People with fair credit have many benefits, but there are still some things to be aware of. Experts recommend that you only use 30 percent of your credit. Credit utilization is a major factor in your credit score. A major way to improve your credit is to pay off debt. You should make at least the minimum payment on every bill. If you can, put aside extra money to reduce your balance. The general rule of thumb is that the lower your credit score, the higher your balance will be.
Capital One QuicksilverOne cash rewards credit card
Capital One QuicksilverOne cash rewards is a great choice for people with fair-to-poor credit. You will earn higher rewards on purchases when you make certain purchases. The rewards program also offers an introductory rate of 1.5% cash back and rotating bonus category. This card is great if you have fair credit. However, the annual fees are high and can be costly. A low annual fee allows you to earn unlimited cashback for all purchases.
It can be difficult to get a Capital One creditcard, especially if your credit history is not great. A Capital One card might be a good option for you if you are a student, new to America, or an authorized temporary user of another credit card. These cards are a great way to build credit history and establish good payment habits.
Capital One Platinum Credit Card
Capital One Platinum Card is a good choice for those with moderate or fair credit. The unsecured card is not subject to an annual fee but you could not earn rewards by using it. This card does not have an annual fee. You can also increase your credit limit with it. This card will allow you to start building credit and earning rewards, all without the need for an annual fee.
The Platinum Credit Card for starters is available to anyone with good or fair credit. It has no annual fee and does not charge foreign transaction fees. You can use it to make local currency purchases. This card does NOT have an annual fee. You don't have to worry about foreign transaction fees.
Discover Avant Credit Card
The Discover Avant Credit Card, for fair credit, is an unsecure card that allows borrowers the opportunity to build their credit history with no security deposit. Although the card has few perks it is still very competitive in the credit-building industry. These are some important things to remember before you apply. The Avant Credit Card does not charge foreign transaction fees. The process to be prequalified for the card takes less than four weeks.
The Avant Credit Card allows you to take cash advances. This is possible up to 25 percent of your credit limit. A $400 credit limit means you can only withdraw $100 from the cash machine. To make large purchases, however you will need repay the money you borrowed. Avant Credit Card doesn't offer any rewards, but it does offer a few perks which may be of interest to you.