Here is a list of our partners and here's how we make money. This reporting affects key elements of your scores: Payment history. That's important to keep in mind as you work to build a positive credit history, especially if you carry a balance. The issuer's prequalification process lets you see the offer you're eligible for before you actually apply. The scoring formulas take into account multiple data points for each financial product and service. Prosper also doesn't have other cards to upgrade to once your credit improves, so you either have to keep paying the fee or close the card. 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 following offers didnt quite make the cut for our editors best-card selections, but they can still save cardholders a lot of money. Customize Reject All Accept All Customize Consent Preferences If you can find a card that pays rewards while also providing a steppingstone from average credit to good or excellent credit, its a win-win. Can I get a credit card if my credit is fair? Quick Summary. Discover it Student chrome: Best feature: Rewards for students. You don't have to be a student to apply for the. The Capital One Platinum Credit Card is the best credit card for fair credit, because, along with its lower credit requirements, it offers a $0 annual fee, access to Capital One benefits and the potential for credit line increases. offers those with average credit a chance to both earn rewards and, potentially, gain access to a higher credit line. Or you can plan to request a product change from your issuer on your own eventually. Best Travel Card for Fair Credit The Platinum Credit Card from Capital One can help pave your way to better vacations. Here's why: Capital One advertises that this card is intended for people with fair credit, which can help make the application process less stressful if you have less-than-perfect credit. keeps you in debt longer and could ultimately drag down your credit scores. The Petal 1 "No Annual Fee" Visa Credit Card, issued by WebBank, is an excellent option for those with less-than-perfect credit. His work has been featured by major media outlets such as The Washington Post and The New York Times and has been cited by industry regulators such as the Consumer Financial Protection Bureau. Ideally, you wont be stuck in the fair credit score range forever, so look for a card that offers a route to improved terms. Capital One QuicksilverOne Cash Rewards Credit Card: Best for flat-rate rewards The Capital One QuicksilverOne card gives people with fair credit the chance to earn 5 percent cash back. (If you go through with applying, then there's a hard check.) No touch payments with contactless technology built in. You can see and track your credit score for free through NerdWallet. You want your scores to go up, not down. What are the easiest credit cards to get approved for? Some rewards-earning options are listed above. 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. As of this writing, the card is unavailable to residents of Iowa, West Virginia, Wisconsin, and Washington, D.C. There are plenty of cards to choose from, so check out WalletHubs editors picks for the best credit cards for fair credit to find the best one for you. Instantly access 50% of your credit while your card ships to you. Who Should Get It:Apply for Capital One QuicksilverOne if you plan to spend about $2,600 per year, as thats where the cards rewards value can overcome the fixed cost. 7 Best Credit Cards for a 600 Credit Score (With Approval Odds) - AllCards.com We value your privacy We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. These companies collect the information used to calculate your credit scores. 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. Credit cards for fair or average credit can help you move up to good or excellent credit when you use them responsibly. For 0% cards, it means seeing what monthly debt payments you can comfortably afford to make, how large of a balance you will therefore have remaining at the end of each cards 0% intro term, and what interest charges you would incur thereafter. It also earns up to 10% cash back when you use the card to make purchases with select merchants. Plus, earn unlimited 1% cash back on all other purchases automatically. You would need to spend $2,600 per year on the card to make that back (not including any 5% travel categories). 1. Why We Like It:It has a $0 annual fee and gives at least 1% cash back on all eligible purchases. What are some low interest credit cards for fair credit? You can also borrow against your credit limit, much like a personal loan. The second-largest factor in your scores, credit utilization is the amount you owe as a percentage of your available credit. 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. Fair credit, also referred to as "average" credit, is a step up from bad credit but a notch below good credit. If you're crypto-crazy, or just crypto-curious, the. Once youve zeroed in on a credit card for fair or average credit, make sure you understand any fees it might charge: annual fees, balance transfer fees, foreign transaction fees, late-payment fees, etc. Best Credit Cards for Fair or Average Credit From Our Partners Our pick for Flat-rate cash back Compare this card Capital One QuicksilverOne Cash Rewards Credit Card 4.7 NerdWallet rating. Simplicity makes the Discover it Student chrome a standout for students searching for their first credit card. Rewards: Rewards arent necessarily a must for credit cards for fair credit, but they are within reach at this range. 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. You can see and track your credit score for free through NerdWallet. Find & compare credit cards from Mastercard that offer a higher chance of approval for people with average credit. The Navy Federal Credit Union Platinum Credit Card is a balance transfer card where applicants with fair credit have a better chance of qualifying. Discover will automatically match all the cash back youve earned at the end of your first year! 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. 1. Make sure the card youre considering reports to at least one but ideally all three of these companies. And while fair credit wont get you the very best unsecured cards, it should qualify you for an account with no annual fee, solid rewards or maybe even both. And after paying on time for 12 straight months, the rewards rate increases to 1.5% back across the board. Some may have slightly lower standards, for example, starting the fair credit range as 620 and ending it at 659. No annual fee and build your credit with responsible use. Get started with your free credit score. Capital One QuicksilverOne Cash Rewards Credit Card. You may be hit with an annual fee, a lower credit limit or higher interest rates, but some . A hallmark of cards for fair credit is high interest rates. 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. 0% intro APR on Purchases for 6 months and 10.99% intro APR on Balance Transfers for 6 months. Theres a 0% foreign transaction fee, too. WalletHub makes it easy to find the easiest credit cards to get. 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. Our pick for: Crypto rewards + flexibility. The annual fee is. Pre-qualified offers are not binding. Annual fee of $0. The Brex Corporate Card for Startups is one of the best fair-credit credit cards for business. And while your initial credit limit may be lower than you'd like, you can earn quick credit limit increases with consecutive on-time payments. If you don't like the offer, walk away with no harm done. You can check out WalletHub to get custom credit improvement advice to help you along the way. 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. earns rewards on par with cards for good or excellent credit. Plus, the ongoing APR is on the high end at. On top of that, the cards annual fee is $0. This ensures that your on-time payments and other responsible credit habits will be recorded. Avianca LifeMiles: Receive 20% more miles when you transfer your Citi ThankYou Points to Avianca LifeMiles. If your credit is at least fair, you can find cards that charge no annual fee at all. Graduating to good credit could take as little as one month, depending on your circumstances. If you feel you have a case, you can contact the issuer and ask for reconsideration. Please keep in mind that while some offers may come from WalletHub advertising partners, sponsorship status played no role in card selection. Petal 1 Visa Credit Card. 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 17.49% - 26.49% applies. These cards have annual fees as low as $0 and report monthly to the 3 major credit bureaus. The card issuer reports details about your account to the major credit bureaus, which compile the credit reports that form the basis of your credit scores. 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. Why We Like It : QuicksilverOne offers 1.5% cash back on all purchases - nearly 50% more than the average cash rewards card provides. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. With the, , youll have the potential to gain access to a higher credit line. Conversely, a higher score that one issuer still sees as fair credit might qualify as good credit to a different issuer. If youre rejected for a credit card, the first thing to do is determine why. The Capital One QuicksilverOne Cash Rewards Credit Card, for example, charges an annual fee of $39. 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. Credit One Bank Platinum Visa for Rebuilding Credit, Capital One Quicksilver Secured Cash Rewards Credit Card, Bank of America Travel Rewards Credit Card for Students. Alternatives to Consider:The Capital One Platinum Credit Card and the Petal 2 Visa Credit Card are both great options to consider. Virgin Atlantic Flying Club: Get a . Fair credit, also referred to as "average" credit, is a step up from bad credit but a notch below good credit. If you don't like the offer, walk away with no harm done. What We Dont Like:Youll have to pay the bill in full every month, which limits the cards value for some business owners. And if you already have a long-serving credit account, keep it open and active. WalletHub makes it easy to find the best credit cards for fair credit.
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