The Mission Lane Cash Back Visa Credit Card is a great option for people who aren't sure whether their credit is good enough to qualify for a rewards card. The Journey Student Rewards from Capital One gives newcomers to credit a powerful incentive to develop responsible habits. Why We Like It : QuicksilverOne offers 1.5% cash back on all purchases - nearly 50% more than the average cash rewards card provides. No touch payments with contactless technology built in. Recent credit applications. 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) 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. Some even give rewards of 1% or more. The Petal 2 Visa Credit Card, issued by WebBank, is the best high-limit credit card for individuals with average, fair, or limited credit -- typically a credit score between 580 and 669. Our pick for: Rewards for college students. 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. You can be automatically considered for a higher credit limit in as little as six months. With the Capital One QuicksilverOne Cash Rewards Credit Card, youll have the potential to gain access to a higher credit line. Try to put everything into dollar terms. What's the difference between fair and average credit? Answer provided by user: Milvionne Chery Copeland, JD, LL.M., MBA, Director of Accountancy, Assistant Chair of Accountancy and Law and Assistant Professor of Accountancy and Law, School of Business, Eastern Illinois University, Ph.D., Assistant Professor of Finance, College of Business, University of Colorado Colorado Springs, CFP(R), ChFC(R), AIF(R), Lecturer, David Nazarian College of Business and Economics, California State University, Northridge, Assistant Professor of Finance, University of Alabama in Huntsville, Distinguished Professor of Finance, Goldyne and Irwin Hearsh Chair in Money and Banking, University of California, Los Angeles Anderson School of Management, Ph.D., Assistant Professor of Economics, Department of Finance and Economics, Wall College of Business Administration, Coastal Carolina University, Our picks for the best credit cards for fair credit in 2023, Tips for finding the best credit cards for fair credit, How we picked the best credit cards for fair credit, First Progress Platinum Elite Mastercard Secured Credit Card, check your latest credit score for free on WalletHub, checking your latest credit score for free on WalletHub, Credit Cards for Fair Credit with Instant Approval, High Limit Credit Cards for Average Credit, Credit Cards for Fair Credit with No Deposit, Do Not Sell or Share My Personal Information, Qualify with limited or no credit history, Available to people with bad credit, even after bankruptcy, Available to people with limited or fair credit. WalletHub makes it easy to find the easiest credit cards to get. The fee is. And if you already have a long-serving credit account. Graduating to good credit could take as little as one month, depending on your circumstances. Terms apply.) We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. What We Dont Like:This card does not offer rewards or a low interest rate. Some rewards-earning options are listed above. Combine the flexibility of a credit card with the predictability of a personal loan. 0.99% intro APR on balance transfers for 12 months, followed by a regular APR of 10.24% - 18.00% variable on both purchases and . The following offers didnt quite make the cut for our editors best-card selections, but they can still save cardholders a lot of money. 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. We did not select any cards with especially low regular APRs because we recommend paying your monthly credit card bills in full when you have fair credit. No annual fee and build your credit with responsible use. 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. MORE: Credit cards 101: Understanding the basics. The higher your credit score on either model's scale, the more creditworthy you may appear to potential lenders. You can also redeem rewards as a statement credit. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. 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. Credit scoring formulas tend to reward people who show that they can handle different kinds of credit. What are the easiest credit cards to get approved for? You can choose your own due date, which lets you schedule payment for the time of the month that best suits your cash flow. The Navy Federal Credit Union Platinum Credit Card is a balance transfer card where applicants with fair credit have a better chance of qualifying. You can see exactly where you stand and how long it will take to improve bychecking your latest credit score for free on WalletHub. (Unlike with Discover's other student card, you don't have to "activate" your bonus rewards.) Alternatives to Consider:There are several really good credit cards for students available right now. 11 things you should know before getting your first credit card, How to choose a credit card for fair credit. earns rewards on par with cards for good or excellent credit. Why We Like It:QuicksilverOne offers 1.5% cash back on all purchases nearly 50% more than the average cash rewards card provides. Best for cash back: Capital One QuicksilverOne Cash Rewards Credit Card. Debit cards allow you to spend money by drawing on funds you have deposited at the bank. Therefore, you typically dont have to worry about a hard pull on your credit report. The top features: Earn 1% . Capital One Platinum Credit Card FAIR CREDIT RATING What We Dont Like:If you dont have an active college email address, you may have a tough time qualifying. Who Should Get It:Apply for the OpenSky Secured Visa Credit Card if youre rebuilding from credit damage and want high approval odds. (The card also earns 5% back on hotels and rental cars booked through Capital One Travel. Best unsecured cards for short credit histories. 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 ? '' Approval Odds are based on WalletHub data and are not provided or endorsed by the lender. 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. Compare Capital One's options for every credit level to find the card that's right for you. This information may be different than what you see when you visit a financial institution, service provider or specific products site. The Capital One SavorOne Student Cash Rewards Credit Card is one of the best credit cards for students with fair credit. annual fee. gives newcomers to credit a powerful incentive to develop responsible habits. You can see and track your credit score for free through NerdWallet. show more To help you find the best deal, WalletHubs editors compared all of the credit cards for fair credit in our database of 1,500+ credit card offers. Make sure the card youre considering reports to at least one but ideally all three of these companies. Depending on which offer you qualify for, you could get as much as 1.5% cash back on purchases. The second-largest factor in your scores, credit utilization is the amount you owe as a percentage of your available credit. Cardholders also are eligible for a credit limit increase in as little as 6 months. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. But you need at least good credit for all the other offers, including Discover it Miles and Discover it Cash Back, two of the most popular options. If youre more than 30 days late, it can start to affect your credit scores. 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. 1. That's pretty good for a student card. This content is not provided or commissioned by any issuer. You increase your odds of approval when you apply for a card tailored for your score range. . The lower your utilization, the better; is a good benchmark. Using these cards responsibly helps you improve your credit score, so you can then look for cards with better perks. Our pick for: Cash back with select merchants, Our pick for: Prequalification + up to 1.5% cash back, Our pick for: Help for 'less than perfect credit', Our pick for: College students and young adults. Doing so also avoids costly late fees. The key difference is that this version charges an annual fee while the regular one does not. If eligible, we'll create your Cash Score instead. Capital One QuicksilverOne Cash Rewards Credit Card: Best for flat-rate rewards The Capital One QuicksilverOne card gives people with fair credit the chance to earn 5 percent cash back. What We Dont Like:Youll have to pay the bill in full every month, which limits the cards value for some business owners. This reporting affects key elements of your scores: Payment history. Best for entry-level fair credit Mission Lane Visa Credit Card Apply now On Mission Lane's secure site Add to compare 3.4 Bankrate review Rewards Rate N/A Intro offer N/A Annual fee $0 -.