One of the biggest challenges of having fair credit is that the majority of credit cards don’t offer cash back rewards. Cash back is important for a variety of reasons, but the only drawback is that they usually have high fees. That being said, the Discover it Secured card does have some perks. For example, you can get 3,000 bonus points, which is worth $300 in cash back. This card does not have a high minimum deposit requirement, which makes it a popular choice among people with fair credit.
One of the best credit cards for fair credit will have low interest rates and a higher credit limit. The best option is one with no annual fee. However, there are many hidden fees with these cards. The biggest is the annual fee, which can be as high as $48. The annual fee is not always the lowest, but the rewards program is worth it. You can also get a card that has no annual fees or just a minimal amount.
Another benefit of choosing a card with an annual fee is that you can still rebuild your credit score with this card. Most of these cards offer 0% introductory offers, which will last for 12 to 21 months. Although they may not be the best option for borrowers with fair credit, they can help them improve their credit scores. The best thing to do is to avoid spending more money than you can afford, and make sure that you pay your bill in full every month. This way, you’ll avoid any interest charges and lower your overall APR.
First Access Platinum Mastercard: Issued by Celtic Bank, the First Access Visa Card is a relatively easy card to apply for. This card also reports to three major credit bureaus. The downsides to this card include high fees and no rewards program. Regardless of your credit score, however, you should be aware that this card has an annual fee of $0 and can increase your credit limit within 6 months. Therefore, it’s an excellent choice for someone with fair credit.
The Discover it Secured Card: One of the best credit cards for fair credit is the Discover it Secured card. It reports to three major credit bureaus and is free to apply. This card will be a good choice for people with fair or poor credits. While it won’t have a very high interest rate, it is a great option for consumers with fair or average credit. It has no annual fee, and it reports payment information to the three major credit bureaus. It also gives you the option to view your FICO score without hurting your credit.
Some of the best credit cards for fair credit will offer you an opportunity to increase your credit line or pay an annual fee. Other options are a no-annual-fee card, which comes with a small annual fee. While this card is an excellent choice for many people, it’s important to remember that it’s still a good option for some people with fair or average debts. It can even improve your score if used responsibly.
While there are many options for a credit card with a high APR, the Indigo Platinum Mastercard is a good choice. This card reports payment information to the major credit bureaus, which is beneficial if you’re trying to improve your credit score. It also offers a round-the-clock account management platform. You can activate the card online and monitor all activity. You can also view transactions and make payments on your smartphone.
The best credit cards for fair credit often come with no annual fee and low APR. When shopping for a card, always make sure it has a low interest rate and a low annual fee. For example, the Capital One Secured Mastercard offers a 0% introductory offer with no annual fee. This card also offers travel assistance, auto rental insurance, and extended warranties. This card is great for people with bad credit.