When you have fair credit and want to improve it, you might feel like secured cards are your only option. After all, it seems like many unsecured credit cards are reserved for people with good or excellent credit. But actually, there are many credit cards for fair credit that don’t require a deposit, have affordable rates and fees, and even offer generous rewards.
If you’re interested in adding a new credit card to your wallet, check out some of CreditCards.com’s top choices for the best credit cards for average credit.
Capital One Platinum Credit Card
Rewards Program: No
Annual Fee: $0
Regular APR: 26.99% (Variable)
The Capital One Platinum card is a great starter card for those trying to build their credit. When you use your card responsibly, Capital One will automatically review your account for a higher line of credit within six months. You can also get peace of mind knowing you have fraud coverage in case your card is lost or stolen.
Capital One offers a few convenient perks, such as 24/7 online banking from your phone or computer and contactless payment. With a contactless credit card, you can quickly complete transactions without you or a cashier needing to touch a thing. It’s as simple as holding your card above a contactless reader and waiting for the confirmation.
When it comes time to pay your bill, you can make your payments via check, online, or at your nearest Capital One bank. Plus, you can select a due date that fits your schedule, making it easier to manage your finances.
Indigo Platinum Mastercard
Rewards Program: No
Annual fee: $0 – $99
Regular APR: 24.90%
When you have average credit, you don’t want to risk affecting your score by applying for multiple cards hoping that one issuer will approve you. But with the Indigo Platinum Mastercard, you can pre-qualify without worrying about hurting your score — even if you filed for bankruptcy in the past.
Indigo’s pre-qualification process is straightforward and fast, so you don’t have to wait around for an answer. When you receive approval, you can monitor your account online and on your phone through Indigo’s mobile-friendly website. Like Capital One, Indigo also offers fraud protection if you accidentally lose your card or someone steals it. You can use your card at more than 35 million merchants around the world.
Credit One Bank Visa For Rebuilding Credit
Rewards Program: Yes
Annual Fee: $0 – $99
Regular APR: 17.99% to 23.99% Variable
The name says it all: The Credit One Bank Visa for Rebuilding Credit is an excellent option when you want a card to help you continue improving your credit health. Credit One Bank reports to the three major credit bureaus every month, so you’re sure to see an improvement. You’ll also be eligible for an automatic credit line increase with responsible use.
Just because you have average credit doesn’t mean you should miss out on rewards. But with this card, you don’t have to worry. You can earn 1% cash back on qualifying purchases, such as gas, groceries, and even monthly payments for your phone, internet, cable, and more.
Credit One Bank offers fraud protection, so if your card is lost or stolen, you won’t have to pay a penny. You’ll also get access to your Experian credit score and report for free, making it easier to find ways to improve your credit health and check for suspicious activity. Finally, you can pick the date you want to pay your monthly bill, so you don’t have to worry about a surprise payment.
Avant Credit Card
Rewards Program: No
Annual Fee: $39
Regular APR: 25.99% (variable)
Want a basic, simple, no-strings-attached credit card? Then look no further than the Avant credit card. As an unsecured card, you don’t need to pay a deposit to open an account, and Avant will report your activity to Experian, Equifax, and TransUnion.
You don’t have to worry about penalty APRs or hidden fees — you just pay the $39 annual fee. However, if interest is charged, it will never be less than one dollar. There is also a 3% charge for cash advances (or a minimum of $10).
The application process is fast and easy, so you don’t have to wait to receive an answer. Avant will regularly review your account, so if you use your card responsibly, you’ll have opportunities for a higher credit line.
Like most credit cards, you can get fraud protections and pay nothing if an unauthorized charge is made. But you can also enjoy additional protection thanks to Mastercard ID Theft Protection.
Avant also offers convenient bill pay options through its online portal, which is available around the clock.
- Yarbrough, Garrett. “Best Credit Cards for Fair/Average Credit of 2020.” Edited by Laura Mohammad, CreditCards.com, 1 Dec. 2020, www.creditcards.com/fair-credit/.