There are several benefits of having credit cards for people with fair credit, but there are also some factors to consider. Experts recommend that you only use 30 percent of your credit. Credit utilization is a major factor in your credit score. The best way to improve your credit rating is to pay off any debt. Make sure you make the minimum payment on each bill, and put down extra money whenever possible 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 Money Rewards is the best credit card for those with good to bad credit. The rewards program features an introductory cash-back rate of 1.5%, as well rotating bonus categories which allow you to get higher rewards for certain purchases. This card is great for people with fair credit, but its annual fee is high, so be prepared to shell out some money for it. You can also earn unlimited cashback on all purchases, with no limit.
If you don't have much credit history, getting a Capital One card can be difficult. However, if you're a college student, new to the United States, or a temporary authorized user of someone else's credit card, you might qualify for a Capital One card. These cards can be a great way for you to build your credit history and set good payment habits.
Capital One Platinum credit card
Capital One Platinum Credit Cards are a great option for those with average credit. While this unsecured credit card does not have an annual charge, you will not receive rewards for using it. You can get more credit with this card by paying an annual fee. You can build credit and earn rewards with this card without ever having to pay an annually fee.
The Platinum Credit Card offers many benefits to people with fair or good credit. It does not have an annual fee and it does not charge foreign transaction charges. You can also use it to make purchases in the local currency. Unlike other credit cards, this one does not require an annual fee. Foreign transaction fees are not required, so there is no need to worry about them.
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. It is still competitive in credit-building, despite its few perks. These are the factors you should consider before applying. The Avant Credit Card charges no foreign transaction fees. Prequalification for the card is easy and free. You'll receive a decision within four weeks.
Avant Credit Card gives you the ability to get cash advances. This is possible up to 25 percent of your credit limit. That means if your credit limit is $400, you can only withdraw up to $100 from a cash machine. You will have to repay the money borrowed if you make large purchases. Avant Credit Card is not a reward program, but there are a few perks you may find appealing.