While there are many benefits to having credit cards for people who have fair credit, there are also some things you should consider. Experts recommend that credit usage not exceed 30 percent. Your score will be determined by your credit utilization. A major way to improve your credit is to pay off debt. Paying your bills on time is the best way to improve credit. You can also put extra money down whenever you can to lower your balance. The general rule of thumb is that the lower your credit score, the higher your balance will be.
Capital One QuicksilverOne Credit Card Cash Rewards
When looking for a good credit card, Capital One QuicksilverOne Cash Rewards is one of the best options for those with fair to poor credit. The rewards program has an introductory cash back rate of 1.5% and rotating bonus categories, allowing you to earn higher rewards on certain purchases. This card is great for people with fair credit, but its annual fee is high, so be prepared to shell out some money for it. In addition to a low annual fee, you can earn unlimited cash back on most purchases and no limit.
A Capital One card can be difficult to obtain, especially for those with a poor credit history. Capital One cards may be available to you if your credit history is not good. These cards are great for building credit and establishing good payment habits.
Capital One Platinum Card Credit Card
Capital One Platinum Credit Cards are a great option for those with average credit. The unsecured card is not subject to an annual fee but you could not earn rewards by using it. This card has no annual fees and can be used to increase your credit limit. You can build credit and earn rewards with this card without ever having to pay an annually fee.
The Platinum Credit Card, a starter card, offers many benefits for those with good credit. It has no annual fee and does not charge foreign transaction fees. You can also use it for local currency purchases. Unlike other credit cards, this one does not require an annual fee. The best part is that there are no foreign transaction charges so you don't have any worries about them.
Discover Avant Credit Card
The Discover Avant Credit Card for Fair Credit is an unsecured credit card that allows borrowers build credit without having to put up a security deposit. Although it has few perks, it is still competitive in the credit-building market. These are some important things to remember before you apply. Foreign transaction fees are not charged by Avant Credit Card. Getting prequalified for the card is free, and you'll get a decision in about four weeks.
Avant Credit Card lets you take cash advances. This is possible up until 25 percent of your credit limits. If your credit limit is $400 you can withdraw only $100 from a cash-machine. You will have to repay the money borrowed if you make large purchases. Avant Credit Card is not a reward program, but there are a few perks you may find appealing.