Fair credit is acceptable. There are many options. You have the option of Unsecured business cards, or the Upgrade Cash rewards Visa(r). Which one is best for you? You'll find out in this article. We will explain what you need to know about credit cards. We'll also cover what you should expect from each card. You can improve your credit score by getting the best credit cards for people with fair credit.
Unsecured credit card for business
It can be hard to get approved for an unsecured credit card for a business, but it is possible. Credit bureaus report payment activity for this type of card to them. Some report only to credit bureaus for business, while some report to credit bureaus for personal use. It is important to keep an eye on your credit scores every quarter. Once your credit score is higher, you are eligible to apply for an unsecured business credit card.
Numerous unsecured business credit cards have rewards programs and higher spending caps. They are more accessible if you have excellent credit but they can also be misused, especially if the limits are higher. Cardholders can overspend due to the higher interest rates and rewards programs. If you're concerned that you'll be tempted to spend more than you earn, consider a secured business credit card instead. If you are responsible with your spending, you will be in business for many years.
Capital One Platinum Credit Card
Capital One Platinum credit card is a good choice if your credit score has fallen below the required standard. This card does not require a security deposit or an annual fee. This card will allow you to build a credit record. You don't have to pay an annual fee. This makes it easier to manage your money and build credit history. You could be eligible for a higher credit limit in six months. If you have a great credit score and want to improve it, then this credit card is the right one for you.
This basic unsecured card has no annual fee and a higher credit limit after six month, making it an attractive alternative to secured cards. However, it does not offer a rewards program or a high interest rate. Capital One Platinum Credit Card for Fair Credit is intended to help people with poor credit build credit histories. To be approved, you will need a FICO credit score greater than 580. You can still be approved if you have a credit score between 580-620.
Petal 2 cards
Petal 2 credit cards offers a 1% Cash Back Rate on all purchases. After six or 12 consecutive monthly on-time payments, your rate increases to 1.25%. Additional 10% can be added for purchases made at select merchants. Petal2 card is unsecure. You don't have to deposit any money in order to open an account. The card has a few limitations, such as a high APR.
Petal is designed for people with low credit scores. If you have missed payments in the past, it will affect your preapproval decision. However, this shouldn't stop you from applying for a Petal 2 card. Bad credit borrowers have several options. Even though the Petal 2 Credit Card may be the best option, it is worth considering other options.
Upgrade Cash Rewards Visa(r)
A credit card called the Upgrade Cash Rewards Visa rewards consumers who make their payments on time. This card allows people with excellent credit to earn 1.5% cashback for every purchase. It does not require a security deposit or annual fee. Also, it reports on-time payments to all three major credit agencies. This interest rate may be too high for consumers with average or poor credit. For applicants with excellent to good credit, there are other options available that offer 0% intro and lower APRs.
The Upgrade Triple cash Rewards Visa can be used with a credit limit starting at $500. This credit card comes with a credit limit of at least $500. Your income and credit scores may affect your credit limit. Credit limits can be used for large purchases. You can also pay it off slowly. Cash advances cannot be made with this credit card. To qualify for this credit card you will need to have a steady income.