No, there is no Barclaycard for fair credit. All Barclays credit cards require at least good credit, and some require an excellent credit score. So, if your score is below 640, a Barclaycard application probably won’t end in success. But plenty of issuers other than Barclaycard have credit cards for fair credit or below. Capital One is one of the best, with offers that require just fair, limited or even bad credit for approval.
Here’s what to get instead of a Barclaycard for fair credit:
$39 annual fee and $0 foreign transaction fees. 1.5% cash back on all purchases. 26.99% (V) APR. Access to a higher credit line possible after 6 months. You can get this card with fair or limited credit.
$0 annual fee. 1% cash back on all eligible purchases, up to 1.25% back after 6 months of on-time payments, and 1.5% cash back after 12 consecutive months of paying on time. 12.99% - 26.99% (V) APR. You can get this card with fair or limited credit.
$0 annual fee. 5% discount at Target and Target.com. You get an extra 30 days for returns, free shipping on Target.com purchases, and early access to special promotions. 22.9% (V) APR. You can get this card with fair credit.
So, there’s no Barclaycard for fair credit, but there are alternatives from other credit card companies that have both good rewards and low fees. And a Barclaycard isn’t out of reach forever. If you pay your bills on time and stay well below your credit limit, you’ll move up to the good credit range in no time.
Nah, unfortunately they don't do anything for fair credit. Their lowest requirement is for "Good" credit, so 700 and above. Usually, card for fair scores are store-only cards, so you might wanna look for those.
The easiest unsecured credit cards to get generally work best for minor emergencies. You will only receive a small amount of spending power, after all.
Unsecured credit cards for people with bad credit also tend to be very expensive, charging lots of fees and high interest rates. So, if you don’t need a small emergency loan, the best course of action is to improve your credit inexpensively with a secured card. Secured cards are cheaper than unsecured cards, build credit just as effectively, and offer the closest thing you’ll find to guaranteed approval.
But Barclays isn't the only issuer out there, and several others have secured cards for people who are rebuilding their credit. Secured cards are generally open to those with bad credit because they require a security deposit. The deposit serves as your credit limit, and as collateral if you default. If you pay off your balance and close your account, you'll get your deposit back. Some of the best options even offer rewards.… read full answer
Here are some alternatives to a Barclaycard for bad credit:
Bank of America® Customized Cash Rewards Secured Credit Card: $0 annual fee. 3% cash back in a category of your choice, 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly in the 3% and 2% categories combined), and 1% back on all other purchases . Requires a minimum security deposit of $300. Your credit line is the same as your deposit.
Credit One Bank® Platinum Visa® for Rebuilding Credit: Annual fee of $75 intro 1st yr, $99 after. 1% cash back on gas and grocery purchases, as well as 1% back on mobile phone, internet, cable and satellite TV services. Unsecured, with a $300 initial credit limit. Open to those with bad credit.
Capital One Platinum Secured Credit Card: $0 annual fee. Minimum deposit of $49, $99 or $200, depending on the specifics of your credit. Your credit line is a minimum of $200, plus anything you add, up to your maximum approved credit line.
The best alternative to a Barclaycard for bad credit is a secured card from another major issuer. While there are unsecured credit cards for bad credit, their secured counterparts will often have better rates and even offer rewards. If you pay your bills on time and avoid maxing out your credit limit, you'll start seeing your credit score go up.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.