The content is accurate at the time of publication and is subject to change.

Credit cards have become a daily necessity to meet daily needs and expenses. Lending financial institutions has upped their stake by filtering out high-risk individuals, who are likely to default on their regular payments. Late payments, long debt lists, multiple credit card accounts are known to reduce your credit score. Since your credit score is an indicator of your credit worthiness, a lower credit score will see your loan applications being turned down by major banks. You credit ratings will therefore play a major role in deciding the kind of credit card you are eligible for. You don't have to rush off to get a credit card for bad credit and pay high fees. Go for a fair credit card to enjoy reward offers, no annual fees, low balance transfer fees, cash back offer and much more.

You might be wondering how a normal credit card differs from a credit on fair credit. Here is some information you can use the next time you approach a bank or a credit union.

You have been a regularly paying your monthly credit card dues but you missed out on just two payments and had to pay a late fee. If you fall in this category, then your credit score can be anywhere in between lows of 650 - highs of 699. These credit cards are also known as near prime credit cards. This score does not preclude your candidature for having a credit card as it indicates that you are neither a major defaulter nor managing your personal finances very responsibly! You are therefore just above the danger mark. A credit card for fare credit just limits the amount of credit you can borrow and offers only limited rebate programs.

It is simple enough to improve your credit score. Firstly choose a credit card with no annual fees and low interest rates. Secondly, automate your bank account to avoid missing out any bill payments and use the money saved (not having to pay late fee and higher interest) to purchase your favorite car magazine! Thirdly, make sure that your credit score is not a typo error, monitor your credit reports and point out any mistakes to the Credit Bureau. You can request for three credit reports in a year so go ahead and check these out. Fourthly, become responsible and learn to manage your personal finances.