Find the best fair credit credit cards

Having a fair credit score doesn’t mean you won’t have a variety of credit card offers available to you and, with responsible use, could help you build or rebuild your credit and some may even offer rewards programs or other perks and features. So, if you are looking for credit card offers and you have average or fair credit, we listed a few from our card partners below. With the fair credit score range you may still find yourself getting some amazing perks such as 0% introductory APR on purchases or balance transfers until a specified time period. If you’re within the 550 to 639 range we listed a few cards here that you may want to take a closer look at. Just remember credit card issuers review other factors as well as your credit score to determine if you will be approved for a card and they may offer you different terms. A few other things to keep in mind is that you may be offered a lower credit line and some offers carry an annual fee.

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Why choose a fair credit credit card?
Choosing a fair credit credit card is an option for those of you have a credit score that falls withing the range of fair or average. As we already mentioned you can find a variety of offers available to you, such as cards that include a rewards program, or an introductory APR, or no annual fee. Just keep in mind the regular APR is usually higher on cards offered in this credit range so be sure to compare offers and determine what features are important to you.
What is a fair credit credit card?
This is a credit card that is generally offered to individuals that have credit scores in the fair or average range. Keep in mind that card issuers review your credit scores in addition to other factors when making a determination if you will be approved for a credit card. With a fair credit rating there are still options available to you, for example you may find a card within your range that offers rewards, or a low introductory APR offer. As a cardholder you can take this opportunity to develop a stronger relationship with the card issuer for example by making your payments on-time and by staying well below your credit limit and demonstrating that you are responsible with your credit card use.
What kind of card can I get?
If you currently have a credit rating in the range of 550 to 639 then you may want to consider credit cards that require a fair credit score. Card issuers look at other factors besides your credit score to make a determination if you will be approved. The type of card you can get varies on the offers that are currently in the marketplace as well as the determination the card issuer makes after reviewing your credit history and your application.
What are the pro’s & con’s?
Some of the credit cards have 0% introductory APR on purchases which may be useful if you are planning to make a major purchase so you won’t be paying interest charges for a set period of time on purchases made within the promotional offer period. On the downside some cards come with higher annual fees and higher interest rates.

Fair Credit Top 2

Capital One® QuicksilverOne® Cash Rewards Credit Card

The Capital One® QuicksilverOne® Cash Rewards Credit Card is one where you can earn unlimited 1.5% cash back on every purchase that you make. If you have average, fair or limited credit you may want to take a closer look at this card.

Customer Reviews

When I signed into credit sesame it said i was a match for this card. I was skeptical but applied and BAM! Approved! So glad I tried! I already have the Capital One Platinum… Now I have the Quicksilver. :-)
Dealie

I received this card in September 2014 with a 300.00 limit, I made small purchases of less than 100.00, like gas and groceries and paid off the complete balance each month before the due date. In February of 2015 I received an increase in my credit line to 3300.00, Since September last year my Transunion credit score has gone from 582 to 650.
Kenny

Highlights

With the Capital One® QuicksilverOne® Cash Rewards Credit Card if you make your first five monthly payments on time then you may get access to a higher credit line.

Cardmembers can earn 1.5% cash back on every purchase they make. There are no limits to how much cash back rewards you can earn and the cash back rewards don’t expire. There are no rotating categories or sign ups needed to earn these cash rewards. Other features of the card include fraud coverage if your card is ever stolen or lost, security and account alerts and more.

Capital One® Platinum Credit Card

The Capital One® Platinum Credit Card may be a a card to consider since it has no annual fee and offers access to a higher credit line after making your first 5 monthly payments on time. With responsible use this may help you build credit.

Customer Reviews

Capital One customer service and customer service reps are helpful, responsive and knowledgeable. I have 2 Capital One cards and am satisfied with both. Credit Limits are automatically increased after a 6-month period.
Roy

I’ve had these credit card for years and now I have platinum status. I have no APR fee- and my card is paid off. Capital One gave me a chance when my credit union declined me of credit. I received an increase quickly due to excellent payment status and even one time when there was an issue with when I changed my payment date – the customer service rep reversed all the late fees…It was great and thoughtful that the reversal of those fees were done; especially when so many companies pride off charging a customer fees. If you’re up front with them regarding any issues you may have, they’re more than willing to work with you for a better solution. All and all it’s worth the shot if you need a 2nd chance as you work toward improving your credit.
Sandy

Highlights

The Capital One® Platinum Credit Card may be used as a tool or a stepping stone to help you build or rebuild your credit if the card is used responsibly by you. Cardmembers can access their account online it’s available 24 hours per day, 7 days per week.

There are no annual fees to keep the account open. After making payments on time consistently for the first five months, you may receive a credit line increase. To pay your monthly payment due, you can do so through the internet, by check or in person at your local branch all with no fees associated with them.

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Related Credit Card Options

Credit Cards for Bad Credit

If you find yourself with a bad credit rating or you are just starting out in the credit arena and have limited or no credit history and will be needing a credit card take a look at the list of credit cards from our partners that we carry and you just might find one that is a fit for you.

Travel Credit Cards

If you are an avid traveler and would like to earn rewards from all of your purchases that you make for or on your trip such as hotel and flight costs, then you may want to consider a travel credit card which may offer you a way to earn points and rewards to spend once you have earned enough rewards.

Credit Cards for Good Credit

Having a good credit rating is a great achievement and with it you will have benefits that others may not be eligible for. Among other perks and features you may have credit card offers with rewards programs, even lower interest rates and possibly no annual fee to pay.

Best Secured Credit Cards

If you are just entering the credit world then a good bet is a credit card that you may get easy approval for – and that is the secured credit card. With a minimum security deposit required you will be able to start with a credit line and on your way to building credit.

Best Prepaid Cards

Want to have the debit experience without using your debit card? Then you are looking for a prepaid card which is one way to make online payments, pay for products and services, and not have to use your debit card.

Business Credit Cards

If you run a small business, medium-sized business, or even a large corporation, then you may benefit from a business credit card. You can get business perks that regular personal credit cards do not have, and depending on your business you can benefit even more.

Help: Choosing the best fair credit credit card

There is a great percentage of the American population that has fair credit. This credit range is generally between 500 and 650 on the credit score. People who have this score probably have a history of missing payments, but not necessarily a history of defaulting on any of their debt accounts. Therefore, credit card companies may still be willing to approve them for a credit card despite their fair credit score. These credit cards will still come with an introductory 0% APR for 10 to 21 months, but then the variable APR will likely be more than 16.99%. The cardholder will also have a much lower credit line and an annual fee to pay every year. These annual fees could range from $59 all the way to $179. Make sure you look at the terms and understand with the annual fee is. If you find a policy with no annual fee then you should definitely consider that one. However, it may be hard to find a policy that has no annual fee if you only have fair credit. The credit card companies many want to add that fee in there because they already know you have a limited credit line on the card, so they want to make more money off your account. The annual fee will likely be there for this reason, which is generally around $59 to $99. Some credit cards may even have as much as a $179 annual fee, but with a little bit lower variable APR. So make sure you compare the rates of all the cards and choose the one that is right for you.
The great thing about credit cards for fair credit customers is they contain many features that help management your credit. The best cards will provide you with a complimentary FICO score. After all, these credit card companies will be reporting your account activity to all three major credit bureaus. If you have been making your payments on time then you will see a change in your credit score within the first six months. As your score increases, you may notice that you qualify for other credit cards with lower APRs. You may even be able to upgrade your current credit card to another plan that has a lower APR as well.
Credit card companies like to increase your credit limit after five or six months if you have been making your payments on time. You don’t always have to request for the credit increase either. Sometimes they will just automatically approve you for the increase and then change your credit limit without notifying you beforehand. Do not get discouraged by this because you don’t have to spend the extra credit if you don’t want to. You only get charged interest on the money you actually spend on the card. But just the fact that you have a credit limit increase means that your creditworthiness and trustworthiness with debt is increasing. This is the right path to be on because you will eventually go from fair credit to good credit within the course of a year. By that time, you will still be in the introductory period of your 0% APR. Perhaps you won’t even have to worry about the higher variable APR that comes after this trial period if you have increased your credit score within that time.
For those who plan to transfer their debt balance from other credit cards onto their new fair credit card, you won’t be charged any interest on that during the introductory 0% APR period. Then you can consolidate all of your other debt into this one card and focus on making one minimum payment each month. Just make sure you do the balance transfer right away because you don’t want to end up paying additional interest on the transfer after the introductory period has expired. The idea is to consolidate your debt and pay it off as quickly as possible so you can raise your credit score and get a better credit card in the future. On the other hand, if you don’t have any debt and are just looking to make purchases with your new credit card, then try to get one with a rewards program attached to it. That way you can earn at least 1% cash back on all purchases you make with the card. Some policies will even give you up to 5% cash back on purchases made for gas and groceries as well. It all depends on your needs and current situation regarding credit and debt.

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