How to choose best credit card for fair credit? - Limited/Bad/Fair Credit Questions

Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » How to choose best credit card for fair credit?

How to choose best credit card for fair credit?

Answered on
Add to Favorites:

Tags: , , ,

With innumerable people opting to save money with the help of balance transfer credit cards, mortgage companies and banks are being meticulous regarding whom they should loan money. With the inflation raising the price of even the basic commodities, the credit card’s balances are stacking up for almost every individual.

Let us outline some of the outstanding credit cards offered on the basis of average, to fair credit.

Fair credit can be generally described as the financial condition of an individual, based on the basic facts on bill payments, amount of debt and the history of previous payments. Card companies usually scrutinize your earnings, debt load, assets as well as the repayment ability before approving your credit card loan application.

With fair credit, it doesn’t mean that you have to choose an obnoxious card which rather than helping you out, hurt your score even further. Every credit card possesses distinct advantages and drawbacks too, so it is recommended to read the fine print before applying.

Regular Credit cards for fair credit

Visa Classic Card from Iberia Bank is an absolute hands down, for people with average credit it can be termed as a best credit card. It extends 4% rate for purchases being made and 0% transfer offer. If your credit score is above average and moves into the fair score category, there is Citi® Platinum Select® Card which does not have any annual fee associated to it.

Reward Credit cards for fair credit

There are not a lot of good reward programs offered to credit card applicants with fair to average credit. There is one exceptional card to discard this general notion, and that is the Accelerated Rewards(TM) American Express® Card, offered by Bank of America to borrowers with average credit. Some of the eye catching features include no annual fee, and a 0% offer introduced to access the reward programs. The rate for balance transfers and new purchases is also fixed to a minimal value.

Card issuers intend to approve maximized credit limit for fair credit. People tend to under apply with the fear of being turned down. While applying for a credit card, ensure you fill in correct and precise financial details. This will ensure you get the best possible offer from the bank and at rates that are competitive enough for you to consider.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
See if you Pre-Qualify without harming your credit score
For Poor Credit
Easy pre-qualification process which does not affect your credit score
For Bad/Poor Credit
No Annual Fee. See WebBank/Fingerhut Credit Account Terms.
For Bad Credit

Other Questions in
Limited/Bad/Fair Credit