What are some good credit cards for fair credit with no deposit?

This question is about Credit Cards for Fair Credit

Lisa Cahill, Credit Cards Moderator

@lisacahill 01/30/21 This answer was first published on 01/30/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Some good credit cards for fair credit with no deposit are the Capital One Platinum Credit Card and the Capital One QuicksilverOne Cash Rewards Credit Card. The Capital One QuicksilverOne Cash Rewards Credit Card gives 1.5% cash back on every purchase but has a $39 annual fee. You get the opposite with the Capital One Platinum Credit Card. It has a $0 annual fee but no rewards. Both cards have high APRs.

Both cards offer a minimum starting credit limit of $300. They also share a feature where you may get access to a higher credit line after making your first 5 payments on time. Plus, Capital One cards don’t have foreign transaction fees.

Argan Exsar, Member

@argan_exsar 07/10/19 This answer was first published on 08/24/18 and it was last updated on 07/10/19.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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If you’re into online shopping, you can’t go wrong with the Amazon.com Store Card. Yes, you are limited to purchases on amazon.com. But if you’re a Prime member, you’ll get 5% on all of your purchases. There’s a $0 annual fee, too, though you’ll have to pay $119 a year for a Prime membership to get the 5% benefit. You’ll also get a $10 Amazon.com gift card loaded to your Amazon account after approval.

People also ask

What is an average credit score? And what is a bad credit score?

Below is a rough breakdown of the credit score range (there are 3 major reporting companies and they do not all follow these exact numbers). Depending upon what site/company/government entity you listen to, the average credit score is anywhere from 625-750.

Excellent Credit: 750+
Good Credit: 700-749
Fair Credit: 650-699… read full answer

Poor Credit: 600-649

Bad Credit: below 600

To increase your credit score, start with these simple steps:

1. Make sure all of your debts are paid on time every month

2. Review your credit report to ensure there is nothing on there that shouldn't be

3. If you are in major debt, call the creditors and ask for them to lower the monthly payment, forgive some of the debt, or work out a payment plan that you can actually afford.

Good luck!

P.S. WalletHub offers an awesome (and FREE) credit reporting tool at /free-credit-score so check it out!

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What's the easiest unsecured credit card to get approved for?

The easiest unsecured card to get is the Fingerhut Credit Account. But it won’t suit everyone’s needs. Fingerhut is an online marketplace, and its card can only be used to make purchases on the site. So while it will give you an unsecured line of credit, it won’t really help you cover emergency expenses.… read full answer

If you’re looking for a card that can be used for anything, the Credit One Bank® Visa® Credit Card is your best bet. You can get approved for it with bad credit. It offers a $300 starting spending limit. And you can use it wherever Visa is accepted.

Those aren’t your only options, though. WalletHub’s editors compared all of the unsecured credit cards in our database of 1,000+ offers. And we selected our favorite easy-to-get offers.

Easiest Unsecured Credit Card to Get Approved For

Fingerhut Credit Account: Overall

Credit One Bank® Visa® Credit Card: Rewards

Capital One® Spark® Classic for Business: Small Business

Petal® 2 Visa® Credit Card: Limited Credit

Deserve® EDU Mastercard for Students: Students

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.

To learn more, check out WalletHub's complete list of the year’s easiest credit cards to get approved for.

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