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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). With a product change, youre not applying for a new account; youre seeking an upgrade to the one youve already got. The easiest credit cards to get approved for with no credit or bad credit are secured credit cards. Make sure the card youre considering reports to at least one but ideally all three of these companies. The overall goal in comparing credit card offers for fair credit is to find the card that will maximize your savings, and WalletHub's selections were made with that in mind. Keep in mind, also, that credit scores are not the only thing that credit card issuers and other lenders look at when evaluating a credit application. The following offers didnt quite make the cut for our editors best-card selections, but they can still save cardholders a lot of money. You also get a free FICO score, low fees, and forgiveness for your first late payment. through NerdWallet.) Theres also no annual fee and no foreign transaction fee. It also earns 1.5% cash back on all purchases. Try to put everything into dollar terms. 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. Some offer rewards, perks, upgrade paths and even 0% introductory APR periods. 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. might appeal to you. Unlike other sites that only promote cards they're paid by, WalletHub's editors focus on finding the best cards. There are good credit cards designed for people with fair credit, but you're unlikely to get approved for the best credit cards until you can improve your credit. Platinum Credit Card from Capital One Who Should Get It:Consider applying for the Capital One SavorOne Student Cash Rewards Credit Card if youre a college student with limited to fair credit whose spending habits match up well with the cards rewards. You would need to spend $2,600 per year on the card to make that back (not including any 5% travel categories). 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. But there's still value to be had from fair-credit credit cards, and you dont have to stay in this particular creditworthiness tier for long. 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. Apply for credit card with fair credit score. What We Dont Like:If you dont have an active college email address, you may have a tough time qualifying. What's the difference between fair and average credit? See if you're approved in seconds Be automatically considered for a higher credit line in as little as 6 months Help build your credit through responsible use of a card like this Carrying a balance from month to month wont be cheap, either. Other credit cards may also allow you to change the minimum payment due date to one that better aligns with a direct deposit. Payment history is the single biggest factor in your credit score, so it's essential to pay your bill on time every month. You can be automatically considered for a higher credit limit in as little as six months. A hallmark of cards for fair credit is high interest rates. Lets take a look at Discovers offers and what score you need to get approved. 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. And unlike many of those cards, any unpaid balance is automatically converted into an installment loan with a fixed monthly payment. But if you've got fair credit and you need a card you can use to build credit without paying an annual fee, it's definitely worth a look. 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. Alternatives to Consider:The Capital One Spark Classic for Business is a low-cost rewards card for business owners with limited credit. And the card doesn't charge foreign transaction fees. If you've already built good credit, you can probably score a card with higher rewards than this card offers. And after paying on time for 12 straight months, the rewards rate increases to 1.5% back across the board. The Navy Federal Credit Union Platinum Credit Card is a balance transfer card where applicants with fair credit have a better chance of qualifying. At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products. That's pretty good for a student card. Click through to Discovers website to see terms and conditions. Rewards: Rewards arent necessarily a must for credit cards for fair credit, but they are within reach at this range. Does each credit card company define "fair" credit the same way? One of the best unsecured credit cards for fair credit is Upgrade Cash Rewards Visa because it offers unlimited 1.5% cash back on all purchases (after you pay the bill) and a $0 annual fee. It's possible to find some credit cards that offer decent ongoing rewards on common purchases instead of only with select merchants. Who Should Get It: Apply for the Capital One Platinum Credit Cardif you want an inexpensive starter card to build credit with. Many fees are avoidable, especially if you use the card responsibly. Discover it Student Chrome The Discover it Student Chrome is one of the best credit card options available for fair credit students. In fact, only 40 credit-score points separates the two tiers (fair credit means a credit score of 620 to 659, while good credit is 660 to 719). $0 annual fee, $0 activation fees, $0 foreign transaction fees. Some Discover offers listed here are not currently available on WalletHub and may be out of date. Alternatives to Consider:The Capital One Platinum Credit Card and the Petal 2 Visa Credit Card are both great options to consider. Zero fraud liability (which offers protection against unauthorized purchases). : ', '}}. What are the easiest credit cards to get approved for? The underlying data is compiled from credit card company websites or provided directly by the credit card issuers. Its always a good idea to shop around before picking out an unsecured credit card for fair credit. We're sorry, but after searching our extensive database, we were unable to locate any credit cards that match the following criteria: {{tag.tag}}{{$last ? '' You can choose your own due date, which lets you schedule payment for the time of the month that best suits your cash flow. There's a $39 annual fee. (You can see and track your score for free through NerdWallet.) Capital One . Enjoy peace of mind with $0 Fraud liability. This card earns rewards in the form of Bitcoin when you pay your bill (although you are subject to holding requirements and transaction fees when you sell your crypto). The scoring formulas take into account multiple data points for each financial product and service. . You can then choose up to four cards and get a side-by-side comparison to make the best pick for your needs to get a credit card with fair credit. 0% intro APR on Purchases for 6 months and 10.99% intro APR on Balance Transfers for 6 months. If your credit is at least fair, you can find cards that charge no annual fee at all. Wallethub doesnt charge for this service. - Business Insider (United States) . Even small business owners with limited credit history can get Capital One Spark Classic, so applicants with fair/average credit should have solid approval odds. Why dont more banks and credit unions offer credit cards to people with fair credit? Experian, Equifax and TransUnion are the three major bureaus that compile the credit reports that inform your credit scores. Like Upgrade's other cards, it works like a combination of a credit card and a personal loan, allowing you to make purchases and then pay down your balance in equal monthly installments at a fixed interest rate. What makes this card valuable is that it's available to business operators with fair credit (a FICO score between 630-689), who don't have a lot of options in business credit cards and it has no annual fee. The card earns a decent rate of up to 10% cash back when you use the card to shop with select merchants. Heres the minimum credit score needed for each Discover card: There arent any Discover cards that flat-out require excellent credit, currently. Access your account anytime, anywhere with our mobile app. No single credit card offers the best rewards in every purchase category, plus the lowest rates and fees. Free, online credit score access for cardholders. Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any issuer. If you feel you have a case, you can contact the issuer and ask for reconsideration. Fair 600-699. When you pay in full, you don't get. If youre a few days late, youll likely owe a late fee. If you still arent approved, it may be a sign you need to work on your credit scores before applying again. Terms apply.) The best credit cards for fair credit can be a great tool in helping to build or rebuild your credit score. . You can choose your own due date, which lets you schedule payment for the time of the month that best suits your cash flow. 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. No annual fees, no foreign transactions fees. 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) The lower your utilization, the better; is a good benchmark. A 700+ credit score is needed to get most Discover credit cards, but theres no minimum credit score needed for a few Discover cards. The second-largest factor in your scores, credit utilization is the amount you owe as a percentage of your available credit. Standard message rates apply. Pretty much all credit cards for fair credit are unsecured, though. 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. Best Unsecured Credit Cards of March 2023. 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. 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. Ideally, you wont be stuck in the fair credit score range forever, so look for a card that offers a route to improved terms. 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. You can also borrow against your credit limit, much like a personal loan.