit You would need to spend $2,600 per year on the card to make that back (not including any 5% travel categories). Fair credit can feel a bit like borrower purgatory, as neither the heavenly perks associated with credit cards for people with good and excellent credit nor the devilishly high costs that accompany many credit cards for bad credit are available. Earn 1% cash back on all your purchases. Our partners compensate us. You don't have to be a student to apply for the Journey Student Rewards from Capital One, making it a good option for someone with average credit. Both can make it easy and convenient to make purchases in stores or online, with one key difference. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Its lighter on the fees than some unsecured credit cards for less-than-perfect credit and it offers rewards. You can see and track your credit score for free through NerdWallet. Best Credit Cards for Fair/Average Credit Capital One Platinum Credit Card - Best for building credit Mission Lane Cash Back Visa Credit Card - Best for building credit + earning rewards Capital One QuicksilverOne Cash Rewards Credit Card - Best for flat-rate rewards Capital One Walmart Rewards Mastercard - Best for Walmart purchases Pre-qualified offers are not binding. (You can see and track your score for free through NerdWallet.) With the, , youll have the potential to gain access to a higher credit line. No single credit card has the best rewards and the best rates, which means you shouldnt try to use one for both everyday purchases and carrying a balance. 5 Best Credit Cards for Fair Credit (All Latest Information 2023) 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. Whether you want to pay less interest or earn more rewards, the right card's out there. The average adult has around 5 credit cards, including store credit cards, but theres no golden rule for how many credit cards you should have - or how many credit cards is too many. Access your account anytime, anywhere with our mobile app. Heres the minimum credit score needed for each Discover card: There arent any Discover cards that flat-out require excellent credit, currently. What We Dont Like:There is a $39 annual fee, and paying the cards bill in full every month is essential, given its high APR. Why We Like It : QuicksilverOne offers 1.5% cash back on all purchases - nearly 50% more than the average cash rewards card provides. As of this writing, the card is unavailable to residents of Iowa, West Virginia, Wisconsin, and Washington, D.C. Paul Soucy Feb 27, 2023. While there are no universal dividing lines between credit score bands, you can generally think of "fair credit" aka "average credit" as having credit scores in the range of 630 to 689.