Finding the Best Credit Cards for Fair Credit

As you build your credit history for the first time, or rebuild a bad credit score, you’ll reach a credit score range that’s kind of like being in limbo. Some lenders approve applicants with credit scores between 580-669,1 but those options can still come with some limitations.

What Kinds of Credit Cards Can You Get?

When you have good or excellent credit, you have the most options available in terms of credit card APR, annual fees and rewards. When you have fair credit, you have more-limited choices.

The bad news is you’ll likely be granted a lower credit limit, as lenders will pay closer attention to your income and any credit card debt you already have.

The good news is that there are many credit cards available to those with fair credit from a number of major credit card companies. And even though you’re still proving your creditworthiness, these cards often come with rewards and other features worth looking out for.

Discover It Secured Credit Card

Build or rebuild your credit with Discover it® Secured Card.

Sponsored

Build or Rebuild Your Credit with Discover it® Secured Card.

Sponsored

Get Your Credit on the Right Track.

Build or rebuild your credit with Discover it® Secured Card.

See Our Secured Card

Sponsored

Get Your Credit on the Right Track with Our Secured Card 

Build or rebuild your credit with Discover it® Secured Card. 

Sponsored

Build or Rebuild Your Credit with Discover it® Secured Card

Get 2% cash back on gas and restaurants with Discover it Chrome for students. Go for it.

Features To Look For in Credit Cards for Fair Credit

When shopping around for a credit card, pay attention to the features you’re offered. Pay attention to rewards, and look for a card that will maximize the return on your everyday spending. Different rewards cards offer different rewards structures. Some favor travel; others more routine expenses like gas and groceries. Some cards simply offer a flat rate “back”—say, 1%—on every dollar you spend. Other important things to consider are annual fees and APR, or annual percentage rate, especially as you look to raise your credit score even higher.

APR is the interest rate you’re charged any time you don’t pay your credit card bill in full and carry a balance. If you carry a balance or think you might, note that APRs can be as high as 25% and can result in steep costs for borrowing. Some cards offer 0% APR for an introductory period, which will let you pay down debt interest-free for a while.

Use Credit to Your Advantage

Since raising your credit score into the good or excellent range will give you even more credit card and loan options, think of this credit card as a way to propel you there. Looking for a card with an annual fee (or lack thereof) and APR that best matches the state of your finances is important.

By paying your credit card bills in full and on time, and avoiding too much credit card debt, you could become eligible for cards with lower interest rates, higher spending limits and better rewards.

1http://www.discover.com/credit-cards/fico-credit-score-free/

Legal Disclaimer: The articles and information provided herein are for informational purposes only and are not intended as a substitute for professional advice. 

Up Next  

How You Can Increase Your Credit Score Even More

Explore More Topics:

You Might Also Like...

  • Maintaining Credit
  • Credit Score 101
  • Building Credit
  • Discover It Secured Credit Card

    Build or rebuild your credit with Discover it® Secured Card.

    Sponsored

    Build or Rebuild Your Credit with Discover it® Secured Card.

    Sponsored

    Get Your Credit on the Right Track.

    Build or rebuild your credit with Discover it® Secured Card.

    See Our Secured Card

    Sponsored

    Get Your Credit on the Right Track with Our Secured Card 

    Build or rebuild your credit with Discover it® Secured Card. 

    Sponsored

    Build or Rebuild Your Credit with Discover it® Secured Card

    Get 2% cash back on gas and restaurants with Discover it Chrome for students. Go for it.
Build or rebuild your credit with Discover it Secured Card. More Details.