4 Best Credit Cards for Fair Credit (With High Limit)

Credit Cards for fair credit are focused on those who have scored between 630 and 689 in the FISCO range and are preparing their credit from the very start or restoring their credit after making mistakes. You need not feel helpless as there are certain credit cards you can avail even after having an average credit score. You can use those cards and enjoy the reward programs and avail beneficial perks. You can have all that even for no annual payment and no charges for foreign transactions.

You also need to be informed that you can be qualified for these cards easily; however, they also come with a higher interest rate. It is no issue if you make the full bill payments on time. Above all, as a responsible consumer, you should always try to maintain a good credit score while signing up for credit cards. Also, be informed that the issuers of these credit cards do not reveal your exact credit score essentials. Therefore you should always read all the terms and conditions properly.

Credit Cards for Fair Credit:

The following are some of the best credit cards for fair credit.

1. Petal Visa® Credit Card

This card is best for no fees. Here is an overview of the card features_

  • Reward: You can get 1% cashback on any purchase with this credit card and 1.5% when you do 12 monthly payments.
  • Annual fees: $0
  • Balance transfer fee: $0
  • Welcome Bonus: $0
  • Intro APR: None
  • Variable APR: 14.49% to 25.74%
  • Fee for a foreign transaction: None
  • Reward after 1 year: $ 219
  • Reward after 5 year: $ 1,093

Pros & Cons of Petal Visa® Credit Card:

Pros

  1. You are not required to produce your credit history
  2. Proper cash back features
  3. Card range: $500 to $ 10,000

Cons

  1. There is a welcome bonus offered
  2. No special offers for finance

With responsible expenditures and timely payment, you can enjoy good credit scores.

2. Discover it® Secured Credit Card:

This can be considered the most secured card. Here are the details_

Reward: You can get 1% cashback on any purchase with this credit card and 1.5% when you do 12 monthly payments.

  • Annual fees: $0
  • Rewards: with this credit card you can avail 2% cashback on any transactions made at restaurants and gas stations and up to $1,000. You can also get an unlimited cashback of 1% on any other transactions.
  • Balance transfer fee: 3% fee on intro transfer and 5% charge on future balance transfer. You are required to read the terms and conditions for a better understanding.
  • Welcome Bonus: this credit card matches all the cash backs you have availed at the end of the first year.
  • Intro APR: for the first 6 months, the Intro APR is 10.99% on balance transfer
  • Variable APR: 24.49%
  • Fee for a foreign transaction: No charges

Pros & Cons of Discover® Credit Card:

Pros

  1. There is no annual fee required with this credit card
  2. Your credit card account gets reviewed automatically at the month-end.
  3. Beneficial cashback offers
  4. You do not get the minimum expenditure requirements to avail of the bonus.

Cons

  1. The variable APR is considerably higher.
  2. The credit card limit is much lower for making big transactions.

3. Capital One® Platinum Credit Card:

If you are a frequent traveler and seeking for a Capital One Credit Card that suits your needs, this is the card for you. Don’t miss the features it has to offer_

  • Reward: None
  • Annual fees: $0
  • Balance transfer fee: $0
  • Welcome Bonus: $0
  • Intro APR: None
  • Variable APR: 26.99%
  • Fee for a foreign transaction: None

Pros &Cons of Capital One® Platinum Credit Card:

Pros

  1. No annual fees are required with this card
  2. No charges required for purchasing the U.S.A
  3. You can avail some exciting travel perks, such as accidental cover, roadside assistance as well as rental vehicle damage waiver.
  4. You can get a higher credit limit when you make a payment on time for the first five months.

Cons

  1. the variable APR is very high
  2. This credit card does not offer any reward program.

4. Deserve Edu MasterCard:

This card is best for college students. Following are the details_

  • Reward: 1% cashback of 1% on any transactions made with this card.
  • Annual fees: $ 0
  • Balance transfer fee: $ 0
  • Welcome Bonus: NA
  • Intro APR: None
  • Variable APR: 20.49%
  • Fee for a foreign transaction: None

Pros & Cons of Deserve Edu MasterCard:

Pros

  1. This card requires no annual fee
  2. You can avail 1 year free of Amazon Prime Student
  3. This card requires no social security number for applying
  4. You don’t have to submit your credit card history

Cons

  1. This credit card offers no financing offers
  2. You cannot enjoy any welcome bonus with this card.

FAQ’S:

1Q. Is a Petal Credit Card available for residents who live outside the US?

Ans: for now, Petal cards can only be availed by the citizens of the US. To sign up for the cards, a US resident needs to have a Social Security Number or ITIN.

2Q. How to know if I am liable for the Petal card before applying?

Ans: The earliest step is the pre-approval process. In this step, you get your approval validated based on the information you provide. If you make out this step, you get an invitation from the authority to make an application for the Petal Card. You need to be aware that, passing the pre-approval process does not liable you to have the card in hand. Proper application is highly required after the same.

3Q. What are the requirements to apply for the Discover Card?

Ans: To apply for a Discover Credit Card, you have to maintain the below details_

  • You have to be 18 years or above
  • Social Security Number is also required.
  • You got to have a bank account in the US and a proper address.
  • Keep your banking routing number while applying

The application submission process is available for 24*7.

4Q. How Platinum credit lines are determined?

As: The credit lines are reviewed after reviewing the submitted application and the applicator’s ability to make the payments. When the application is approved by the authority, a credit card holder can avail $300.

5Q. What is Discover® Identity Alert?

Ans: Discover Identity Alert is free of cost service offered with Discover It credit cards. Following are the features of this service_

  • Daily monitoring of your leaked information on the dark web. You get an alert when your Social Security Number is traced to similar websites.
  • Get your account report checked regularly.

However, you need to know that this service is available only online and the features of this service are not permanent and may change in time.

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