The best low interest credit card for fair credit is the Petal 2 Visa Credit Card because it is possible to get an interest rate below 15%, depending on your overall creditworthiness. That is the low end of a range from 12.99% to 26.99% (V), however, so it might be optimistic to assume you’ll get a rate that low. The Petal 2 Visa Card’s annual fee is $0.
It’s worth mentioning that when you have fair credit, getting a credit card with a low APR may not be the best option. Fair credit won’t qualify you for too many of the 0% APR deals offered by a lot of credit cards these days. And with a fair credit score, you probably won’t get the lowest APR available from the Petal 2 Visa Credit Card.
Store credit cards can offer deferred interest to people with fair credit. But you should be careful with deferred interest deals – if you don’t pay the full amount by the time the deferred interest period is over, you’ll owe your balance plus all the interest you would have accrued since you made the purchase.
The lowest interest options for fair credit are secured credit cards, meaning you’ll have to put down a deposit in the amount of the credit limit you want. So financing a big purchase on one of these cards wouldn’t get you ahead. It would require you to pay more of a deposit - which means you aren’t really getting a loan - plus an annual fee. If you’re planning on financing a purchase, you’re better off just paying for the purchase up-front.
Several student credit cards have 0% intro APRs, which could help you save on a big purchase or two if you’re in school and have built a fair credit score already. But hardly any credit cards offer low regular APRs, whether you have fair credit or great credit. Paying your credit card bill in full and earning rewards is the way to go.
Easy credit cards for fair credit are cards that even people with limited credit or bad credit can get. There are plenty of credit cards that require fair credit, at a minimum. But if easy approval is what you’re after, you’ll want to exceed the card’s requirements rather than just meeting them.… read full answer
Checking for pre-approval will give you a good idea of which credit cards will be easiest to get with your fair credit score. If you get pre-approved for a credit card, you have about a 90% chance of a successful application. Most major credit card companies let you check for pre-approval, including Bank of America, Capital One, Chase, Citi, Discover, and Wells Fargo.
That said, I’ll highlight a handful of specific cards that offer great terms and tend to be pretty easy for people with fair credit to get.
Easy Credit Cards for Fair Credit:
QuicksilverOne Cash Rewards Credit Card. The annual fee is $39. You’ll get 1.5% cash back on all purchases. The card requires limited credit.
Capital One Platinum Credit Card. There’s no annual fee or rewards. You can get the card with limited history.
Capital One Secured Mastercard. This card doesn’t charge an annual fee. The initial deposit will be $49, $99 or $200, depending on your credit worthiness. There are no rewards, and you can get approved with bad credit.
Discover it Secured Card. There’s a $0 annual fee and the minimum security deposit is $200. You’ll get 2% cash back on your first $1,000 spent per quarter on gas and at restaurants. You get 1% everywhere else. You can get this card with bad credit.
Target Credit Card. There’s a $0 annual fee. You save 5% on Target and Target.com purchases. Free shipping on most Target.com purchases. This card requires fair credit.
It’s not hard to find easy credit cards for fair credit, even ones with rewards. But it is hard to find 0% intro rates for financing. So it’s probably best to pay off your balance in full each month. And if you pay it on time consistently, you should see your credit score start moving up toward the good credit range.
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.
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.
The best credit cards for a 600 credit score are secured cards because they offer easy approval and are often much less expensive than unsecured credit cards for bad credit. Secured credit cards require a security deposit, and the card’s credit limit is equal to the amount of the deposit. This deposit is fully refundable when you close your account with a $0 balance.… read full answer
If you’re not sure where to start looking for secured credit cards for a 600 credit score, WalletHub has picked out a few examples of popular offers.
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