Top Credit Cards for People With Fair Credit in 2022

[Build Credit Score]

Credit card providers often have strict requirements for applicants, and if your credit score is less than perfect, getting approved is not easy. To help you find a solution, we’ve prepared a list of the best credit cards for fair credit and why you should consider them.

We’ll also discuss the methodology behind our choices, and offer you a guide to find the most suitable card for your needs. We’ll also go over the benefits of using them to improve your credit score.

 

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1. Milestone Mastercard®

Milestone Mastercard® is a great option if you’re searching for a credit card with easy approval and you have fair credit. It requires no security deposits, and the credit limit starts at $300. It also caters to customers with poor or fair credit history. Full Review

  • No deposit required
  • Prequalification is easy
  • Identity theft protection
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Milestone Mastercard® is a great option if you’re searching for a credit card with easy approval and you have fair credit. It requires no security deposits, and the credit limit starts at $300. It also caters to customers with poor or fair credit history. Full Review

Requirements

★★★☆☆ 3/5

Card Features

★★★★☆ 4/5

Application Process

★★★★★ 5/5

APR & Fees

★★★★☆ 4/5

2. Indigo® Mastercard®

Indigo® Mastercard® is perfect for you if you’re looking for the best credit cards for fair credit in 2022 and you have a history of bankruptcy. The initial process allows you to know your chances for approval. Depending on your creditworthiness, you might also enjoy a 0% annual fee. Full Review

  • Prequalification is available
  • No security deposit necessary
  • Bankruptcy applicants are accepted
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Indigo® Mastercard® is perfect for you if you’re looking for the best credit cards for fair credit in 2022 and you have a history of bankruptcy. The initial process allows you to know your chances for approval. Depending on your creditworthiness, you might also enjoy a 0% annual fee. Full Review

Requirements

★★★★★ 5/5

Card Features

★★★★☆ 4/5

Application Process

★★★☆☆ 3/5

APR & Fees

★★★☆☆ 3/5

3. Revvi Card

The Revvi Card is a great option for people with low credit scores who want to improve it with their regular Revvi credit card payment history. It offers 1% Cash Back Rewards on all payments and sends regular monthly reports to all three major bureaus. Full Review

  • Accepts low credit card score applicants
  • Easy application process and fast response
  • 1% Cash back reward
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The Revvi Card is a great option for people with low credit scores who want to improve it with their regular Revvi credit card payment history. It offers 1% Cash Back Rewards on all payments and sends regular monthly reports to all three major bureaus. Full Review

Requirements

★★★★★ 5/5

Card Features

★★★★☆ 4/5

Application Process

★★★☆☆ 3/5

APR & Fees

★★★★☆ 4/5

4. Total Visa Credit Card

The Total Visa Card is a great option for those struggling to get an unsecured card, according to Total Visa unsecured credit card reviews. The main purpose of this card is to help cardholders rebuild their poor credit score. Full Review

  • Does not require a security deposit
  • Reports to all three bureaus
  • No cash advance fee in the first year
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The Total Visa Card is a great option for those struggling to get an unsecured card, according to Total Visa unsecured credit card reviews. The main purpose of this card is to help cardholders rebuild their poor credit score. Full Review

Requirements

★★★★★ 5/5

Card Features

★★★★☆ 4/5

Application Process

★★★★★ 5/5

APR & Fees

★★★☆☆ 3/5

5. Avant Credit Card

Avant’s credit cards are best if you want a fast and easy alternative to secured cards or build a strong credit history. Avant requires no upfront deposit and no foreign transaction fees, which further sweetens the deal. Full Review

  • No deposit required
  • No foreign transaction fees
  • Personal loans can be used for business
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Avant’s credit cards are best if you want a fast and easy alternative to secured cards or build a strong credit history. Avant requires no upfront deposit and no foreign transaction fees, which further sweetens the deal. Full Review

Requirements

★★★☆☆ 3/5

Card Features

★★★★☆ 4/5

Application Process

★★★★★ 5/5

APR & Fees

★★★★☆ 4/5

6. CapitalOne Platinum Mastercard®

CapitalOne Platinum Mastercard® is one of the top choices when it comes to credit cards for the ones with fair credit as it offers an unsecured credit card with no annual fees and access to higher credit in just six months. The card doesn’t charge any balance transfer fee. Instead, your transfer gets the same 25.99% variable APR. Full Review

  • Suitable for people with limited or fair credit
  • Access to higher credit in just six months
  • No annual fees, balance transfer fees, or foreign transaction fees
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CapitalOne Platinum Mastercard® is one of the top choices when it comes to credit cards for the ones with fair credit as it offers an unsecured credit card with no annual fees and access to higher credit in just six months. The card doesn’t charge any balance transfer fee. Instead, your transfer gets the same 25.99% variable APR. Full Review

Requirements

★★★★☆ 4/5

Card Features

★★★☆☆ 3/5

Application Process

★★★★☆ 4/5

APR & Fees

★★★★★ 5/5

7. CapitalOne QuicksilverOne® Rewards

If you’re looking for a credit card with a cash back reward, CapitalOne’s QuicksilverOne card is for you. It offers a 1.5% cashback reward on all purchases, along with other benefits like auto insurance, and travel accident assistance. You can also access a higher credit limit after five full payments. Full Review

  • Access to CreditWise service
  • Low-maintenance cashback reward system
  • Higher credit limit after the first five full payments
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If you’re looking for a credit card with a cash back reward, CapitalOne’s QuicksilverOne card is for you. It offers a 1.5% cashback reward on all purchases, along with other benefits like auto insurance, and travel accident assistance. You can also access a higher credit limit after five full payments. Full Review

Requirements

★★★★★ 5/5

Card Features

★★★★☆ 4/5

Application Process

★★★☆☆ 3/5

APR & Fees

★★★★★ 5/5

8. Target Credit Card

Target offers credit cards for individuals who have fair credit among its most loyal shoppers. You can get generous rewards and discounts by using the card on Target and Target.com, as well as Hotels.com and Starbucks. There’s a free-shipping offer, too, along with the choice to upgrade to a MasterCard. Full Review

  • Free shipping of purchases
  • Combines with Cartwheel app discounts
  • 5% discount on every Target and Target.com purchase
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Target offers credit cards for individuals who have fair credit among its most loyal shoppers. You can get generous rewards and discounts by using the card on Target and Target.com, as well as Hotels.com and Starbucks. There’s a free-shipping offer, too, along with the choice to upgrade to a MasterCard. Full Review

Requirements

★★★★☆ 4/5

Card Features

★★★★★ 5/5

Application Process

★★★☆☆ 3/5

APR & Fees

★★★★★ 5/5

How We Created This List – Our Methodology

We evaluate the following credit cards applying different criteria. We look into the credit card requirements which tell us how easy (or difficult) it is to apply for a card. Generally, credit cards designed for people with fair credit cater to those with poor or fair credit scores. They also often do not require any security deposits.
At the same time, our reviews list down the fees you must watch out for if you plan to apply for a credit card. Providers charge different types of interests, and you must consider these fees if your goal is to improve your credit score.

  • The most important fees and interests are:
  • Annual percentage rates (APRs)
  • Annual fees
  • Balance transfer fees
  • International transaction fees
  • Returned payment fees
  • Cash advance interest

To further help you find the best credit cards for fair credit in 2022, we also note which credit card providers offer perks, rewards, and bonuses. These might include cash rebates, discounts, insurance, or fraud protection, among others. If they require specific conditions for a higher line of credit, we also point that out.

Detailed Reviews

Milestone Mastercard®
Milestone Mastercard®
Milestone Mastercard®

Best for Fair Credit With Instant Approval and No Deposit

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  • High APR
  • No deposit required
  • Identity theft protection
  • Prequalification is easy
  • Charges annual fees
  • No rewards or bonuses

If you have a negative or fair credit score and you want a credit cards that is suitable for fair credit, Milestone Mastercard® is a good option. It is also one of the top options if you’re looking for credit cards for fair credit with instant approval.

Features

Acquiring an unsecured card with a low credit score is difficult. Milestone Mastercard® makes it easy by not charging a security deposit and accepting applicants with a low FICO score. You then acquire a revolving line of credit starting at $300, though the limit ultimately depends on your creditworthiness.

When building your creditworthiness, credit reports from major bureaus are important. Milestone Mastercard® submits your card activity to those bureaus, so you can get free credit reports from them if you want.
If your card is compromised, Milestone Mastercard® offers identity theft protection. You also benefit from $0 liability for unauthorized transactions.

On the flip side, the company charges a fixed APR of 24.90%, along with a $35 to $99 annual fee, deducted from your initial limit. There’s a 1% foreign transaction fee so the card’s not ideal if you’re traveling. There are no reward programs or bonuses either.

Customer Support

For any questions and concerns you might have, you can call Milestone Mastercard®’s customer service as they’re providing 24/7 customer support.

Why Do We Recommend It?

Overall, Milestone Mastercard® is among the best credit cards for fair credit with no deposit. It’s very easy to apply even when you have a poor credit history, and you can use it to build your creditworthiness by paying on time.

APR 24.90% fixed
Annual Fee $35-$99
Balance Transfer Fee N/A
Foreign Transaction Fee 1%
Return Payment Fee $40
Best For People with poor credit who want to build their credit history
Indigo® Mastercard®
Indigo® Mastercard®
Indigo® Mastercard®

Best for Consumers With Zero Credit History

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  • High APR
  • Prequalification is available
  • No security deposit necessary
  • Bankruptcy applicants are accepted
  • No rewards or bonuses
  • Expensive annual fee

If you’re a student with zero credit score, a person with a history of bankruptcy, or someone having trouble getting approved for a credit card, Indigo® Mastercard® is a great choice for you.

Features

Indigo® Mastercard® offers cards for fair credit that allow you to start building a good credit history. Your account activity is reported to major credit bureaus, so it’s best to pay your monthly balance in full when possible to avoid accumulating interest charges.

The credit limit is between $250 to $300, but there’s no specific timeline for an account review and for increasing your credit limit.
Depending on your FICO score, you may need to pay a fee of $0, $59, or $75 ($99 after the first year). The APR stands at 24.90%, and there’s a 1% foreign transaction fee.

Application is fast and easy: simply provide information like bank account details, employment records, social security numbers, etc. The pre-approval process lets you know whether you’ll qualify or not. No security deposit is needed.

Customer Support

Indigo® Mastercard®’s customer service assistance is available from Monday to Friday, from 6:00 am – 6:00 pm, Pacific Time.

Why Do We Recommend It?

Among other benefits, it includes identity theft services, $0 liability insurance, and 24/7 account access via the internet. No reward programs or bonuses are available.

APR 24.90%
Annual Fee $0 to $99
Balance Transfer Fee N/A
Foreign Transaction Fee 1%
Return Payment Fee $40
Best For People with 600 or lower credit score

Read the full review of Indigo Master Card

Revvi Card
Revvi Card
Revvi Card

Best for People With Poor to Fair Credit Scores

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  • Accepts low credit card score applicants
  • Easy application process and fast response
  • 1% Cash back reward
  • Reports payment history to all three major credit card bureaus
  • Steep fees
  • Low credit line
  • Cashback redeemable after six months

The Revvi Card is an unsecured Visa credit card issued by the MRV Banks, designed for people with poor or fair credit scores. The Revvi Card is a great way to start repairing or building a positive credit history if you make regular payments and do not go above the credit limit.

Features

Cardholders get an initial credit line of $300, but Revvi conducts checks and might increase your credit limit if your credit score has improved. Not only is Revvi willing to check your credit to allow for a larger loan but it also reports to all three major credit bureaus (Experian, TransUnion, and Equifax).

Another great feature is Revvi’s cashback program. According to Revvi credit card reviews, all cardholders can earn 1% cashback for paying their bills as soon as they start using the card. If you’ve just received your Revvi card, you will have to wait for at least six months to redeem the cashback in statement credits.

Revvi also has a mobile app for cardholders where they can check their balance, view statements, pay bills, and track purchases. The application process for the credit card is fast and easy.

While the Revvi credit card does not require a perfect credit score, it does come with a substantial number of fees, compared to its competitors. The exact amount of fees depends on your Revvi credit card payment history.

Both the APR for purchases and Cash Advancements are 34.99%. Cardholders are also required to pay a one-time fee of $80 in the first 60 days after their application has been approved. 

On the plus side, there is no Cash Advance fee for the first year but you’ll later have to pay a fee of either $10 or an estimated 3% of each cash advance, whichever is bigger. Also, there’s an annual fee of $75 for the first year and a monthly service fee of $6.25.

Customer Support

You can reach Revvi customer support at 800-755-9203. This is also the number you need to call to check your account balance, or make a payment.

Why Do We Recommend It?

While the Revvi Card is a great option for people with lower credit scores, customers say that it comes with a considerable number of steep fees. Some Revvi credit card reviews mention that the mobile app is not very user-friendly as well.

APR

34.99% 
Annual Fee $75 the first year; $48 each following year
Balance Transfer Fee Not available 
Foreign Transaction Fee Not stated

Return Payment Fee

$29 if the credit card owner has not incurred a return payment fee in the previous six months, otherwise the fee is $40.
Best For

Those looking to improve their credit score.

Total Visa Credit Card
Total Visa Credit Card
Total Visa Credit Card

Best for People Who Want to Rebuild Credit

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  • Does not require a security deposit
  • Reports to all three bureaus
  • No cash advance fee in the first year
  • Can be used anywhere in the US
  • No rewards
  • High, non-refundable fees
  • Liability for some unauthorized charges

The Total Visa Card, issued by The Bank of Missouri, is an unsecured card and a solid option for those looking to rebuild their credit score, according to Total Visa reviews

Features

The Total Visa card has all the basic features that other credit cards offer. It reports to all three major credit bureaus and allows you to choose your own card design. On the downside, it might charge up to $50 in unauthorized charges in some cases.

Total Visa requires an existing checking account and can be used anywhere in the US and online. The initial credit card limit of Total Visa is $300 but once you pay your first annual payment, your credit drops to $225. 

The main source of the negative Total Visa card reviews is the high fees, which are non-refundable and can go up to $164.

The regular APR for purchases and cash advances is 34.99%, there’s a one-time program fee upon approval, and an annual fee of $75 in the first year that drops down to $48 for every consecutive year. The late payment fee is $40 and there’s a $3 copying charge per page for billing statements, but there is no cash advance fee in the first year. 

Customer Support

You can reach customer support via email at info@totalcardvisa.com or by phone at (877) 526-5799.

Why Do We Recommend It?

While some users are satisfied with the card and claim that it helped them improve their score, others argue that there are much better options out there. Total Visa credit card reviews show that customers are mostly dissatisfied with the high non-refundable fees.

APR 34.99%
Annual Fee $75 for the introductory year, $48 annually for each consecutive year
Balance Transfer Fee N/A
Foreign Transaction Fee N/A
Return Payment Fee $29 if the credit card owner has not incurred a return payment fee in the last six months, otherwise the fee is $40.
Best For Those who want to rebuild credit.
Avant Credit Card
Avant Credit Card
Avant Credit Card

Best Unsecured Credit Card With Personal Unsecured Loans

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  • No deposit required
  • No foreign transaction fees
  • Helps build a good credit scorev
  • Personal loans can be used for business
  • No other rewards or benefits
  • High annual percentage rate (APR)
  • Limited hours of customer support

Avant offers the best alternative to secured cards. Its credit cards for poor credit cater well to those who don’t have a credit score yet.

Features

Avant’s credit cards require no security deposits. You don’t need to pay any foreign transaction fee either when using the card outside the US. This feature is unique since many other credit-building cards often require foreign transaction fees.
Avant has been included in the ranking of the best alternative lenders, offering:

  • Personal loans
  • Billing and payment
  • Loan offerings and terms

The company offers up to $35,000 in an unsecured loan. But the credit limit on the cards is relatively low at $300-$1,000. It shares your account and payment history with the three major credit bureaus — Experian, Equifax, and TransUnion.
There are no special rewards or bonuses, however.

Customer Support

Avant is one of the best fair credit credit cards that offers telephone and email support, available from 7 AM to 10 PM on Mondays to Fridays, and 7 AM to 8 PM on Saturdays and Sundays.

Why Do We Recommend It?

Avant’s credit cards can assist you in building a good credit score. They offer a low credit limit which you can pay off easily. The company reports to the three major credit bureaus, so there is potential to improve your credit history.

APR 23.99% to 25.99% variable
Annual Fee $0 to $59
Balance Transfer Fee 3% to 5%
Foreign Transaction Fee 0%
Return Payment Fee N/A
Best For Those looking to build a strong credit history
CapitalOne Platinum Mastercard®
CapitalOne Platinum Mastercard®
CapitalOne Platinum Mastercard®

Best for People With a Credit Score of as Low as 580

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  • High APR
  • Access to higher credit in just six months
  • Suitable for people with limited or fair credit
  • No annual fees, balance transfer fees, or foreign transaction fees
  • Not for low-credit consumers
  • No rewards or bonuses

The CapitalOne Platinum Mastercard® offers some of the best credit cards for fair credit.
You need a Fair Isaac Corporation (FICO) score of at least 580 to qualify for the card. It takes six months to get considered for higher credit, and there are no annual fees, balance transfer fees, and foreign transaction fees.

Features

You have fraud coverage if you lose your card. And there’s an app where you can access your account.
Contactless checkouts are available. So, if you’re a cardholder, you can check out securely without ever touching a terminal or giving your card to a cashier.

CapitalOne also submits your account and payment records to all three major credit bureaus.

According to the credit card for fair credit reviews, when using this card, it’s better to pay your bill in full every month to avoid interest. That’s because its APR is a little bit above average at 25.99% (variable). This, however, is fairly common among credit cards with no annual fees for fair credit.

Customer Support

Capital One Credit Card customer service provides 24/7 customer support and a live chat for any of your concerns. The best time to contact them is 8:15 am.

Why Do We Recommend It?

Overall, this platinum credit card is best for you if you want a functional unsecured credit card with no annual fee and you don’t mind the lack of rewards or bonuses. It also works for those who want access to higher credit in a relatively short time frame.

APR 25.99% variable
Annual Fee 0%
Balance Transfer Fee 0%
Foreign Transaction Fee 0%
Return Payment Fee $35
Best For Users with limited or fair credit

Read the full review ofCapital One Secured Mastercard

CapitalOne QuicksilverOne® Rewards
CapitalOne QuicksilverOne® Rewards
CapitalOne QuicksilverOne® Rewards

Best for Poor or Limited Credit History

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  • Higher credit limit after the first five full payments
  • No balance transfer or foreign transaction fees
  • Access to CreditWise service
  • Low-maintenance cashback reward system
  • High APR
  • Has an annual fee
  • Low initial credit

CapitalOne’s Quicksilver credit card is perfect if you have an average or limited credit history and want to build it up.

Features

It offers a 1.5% cashback reward on all purchases, and that’s something not many credit cards for average or poor credit score offer.
You can apply for a QuicksilverOne card even if you’ve defaulted on a loan in the past five years. You can also acquire it if you’re a student, a fresh graduate, have a limited credit history, or are just looking for credit cards for average or poor credit score.

Your initial credit line will start at $300. But if your first five payments are on time, you can access a higher credit limit. Other potential benefits include extended warranties on purchases, car rental insurance, travel accident insurance, and cash advance if you lose your card.

You can also use the CreditWise service, which lets you access and monitor your credit score over time. It also alerts you about any changes to your score.

Customer Support

CapitalOne Quicksilver offers 24/7 Customer Service along with helpful customer service representatives who will assist you with every issue you might have.

Why Do We Recommend It?

There aren’t any signup bonuses and there’s a $39 annual fee, along with the high APR. Still, QuicksilverOne ranks among the top credit cards for fair credit, thanks to its generous cashback reward and acceptance of consumers with less-than-excellent credit.

APR 26.99% variable
Annual Fee $39
Balance Transfer Fee 0%
Foreign Transaction Fee 0%
Return Payment Fee $35
Best For Average-credit cardholders who want card rewards
Target Credit Card
Target Credit Card
Target Credit Card

Best Store Credit Card for Target Customers

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  • 5% discount on every Target and Target.com purchase
  • High APR
  • Combines with Cartwheel app discounts
  • Free shipping of purchases
  • No annual fee
  • Cannot be used in other retailers and shops
  • Not suitable for non-Target shoppers

If you’re a loyal customer of Target and Target.com, you might want to consider the Target credit card or REDCard.

Features

As one of the credit cards with no annual fee for fair credit, REDCard offers generous rewards and discounts. You can enjoy a 5% discount on every purchase on Target and Target.com, automatically applied upon checkout. A MasterCard is available when you upgrade. You also get a 10% discount coupon every year on your card anniversary.

As a cardholder, you don’t have to pay any annual fees. The APR is 22.90%. You can also enjoy free two-day shipping on Target.com. If you book hotels at Hotels.com, you get a 10% discount. Using the Cartwheel app, which lets you filter and save in-store Target coupons, can give you a 5% to 50% discount. This discount combines with the REDCard discount.

More importantly, you can build your credit with the REDCard. Paying off your balance on the REDCard will reflect on your credit utilization ratio and your creditworthiness.

As with other store credit cards, the REDCard can only be used for Target and Target.com purchases, with the exemption of Starbucks, where you can get a 5% discount on any in-store purchase.

Customer Support

You can reach customer support at 800-424-688 in case you lose your REDcard or it gets stolen.

Why Do We Recommend It?

REDcard is a convenient credit card for people who shop frequently at Target and Target.com as it comes with generous rewards and discounts. It is only downside is that it is very limited and you cannot use it as a regular credit card to purchase products or services in other stores.

APR 22.90%
Annual Fee $0
Balance Transfer Fee N/A
Foreign Transaction Fee 0%
Return Payment Fee $29
Best For Regular customers of Target and Target.com

What Is a Fair Credit Score

A fair credit score generally stands between 580 to 669 FICO credit score (something companies that offer credit repair or even you yourself can fix). However, different lenders and card issuers often set their own minimum credit score before approving an application.

You can acquire a credit report by requesting from any of the three major credit bureaus:

  • Equifax
  • Experian
  • TransUnion

Many credit, loan, and financial institutions have also started providing credit scores to their clients. So, your score with your lender and with the bureau-issued report may appear different.

You can request free credit reports every 12 months from each of the three main bureaus.

How to Choose a Credit Card for Fair Credit

As you now know, there are many different credit card offers for fair credit. Different credit card providers also exist, all promising to help you improve your credit performance.

So, what should you consider when choosing a credit card?

The Type of Credit Card You Need

As there’s a wide range of different types of credit cards, choosing the right one for you can be a bit tricky, so you need to be aware of what your needs are, what your current credit score is and how much you can afford to pay in monthly rates.
Then, you should also think about whether you need a card that is bank-issued, or whether a card from the store where you frequently buy will suffice. Finally, the credit cards issued by the bank can be secured or unsecured.

In addition to secured and unsecured credit cards, you can can choose from:

Reports to One of the Three Major Credit Bureaus

First and foremost, the credit card provider should be reporting to one (or more) of the three major credit bureaus. They calculate your credit score using the reports they receive from your credit providers. This is particularly important if you want to (re)build your credit history.

Charges Low Fees

Whether unsecured or secured, choose a card that charges low fees. You should be familiar with the most common fees associated with credit cards, such as:

  • Annual fees
  • Foreign transaction fees
  • Balance transfer fees
  • Returned payment fees
  • Annual percentage rate (APR)

Some cards have no other fees other than the APR, while a low interest credit card for fair credit can compensate by charging other fees. Find a card that charges the lowest possible fees for the maximum amount of benefits.

Rewards and Bonuses

Many providers also offer various perks to encourage you to use their cards more and pay on time. The best credit card for fair credit score is the one that offers perks like travel insurance, discounts in restaurants, and other redeemable rewards and bonuses. These will help you get more value out of using your credit card while also improving your credit score.

Benefits of Using a Credit Card

The biggest benefit of using credit cards is that they can potentially help you build a stronger credit score. That’s especially useful for those in need of a 600 credit score credit card. Issuers report your payment history and account activity to national credit bureaus which then use these reports to calculate your credit score. Naturally, you need to pay off your card each month to be able to benefit.

In addition to potentially improving your score, a credit card can also help you:

Obtain Bonuses

Using a credit card often entitles you to reward programs and bonuses. The better your credit activity, the more rewards, and bonuses you can get, such as travel or gift cards, merchandise, statement credits, and more.

Access Fraud Protection

The processing systems of credit cards usually offer fraud protection and $0 liability. You don’t have to worry about fraudulent or unauthorized use; just call your credit card company to notify them and you won’t be charged for the transaction.

Acquire Insurance Benefits

The most popular credit cards for average credit automatically come with benefits like rental car insurance, travel insurance, and product warranties. You can usually claim such benefits on top of your existing insurance coverage.

Make Cash Advances

Using credit cards to improve your credit score lets you make a cash advance when you need it. However, keep in mind that cash advances often entail higher interest rates. Make sure you have a plan on how to pay back.

Best Credit Cards for Fair Credit at a Glance

Key Takeouts

These types of credit cards help you build a stronger credit history. Providers offer easy access to secured and unsecured cards, the application process is generally fast and doesn’t require you to have a high credit score. You only need to provide the most basic information such as your name, email, bank account details, employment records, and others.

Some of them also have useful perks and rewards. Travel credit cards for people with fair credit, for example, insure you in case of an accident. Others insure your car. Reward programs, introductory offers, fraud protection, and signup bonuses may also be available in some card providers.

FAQ

What is fair credit?

A fair credit score generally ranges between 580 to 669 FICO credit score. A fair credit score is one of five categories, namely:

  • Very poor
  • Fair
  • Good
  • Very good
  • Exceptional

Credit scores are based on your credit activity and reports. FICO scores and VantageScore are two of the most common scoring bases, but lenders and credit providers often have their own scoring system as well.

What is the minimum credit score for a credit card?

Most credit card providers require very good credit ratings. Most prime and subprime credit cards are available for people with 750 or higher credit scores. Remember, though, that your credit score isn’t the only reason you can get declined for a credit card.

Also, different providers consider different credit card requirements. Many of them have their own credit scoring systems. Card providers for people with fair credits often don’t have a lot of requirements. Some accept even those who have had bankruptcies before or otherwise have poor credit scores.

Can I get a credit card with a 650 credit score?

Yes, you can. There are credit cards for a 650 credit score, which according to FICO standards is considered fair credit. Many providers offer credit cards for fair credit without security deposit to help such users build their creditworthiness. Others also offer rewards and bonuses. You can improve your credit score by paying balances in full and on time because such credit card providers submit your credit activity to major credit bureaus, which in turn calculate your credit score.

What is the best overall credit card for fair credit?

Overall, Avant credit card offers the best credit card with fair credit, which charges no annual fees, foreign transaction fees, and low balance transfer fees, although it does charge a high annual percentage rate.

Its application process is fast and easy since it doesn’t require any minimum length of credit history, and no security deposit is necessary to open an account. You can access a higher credit limit if you complete six months of full payments.