You can be automatically considered for a higher credit limit in as little as six months. Learn how NerdWallet rates credit cards. $39. Other credit cards may also allow you to change the minimum payment due date to one that better aligns with a direct deposit. If you plan to travel internationally, make sure you have a backup plan. 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 WalletHub estimates intended to gauge your likelihood of approval for a particular product. WalletHub may share your information with third-parties in order to show personalized offers, as well as enable you to interact more easily with pre-fill forms or applications. . Mobile app to access your account anytime, anywhere. There are no rewards. 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. Credit scoring formulas tend to reward people who show that they can handle different kinds of credit. Or you can plan to request a. from your issuer on your own eventually. Read our review. Its lighter on the fees than some unsecured credit cards for less-than-perfect credit and it offers rewards. But youve got the knowledgeable WalletHub community on your side. So whereas someone with excellent credit might receive a credit . Be automatically considered for a higher credit line in as few as 7 months. Although the name is a mouthful, this card is an excellent option for people with fair credit. The Capital One QuicksilverOne Cash Rewards Credit Card offers a solid ongoing rewards rate: You earn unlimited 1.5% cash back on purchases. 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. Get pre-approved in seconds with no impact to your credit score. Terms apply, Monitor your credit score with CreditWise from Capital One. Numerous credit card applications in a short period of time can hurt your credit score, and having too many credit cards can lead to overspending, expensive interest charges, missed payments and credit score damage. Therefore, you typically dont have to worry about a hard pull on your credit report. Ideally, youll have both installment loans (loans that require a specific number of equal payments, like a mortgage or auto loan), as well as revolving accounts (where the balance goes up and down, like with credit cards). Make at least the minimum payment, and do so on time each month. Who Should Get It:Apply for the Brex Corporate Card for Startups if youre a small business owner with limited to fair credit who wants to earn rewards on everyday purchases. The Prosper Card doesn't offer rewards, and it charges an annual fee, but the issuer goes out of its way to encourage people with "less than perfect credit" to apply. 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. You increase your odds of approval when you apply for a card tailored for your score range. Why We Like It:The Capital One Platinum Credit Cardhas a $0 annual fee. Paying in full every month also helps keep utilization in check. It can help you build credit since payments are reported to all three major credit bureaus: TransUnion, Equifax and Experian. 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. With the Capital One QuicksilverOne Cash Rewards Credit Card, youll have the potential to gain access to a higher credit line. It also earns 1.5% cash back on all purchases. 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 These companies collect the information used to calculate your credit scores. Make sure the card youre considering reports to at least one but ideally all three of these companies. The Upgrade Cash Rewards Visa earns rewards on par with cards for good or excellent credit. annual fee. The Capital One SavorOne Student Cash Rewards Credit Card is one of the best credit cards for students with fair credit. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Graduating to good credit could take as little as one month, depending on your circumstances. -annual-fee option with an incentive for responsible behavior. The Capital One Platinum Credit Card 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 $0-annual-fee option with an incentive for responsible behavior. Credit scores also take into account how long you've been using credit, so the sooner you can find the right card, the better. Its worth mentioning that when you have fair credit, getting a credit card with a low APR may not be the best option. You may qualify for better terms with a traditional personal loan, depending on your financial situation. doesnt only rely on credit scores to determine eligibility. might appeal to you. 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. You can choose your own due date, which lets you schedule payment for the time of the month that best suits your cash flow. Terms apply.) Credit cards for fair credit target consumers with FICO scores between 580 and 669. Discover it Student Chrome The Discover it Student Chrome is one of the best credit card options available for fair credit students. You can also borrow against your credit limit, much like a personal loan. All financial products, shopping products and services are presented without warranty. What to avoid with credit cards for fair credit. (The card also earns 5% back on hotels and rental cars booked through Capital One Travel. The card issuer reports details about your account to the major. Using multiple credit cards for the wrong reasons, however, can get you into big trouble. If you like what you see, you can apply, at which point there will be a "hard" credit pull. Youll also usually keep the same account, often with the same card number, so theres no loss of credit history length. If eligible, we'll create your Cash Score instead. With that being said, its not just your credit score you should worry about. The annual fee is $0. Earn 1% cash back on all your purchases. Theres a 0% foreign transaction fee, too. The Petal 1 "No Annual Fee" Visa Credit Card is a worthy contender for your wallet as you continue building credit. So if you havent checked your credit score in a while, make sure to do so before applying. You also get a free FICO score, low fees, and forgiveness for your first late payment. Making this decision early will help make your search more manageable, by cutting your options in half, in addition to helping you get better terms. Annual Percentage Rate (APR) for purchases: 23.49% - 34.49% variable based on Prime Rate. News Summary: 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. 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 17.49% - 26.49% applies. ALSO CONSIDER: Best credit cards of 2023 || Best unsecured cards for short credit histories || Best starter cards for no credit || Best rewards credit cards. Ideally, you wont be stuck in the fair credit score range forever, so look for a card that offers a route to improved terms. 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. Store credit cards can offer deferred interest to people with fair credit. But they may still offer rewards. 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. A single "hard pull" can cause a temporary dip in your scores, but if you're continually applying for the wrong cards and being rejected, the damage can be much worse. Who Should Get It:Apply for the OpenSky Secured Visa Credit Card if youre rebuilding from credit damage and want high approval odds. is the amount you owe as a percentage of your available credit. Why this is one of the best credit cards for fair credit: When you pay this card on time, you can boost your cash back earnings. 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. 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. What are the best unsecured credit cards for fair credit? If possible, pay off your balance in full each month. The OpenSky Secured Visa Credit Card is another great option for people with little to no credit history. At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products. The second-largest factor in your scores, credit utilization is the amount you owe as a percentage of your available credit. Upgrade Credit Card is probably your best option overall because of its high cash back rate and no fees. Why We Like It:This card is inexpensive to own and rewarding to use. 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. A 700+ credit score is needed to get most Discover credit cards, but theres no minimum credit score needed for a few Discover cards. What We Dont Like:This card does not offer rewards or a low interest rate. These cards can help you if you're just starting out with credit. Best Travel Card for Fair Credit The Platinum Credit Card from Capital One can help pave your way to better vacations. The Capital One Platinum Credit Cardis the best credit card for fair credit overall. Best for earning cash back with fair credit Capital One QuicksilverOne Cash Rewards Credit Card Apply Now On Capital One's Website 2.3 Up to 5% Reward Rate Earn unlimited 1.5% cash back. earns rewards on par with cards for good or excellent credit. The best cards from this segment include options that let you earn rewards/cash back and ones that do away with annual fees. Petals algorithm looks beyond credit scores by analyzing your bank information to determine how you manage income, savings and spending. 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. Why We Like It:QuicksilverOne offers 1.5% cash back on all purchases nearly 50% more than the average cash rewards card provides. Just a dollar-for-dollar match. Annual fees are the most prominent type of fee to watch out for, but theyre not alone. These cards lack the splashy rewards of credit cards for good or excellent credit, but they're a good option for those working to establish or rebuild their credit. John Kiernan has covered the credit card industry for more than 10 years as a writer and editor for WalletHub. Its always a good idea to shop around before picking out an unsecured credit card for fair credit. No Credit Check. If youre more than 30 days late, it can start to affect your credit scores. You don't have to be a student to apply for the. , making it a good option for someone with average credit. Banks are required to notify you if you were denied because of information in your credit report. And on top of all that, it earns cash back, too. The simple way to earn bitcoin: make purchases on your card, make payments, earn bitcoin. Read review. Please download one of these up-to-date, free and excellent browsers: Enter your cell phone number and well send you a link to install the WalletHub app.