If you have fair credit, you can find a card that suits you well. There are many options, including Unsecured Business Credit Cards and the Upgrade Cash Rewards Visa(r). But which one is right for you? Continue reading to learn more. In this article we will cover the essentials of a credit-card. We will also discuss what you can expect from each type of card. The best credit cards to improve your credit scores for people with moderate credit ratings are available.
Unsecured credit card for business
Although it is difficult to obtain an unsecured business card, it is possible to be approved. These types of transactions are reported to credit bureaus. Some report to business credit bureaus only, while others report to personal credit bureaus. This can be avoided by monitoring your credit score at least once a quarter. Once you have improved your score, you can apply for an unsecured business credit card.
Many unsecured credit cards for business offer rewards programs and higher limits. These cards are easy to get if your credit is good, but can be easily abused, especially when they have higher spending limits. Cardholders may overspend because of the higher interest rates. A secured business credit card is a better option if you are worried about being tempted to spend more money than you earn. You'll stay in business as long as your spending is controlled.
Capital One Platinum Credit Card
Capital One Platinum Credit card may be right for your needs if you have a low credit score. This card has no annual fees or security deposits, so you can build credit history. You don't have to pay an annual fee. This makes it easier to manage your money and build credit history. A higher credit line could be available to you in as little as six months. If you have a great credit score and want to improve it, then this credit card is the right one for you.
This basic unsecured card is free of annual fees and has a higher credit line after six monthly. This makes it a viable alternative to secured or unsecured cards. It lacks a rewards program, and it has a high rate of interest. Capital One Platinum Credit Card for Fair Credit is intended to help people with poor credit build credit histories. To be approved, your FICO credit score must be at least 580. If your credit score is between 580-620, you will be approved.
Petal 2 Card
Petal 2 credit cards offer a 1% cashback rate for all purchases. After six and twelve consecutive on time monthly payments, the rate goes up to 1.255%. You can also get a 10% cash back for purchases at certain merchants. Petal2 cards can be opened without deposit. There are some drawbacks to the card, including a high annual percentage rate.
Petal is for those with poor credit histories. As such, you will have to pay more preapproval fees if you miss payments. This shouldn't prevent you from applying to Petal 2 cards. For people with poor credit, there are many other options. You don't need to choose the Petal 2 credit line if you have bad credit.
Upgrade Cash Rewards Visa(r)
The Upgrade Cash Reward Visa is a credit line that rewards consumers who pay their debts on time. It offers 1.5% cashback to customers with excellent credit. There is no annual fee and security deposit. It also reports on all payments to the three major credit bureaus. For consumers with average to poor credit, it may be too high of an interest rate. For applicants with excellent to good credit, there are other options available that offer 0% intro and lower APRs.
Upgrade Triple Cash rewards Visas come with a minimum credit limit of $500. This credit card has a guaranteed credit limit of $500. However, your income and credit score can affect the amount. You can use your credit limit to purchase large items and then pay it off in installments. You cannot use the credit card to obtain cash advances. This type of credit card can only be granted to people who have steady income.