The best credit cards have generous terms for rewards, rates, fees, or all of the above — regardless of your credit score. Whether it’s excellent, fair, or bad, there’s a card out there that’s right for you.
When deciding which card matches your needs the best, you should compare features, consider your spending habits, and shop around to find the best offer. For example, rewards cards may not have the most affordable interest rates because they’re designed for cardholders who pay their whole balance each month.
To help you get started, WalletHub reviewed the most popular options on the market. Below are their top picks for people with excellent, fair, and bad credit. Each card offers great welcome bonuses, generous rewards programs, and zero-interest promotional periods.
Best For Excellent Credit + Cashback Rewards
Alliant Cashback Visa Signature
Annual fee: $0 for your first year, then $99
Purchase intro APR: N/A
Regular APR: 12.24% – 22.24% (variable)
Credit score requirements: Excellent
Rewards rate: 2.5% cashback
When you consider that most rewards cards offer just 1% cashback, the Alliant Cashback Visa Signature credit card is an excellent choice if you have excellent credit. It offers 2.5% cashback on every purchase, including gas, groceries, online shopping, drugstores, dining, and more. You can earn up to $250 each billing cycle on up to $10,000 in eligible purchases.
Alliant may be a credit union, but you can still qualify for this card no matter where you live. If you want to apply for the Alliant Cashback Visa Signature but need to become a member, all you need to do is donate $5 to Foster Care to Success.
Besides the cashback rewards it offers, this credit card also offers several travel perks. Cardholders can get peace of mind with up to $250,000 Travel accident insurance, rental car coverage, and roadside assistance. In addition, Alliant will cover up to $5,000 in fraudulent purchases if your credit card is stolen, while Visa extends $0 liability protection.
Best Credit Card For Fair Credit
Capital One QuicksilverOne Cash Rewards
Annual fee: $39
Purchase intro APR: N/A
Regular APR: 26.99% (variable)
Credit score requirements: Fair
Rewards rate: 1.5% cashback
With the Capital One QuicksilverOne Cash Rewards credit card, you can get 1.5% cashback on every purchase — with no limits on the rewards you can earn. For a card designed for those with fair credit, that’s not a bad deal. This card also has no rotating categories you need to sign up for, making it one of the most flexible rewards cards for fair credit.
And because the annual fee is just $39, you cant keep more of those rewards to yourself. If you make a minimum of $2,600 in purchases each year and pay your monthly balance in full, your rewards will be more than enough to offset this charge.
If you pay your bill on time and in full after six months, Capital One will automatically review your account for a higher credit limit. You can check your credit profile using the free CreditWise app, get peace of mind with $0 fraud liability, and receive personalized notifications and easily track your account with the intuitive mobile app.
Best Credit Card For Bad Credit
Credit One Bank Visa
Annual fee: $0 – $99
Regular APR: 17.99% – 23.99% (variable)
Credit score requirements: Bad or No Credit
Rewards rate: Up to 1% cashback
Just because you have bad credit doesn’t mean you should only have access to secured cards. The Credit One Bank Visa is an unsecured credit card, which means you don’t have to pay a security deposit to open an account. This card helps you build your credit by offering an initial $300 credit limit and reporting to the three major credit bureaus. It also offers up to 1% cashback on the purchases you make every day.
If you’re in a financial jam and need quick access to financing, the Credit One Bank Visa is the right choice, as long as you stay on top of your monthly payments. You can receive pre-qualification without worrying about damaging your credit score, check your Experian credit report for free, and pick a due date that fits your schedule.
Credit One Bank will automatically consider you for a higher credit limit with responsible use. And since it’s a Visa card, you know you’ll get the same great liability protection against unauthorized purchases.
- Kiernan, John. “Best Credit Cards: Compare the Best Credit Cards & Apply Online for the Best Credit Card for Your Needs: Best Credit Cards for Rewards, Best Credit Cards for Travel, Best Credit Cards for Bad Credit.” 9 Best Credit Cards of February 2021 – Top Cards for All Needs, WalletHub, 27 Jan. 2021, wallethub.com/best-credit-cards.