There are many benefits to being approved for one of the Best Credit Cards for Fair-Credit consumers. The best credit cards for people with fair credit often offer excellent cash rewards rates and other advanced card benefits. But there are some drawbacks to using Discover cards for international travel. If you travel frequently, you may want to consider other options. Capital One QuicksilverOne Cash Rewards is an excellent choice for people with fair-credit history.
Capital One Secured Mastercard
When deciding whether to apply for a secured credit card, you should consider your needs. Most cards in this category fill a niche, and what works for one person may not work for another. You should know that the Capital One Platinum Secured Credit Card is the company’s top entry-level card. This card is not designed for high credit scores, but it is still a good choice for consumers with fair credit.
The Capital One Secured Mastercard for fair credit comes with many benefits, including no annual fee and a 0% interest rate. In addition to no annual fee, you can expect to receive automatic line reviews and unlimited access to CreditWise(r) to keep a close eye on your credit. You’ll also be able to use Eno, a text-enabled virtual assistant, to check your balance, recent transactions, and set up a payment.
Discover it Secured
If you have fair to poor credit, you may want to consider getting the Discover it Secured credit card. This card allows you to build credit while keeping your account secure, and it reports your activity to the three major credit bureaus, including Equifax, Experian, and TransUnion. Using this card responsibly can boost your credit score and give you the confidence to pursue other lines of credit. You won’t pay late fees on the first late payment, which is a definite benefit.
While many secured cards come with annual fees, the Discover it Secured card is one of the most affordable options on the market for people with bad credit. While it doesn’t come with a high limit, the card does offer rewards that rival those of a regular card. Members of this card can earn 2% cash back at gas stations and restaurants and 1% on all other purchases. It can help you improve your credit score while establishing a strong payment history.
Applied Bank Secured Visa Gold Preferred Credit Card
If you have had a history of bad credit, an Applied Bank Secured Visa Gold Preferred can help you regain your credit rating. While you must prove your identity and residency to qualify for the credit card, you will be able to improve your credit rating by making on-time payments. This card also reports to all three major credit bureaus, so your payments will be reported to them.
This card is offered by Applied Bank, which holds an A+ rating from the Better Business Bureau. In the last three years, the company has received just 100 complaints. You will not have to worry about getting a hard credit check, as the company reports payments to the major credit bureaus. The secured Visa Gold Preferred does not offer cash back or travel rewards, but you will benefit from a low fixed APR and worldwide acceptance.
Petal 2 Visa card
The Petal 2 Visa card for fair credit carries a high interest rate of 24.99%, which is higher than the average credit card. However, it has many advantages and is a great choice for those with good credit. For starters, it offers cash back rewards for making purchases. This card can be used to earn points that can be redeemed for free cash back, statement credits, or checks. If you have good credit, you can also use it to build your credit by paying off your balances in full each month.
The Petal 2 credit card does not require a security deposit. If you have a fair credit rating and a limited income, this card might be an excellent choice. The card also comes with several impressive features, such as rewards points and cashback. The Petal 2 credit card for fair credit has no annual fees and no security deposit. While it isn’t the best choice for those with bad credit, it is still a great option for those who need a no-deposit card and don’t want to be tied to an expensive card with high interest rates.