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MoneyUnder30.com

Credit Cards for Fair Credit

If you don’t have a long credit history or are rebuilding your credit after some minor credit problems, these credit cards for fair or limited credit offer a combination of better terms and a higher chance of approval.

Barclaycard® Rewards MasterCard® - Average Credit

Great For: Rewards for spending on gas and groceries

Credit Needed: Fair

Average Approved Score: 658*

Lowest Approved Score: 610*

  • No annual fee
  • Earn 2 points per $1 on gas, grocery, and utility purchases and 1 point per $1 everywhere else
  • Use the points you earn like cash to pay for almost any purchases you've made.
  • No blackout date, no redemption fees, no limit on the points you can earn and no complicated set up.
  • Reports to all 3 major credit bureaus monthly providing you the opportunity to rebuild your credit score
  • Complimentary FICO® Scores as a benefit to active cardmembers. Opt-in to have instant and convenient access to FICO® Scores from your Barclaycard online account.
Intro APR
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Regular APR Annual Fee
N/A N/A N/A N/A 24.99%* Variable $0

Capital One® Platinum Credit Card

Great For: Balance transfers and a low annual fee.

Credit Needed: Fair

Average Approved Score: 620*

Lowest Approved Score: 554*

  • Start with no annual fee for the first year; $19 after that
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Fraud coverage if your card is lost or stolen
  • Use online banking to access your account - even from your smartphone with our mobile app
  • Pick the monthly payment due date that works best for you
  • Pay however you want–by check, online, or at a local branch, all with no fee
  • Get access to your account 24 hours a day, 7 days a week
  • Start building for the future with features that can help you get there
Intro APR
Purchases
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Balance Transfers
Regular APR Annual Fee
N/A N/A N/A N/A 24.9%* Variable $0 intro for first year; $19 after that

Capital One® Spark℠ Classic for Business

Great For: Building business credit with cash back rewards.

Credit Needed: Fair

Average Approved Score: 640*

Lowest Approved Score: 583*

  • Enjoy no annual fee
  • Earn 1% cash back on every purchase, every day
  • Build business credit with responsible use
  • Separate business expenses from personal expenses
  • $0 Fraud Liability if your card is ever lost or stolen
  • Enjoy business benefits including Year-End Summaries, employee cards at no additional cost, and experienced small business customer service
Intro APR
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Regular APR Annual Fee
N/A N/A N/A N/A 22.9%* Variable $0

Capital One® QuicksilverOne® Cash Rewards Credit Card

Great For: Cash back rewards and low intro rates.

Credit Needed: Fair

Average Approved Score: 618*

Lowest Approved Score: 573*

  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories and no sign ups needed to earn cash rewards
  • Redeem the cash back you earn for any amount, any time
  • No limit to the cash back you can earn
  • Your cash back doesn’t expire
  • 0% intro APR on purchases until May 2015
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Fraud Coverage if your card is ever lost or stolen
Intro APR
Purchases
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Regular APR Annual Fee
0% until May 2015 N/A N/A 22.9%* Variable $39

Credit One Bank® Credit Card with Gas Rewards

Great For: Earning rewards with no credit check

Credit Needed: Fair

Average Approved Score: 601*

Lowest Approved Score: 552*

  • 1% back on gas purchases
  • No limit to the gas rewards you can earn
  • Rewards post to your account automatically each month
  • Get Pre-Qualified without affecting your credit score
  • Make your first six payments on time and get an opportunity for a credit line increase
  • Keep an eye on your credit information with free online monthly credit score tracking
  • Choose your card design from our premium gallery
  • Email or text alerts to remind you when your payment is due
Intro APR
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Regular APR Annual Fee
N/A* N/A* N/A* N/A* 17.90%-23.90%* Variable $35-$99

Discover it® for Students

Great For: Helping students build good credit history.

Credit Needed: Fair

Average Approved Score: 661*

Lowest Approved Score: 614*

  • No annual fee. No overlimit fee. No foreign transaction fee. No late fee on your first late payment. And paying late won't increase your APR.*
  • 5% cash back at gas stations on up to $1,500 in purchases from July through September 2014 after you sign up*. 1% cash back on all other purchases.
  • Free FICO® Credit Score online and on monthly statements.*
  • Looks out for you since each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases.*
  • 0% intro APR* on purchases for 6 months, then the standard variable purchase APR of 12.99% - 21.99%.
  • Free text alerts can remind you when your payment is due. And free mobile app helps you stay on top of your account.
  • *Click "Apply Now" to see rates, rewards, free FICO® Credit Score terms and other information.
Intro APR
Purchases
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Balance Transfers
Regular APR Annual Fee
0% 6 Months See Terms See Terms 12.99% – 21.99%* Variable $0

Discover it® for Students with $20 Cashback Bonus

Great For: Helping students build good credit history.

Credit Needed: Fair

Average Approved Score: 659*

Lowest Approved Score: 612*

  • Experience our cash rewards with $20 Cashback Bonus® after you make your first purchase within 3 months of approval.*
  • 5% cash back at gas stations on up to $1,500 in purchases from July through September 2014 after you sign up*. 1% cash back on all other purchases.
  • No annual fee. No overlimit fee. No foreign transaction fee. No late fee on your first late payment. And paying late won't increase your APR.*
  • Free FICO® Credit Score online and on monthly statements.*
  • Talk to a real person any time with 100% U.S.-based service.
  • Looks out for you-since each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases.*
  • *Click "Apply Now" to see rates, rewards, free FICO® Credit Score terms and other information.
Intro APR
Purchases
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Purchases
Intro APR
Balance Transfers
Intro Term
Balance Transfers
Regular APR Annual Fee
N/A N/A See Terms See Terms 12.99% – 21.99%* Variable $0

Discover it® chrome for Students

Great For: Cash back rewards in categories like dining and gas.

Credit Needed: Fair

Average Approved Score: 653*

Lowest Approved Score: 586*

  • No annual fee. No overlimit fee. No foreign transaction fee. No late fee on your first late payment. And paying late won't increase your APR.*
  • 2% cash back on up to $1,000 in combined purchases at restaurants and gas stations every quarter - no sign-ups needed*. 1% cash back on all your other purchases.
  • 0% intro APR on purchases for 6 months-then a variable purchase APR applies, currently 12.99% - 21.99%.
  • APR won’t go up if you pay late.
  • Free FICO® Credit Score online and on your monthly statement so you can track your score’s progress*.
  • Free text alerts can remind you when your payment is due. And free mobile app helps you stay on top of your account.
  • 100% U.S.-based customer service-anytime, day and night.
  • *Click "Apply Now" to see rates, rewards, free FICO® Credit Score terms and other information.
Intro APR
Purchases
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Purchases
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Balance Transfers
Intro Term
Balance Transfers
Regular APR Annual Fee
0%* 6 Months See Terms See Terms 12.99% – 21.99%* Variable $0

About Credit Cards for Fair Credit

The key to good credit is managing your credit well.  If you don’t have a long credit history, or you are recovering from a minor credit problem like late payments or years of high credit card balances, you will need to prove to the credit bureaus that you can be trusted with a line of credit. Until you show them that you are responsible, they have no way to assess your credit risk.

These credit cards for fair credit offer a way for you to begin to build (or rebuild) your credit score. They offer a higher chance of approval for people with credit scores in the 500-600 range and favorable terms. Once you have your new card, to expedite the building of your credit, it is important to begin making small purchases on a monthly basis (and remembering to pay the card off in full at the end of the month).

*This information is provided through a relationship with CreditKarma.com. Credit Karma members have received approvals with these TransUnion New Account credit scores. Please note that because other factors may affect credit card approval, these approval metrics are only guidelines and approval is not guaranteed.