The Best Credit Cards for Fair Credit

Improving your credit score and history starts with a solid credit card. With this comprehensive guide, learn the ins-and-outs of the best credit cards for fair credit out there on the market.

If you thought that it isn't possible to build good credit with a limited credit history, or nearly impossible to rebuild credit after a bankruptcy, then you're in luck!

Below, this guide will cover the methods and cards that will improve your credit and get you back on track toward the financial confidence that you deserve.

If that's something you'd like to do, then continue right along below.

Even if you have fair credit you can save money and even earn some rewards along the way – as long as you pick and responsibly use the right credit card

Perhaps your credit score isn't horrible, but it's not fantastic either.

Maybe you've had some financial setbacks that made it difficult to keep up with payments — emergencies happen, jobs can be lost, and poor financial planning can get the best of us.

But now you have a plan to get back on the right track.

Or maybe you're just starting out on your journey to begin building credit.

Building, and especially rebuilding, credit can sometimes feel completely overwhelming.

And quite often, the thought of saving money, and even earning rewards on top of that, goes straight out of the window.

Even if you have a plan to responsibly pay back monthly balances, having bad to fair credit can seem like you're always getting the short end of the stick – it feels like you're on the fence with card issuers, getting hit with high fees and APRs, and can't build better credit.

But without being able to show credit card issuers that you're a responsible consumer, how can you improve your credit?

Improving your credit is important for many reasons.

It will certainly help you qualify for things like credit cards with good interest rates, but it certainly isn't just about that.

Having a good credit history and credit score can sometimes determine outright whether you're accepted or not for loans, mortgages, and credit cards.

And even if you are approved, with poor credit you'll likely pay much more in interest.

Shares of Purchase Volume for U.S. Credit Card Issuers (2016)

Let's look at some numbers to understand the drastic difference in average APR offered when comparing the national average and those with bad credit.

Kelly Dilworth reports on creditcards.com that the average APR rates are slowly climbing higher for consumers, which means we're getting hit with more interest fees.

In the last six months between October and May of 2017, the national average APR moved from 15.71-16.15%. For those with bad credit, the APR moved up from 23.20-23.46% in the last six months.

We can clearly see that those with bad credit are getting hit the worst with interest, and it doesn't look like it's going to change anytime soon.

This is driven by the fact that credit issuers see those with bad and fair credit as much riskier to lend to.

If you're one of the consumers with subprime credit and a less-than-perfect credit history, or even if you've defaulted on a loan or have gone through bankruptcy, there's hope – there are things you can do today to start improving your credit.

This guide will give you the information, tips to know and what to avoid when looking for a fair-credit credit card.

This guide will give you the financial confidence you deserve. So let's dive in!

3 tips you need to know before you apply for a fair-credit credit card

There are 3 major credit bureaus that keep track of your credit score.

However, because the top 90% of U.S. lenders use FICO scores, we'll break down the FICO credit score ranges to give you a better understanding of what they are.

The full range of FICO scores is 300-850.

Fair or average credit score is usually considered anything between 630-689.

It's possible, but difficult, to get a mortgage with a credit score below 620.

Pre-qualify without impacting your credit. Many of the cards reviewed below will offer an option for you to get pre-qualified.

Getting pre-qualified is somewhat like an application fast-lane, which avoids any potential negative impact on your credit.

You'll still fill out similar basic information that the credit card issuer then looks over to tell you whether you are or aren't pre-qualified.

If you are pre-qualified, that doesn't guarantee that you will be approved when you apply but it'll give you a pretty good picture of your eligibility.

And on the other side, if you're not pre-qualified and are turned down, it won't impact your credit score.

Keep in mind that when you apply for a credit card and are denied, that can negatively impact your credit. Many people are denied approval.

Nonetheless, only apply for credit cards that you are serious about getting.

If you're carrying a balance, balance transfers can be very helpful. If getting hit with interest is keeping you from chipping away at your balance, then look to move your debt to a card that won't charge you interest while you pay down your balance.

Many cards will offer introductory APR rates of 0% for any given length of time.

Not all cards have intro APR offers, so keep your eyes on the APR rates for each card as they are reviewed in detail below.

Note APR, but avoid paying interest by making monthly payments on time. The easiest way to avoid paying for interest is by paying your monthly statements on time.

Most credit cards will offer you what they call a "grace period," which is usually around 25 days. This means that the credit card company will give you 25 days to make a purchase, and if paid back within the grace period, you won't be charged any interest.

But, the reality is that sometimes we may have to carry some credit beyond the grace period. This is why you should always know what the current APR is on your card.

Building good credit can take time, there's no overnight miracle credit card, so don't worry, take your time, make your monthly payments, and you'll slowly see your credit score climb higher.

3 mistakes to avoid when looking for a credit card with fair credit minimum requirement

When looking at cards for those with fair credit, the terms and conditions will look different compared to credit cards that are meant for those with excellent credit.

Fair-credit credit cards are meant to help people build credit and show credit bureaus and credit card issuers that they can responsibly borrow money.

Rewards are nice but don't focus on them too much. If someone asked you whether or not you'd like rewards on purchases you already make, you'd most likely say yes.

But, when building or rebuilding credit, the rewards shouldn't be the main attraction for you.

If you have fair credit but avoid all credit cards without any rewards, it might make it extremely difficult to get approved for a credit card.

The most important thing is that you can show the three major credit bureaus, as well as credit card issuers, that you can responsibly borrow, spend, and repay credit.

Doing that consistently will slowly help you build your credit to eventually get you those high-rewarding cards you deserve.

So yes, go ahead and look if the different credit cards offer rewards.

But the most important numbers to pay attention to are things like annual fee and APR.

Running into high APR while carrying a balance can completely negate any rewards you earn and negatively affect your credit score and history in the long-run.

Be patient and apply when ready. Don't just apply for every credit card you see.

There are many out there and ultimately, believe it or not, credit card issuers want you to apply and they want to approve your application.

But when submitting credit card applications, whether you're accepted or not, the application, if it's a 'hard pull', will show up on your credit history/report.

People do get denied for credit card applications, so don't beat yourself up over it – and it's certainly not the end of the world.

But keep in mind that constantly being denied doesn't look good on your credit report, which will also negatively impact your credit score.

You may be asked for additional information. Another thing to keep in mind is that as a credit card applicant with fair credit, there's a chance that credit card issuers will ask you to provide additional information after initially applying.

When being asked for more information, that's neither a yes or no from the credit card issuer, so don't get caught without the right info and have your application fall through.

By comparing the credit cards from the complete review below, you'll know which ones are best to help you save money, build good credit, and even earn rewards

With an average credit score in mind, the credit cards reviewed below were chosen to highlight the array of more accessible credit card options out there.

Many of the cards on the list will be easier to qualify for when compared to other cards with big sign-up bonuses, perks, and rewards programs that require a minimum credit score of good to excellent.

Credit cards with lots of generous rewards and perks can be great, but credit card issuers tend to strongly favor applicants with good to excellent credit for such cards, so they weren't included in the list below.

Compare the credit cards below to gain the financial confidence you deserve. Knowing how to handle your finances isn't always easy, but the right tools can help you go a long way.

The credit cards below were chosen to show you the different ways you can take advantage of various credit cards to fit your needs.

Are you looking for a card with no annual fee? A card with a great intro APR offer? A card to help rebuild credit even after bankruptcy?

The credit cards that are reviewed and compared below will differ in costs like annual fees and APR, so look out for that.

They will also differ because some offer rewards while others don't.

The most important thing to look out for is which card will meet your needs the best.

Discover it Miles

Great for those looking to double their unlimited travel rewards points on every purchase

It's true that for many consumers Discover credit cards might not be on the top of their list for travel rewards.

Reasons People Sign Up for Travel Rewards Credit Cards (2017)?

But, they do consistently rank very high in J.D. Power's credit card customer satisfaction survey, which makes being a Discover cardholder a great overall experience.

So what if Discover had a card with great rewards to match its superior customer service? Now it just might.

The basics of the Discover it Miles credit card

APR for purchases. 0% intro APR for 14 months, then 11.99% to 23.99% variable

APR for balance transfers. 10.99% intro APR for 14 months, then 11.99% to 23.99% variable

Annual Fee. $0

Balance transfer fee. 3%

Late payment penalty fee. $0 penalty for the first late payment. After that, up to $37.

Why you may need the Discover it Miles credit card

Have you ever asked yourself, "Why are credit card sign-up offers so limiting in what you can earn?" If you answered yes, then this card is right for you.

Many credit card sign-up offers look all too familiar: Spend X amount of money within Y days of account opening, and get Z dollars in rewards.

But, Discover it Miles totally shakes up the rewards system by doubling your potential for maximum travel rewards benefits.

If you like to travel, want to avoid foreign transaction fees and an annual fee, but still get in on earning travel rewards, then the Discover it Miles credit card might be for you.

Who doesn't like double the rewards?

In the first year of using the Discover it Miles, you get to choose how much you'll be rewarded, and what you use your miles on.

Double your rewards with Discover Match. Unlike most other sign-up bonus offers, the Discover it Miles credit card has a new way of rewarding new card members like you.

At the end of the first year, Discover will match your earned rewards and double the miles.

Say you earned 30,000 miles after your first year of being a cardholder, Discover will match those miles earned, for a total of 60,000 miles.

At 1 cent per mile, you'll have your $300 reward doubled to $600!

Then you can take that $600 towards a travel credit or even cash back.

Flexible travel rewards that can benefit both frequent fliers and hermits alike. Although called the Discover it Miles credit card, use your rewards points for so much more than just flight miles.

Whether you're staying close to home or jet setting to the other side of the world, redeem your miles for any of the following categories: airline tickets, hotel rooms, car rentals, travel agents, online travel sites, and commuter transportation.

No annual fee and straightforward rewards program. With no annual fee and a simple rewards program, the Discover it Miles card earns cardholders 1.5 miles for every dollar spent.

Redeem miles for travel credit or cash-back. Unlike many travel cards that simply offer rewards credit towards travel purchases, the Discover it Miles card also gives cardholders the option to get cash-back for the same rate of 1 cent per mile.

Annual in-flight Wi-Fi credit just for being a cardholder. Every year Discover will give you a $30 credit to use towards in-flight Wi-Fi.

Maybe this isn't all that significant to you, but you never know when you'll need to send off that important time-sensitive email to your boss, and knowing you won't have to shell out extra cash to access Wi-Fi 30,000 feet up in the air is a great perk.

Beware of some glaring drawbacks

Looking for a huge sign-up bonus with generous cash back offers all the time for every purchase? Looking to tackle debt by transferring a balance?

Then the Discover it Miles might not be for you.

Simple and straightforward, but not an extraordinary rewards program. The doubling sign-up offer is enticing, but after your first year, the rewards rate of 1.5 miles per dollar spent isn't all that impressive.

No intro APR offer on balance transfers. With no introductory APR offer on balance transfers, don't get this card to transfer a balance in the hopes of tackling debt interest-free.

The balance transfer APR is 10.99% for the first 14 months, and the APR will be 11.99-23.99% variable after the intro APR offer is over.

Discover card dead zones. It might seem a bit odd that a travel rewards credit card could sometimes prove difficult to use overseas, so make sure to check if your travels bring you to a country where Discover isn't generally accepted, such as France or Chile, where you can't use Discover cards.

However, Discover is now more widely accepted worldwide than it used to be, so this isn't as much of an issue today.

Difficulty getting approved with fair credit. Although good credit or better will most likely get you accepted for the Discover it Miles credit card, a fair credit score with a rocky credit history might prove more difficult to receive the Discover it Miles credit card.

If possible, continue making payments on all other credit cards you might have to lower your total debt-to-income ratio.

The Question Everyone Is Asking Now

"Does it really stack up against other travel rewards credit cards?"

It's true that there are many travel rewards credit cards that have more generous ways of earning miles and points, so why choose the Discover it Miles credit card over them?

Discover it Miles offers travel credit and cash-back. Sometimes you might need a travel credit, and other times maybe you want some cash-back.

With unlimited 1.5 miles per dollar spent, the Discover it Miles card is really a hybrid credit card that gives you both travel rewards and cash-back.

A flexible redemption option. Many other credit cards will require a minimum to allow you to redeem your miles. Not Discover.

Say, if after redeeming your miles for travel credit and cash-back you find yourself left with 1 mile in travel rewards, you could redeem that 1 mile as 1 cent cash back. So no earned miles goes wasted.

Do you find it easy to redeem travel rewards?

No annual fee can go a long way. Unlike many travel rewards credit cards that have an annual fee, you could be saving anywhere from $39-$95 and beyond every year by never worrying about paying an annual fee.

If you aren't always traveling and don't need huge miles bonuses but still want to earn miles on everyday spending, then the Discover it Miles could be a great choice for you.

Alternative: Bank of America Travel Rewards credit card

With a similar offer of 1.5 points per dollar, no annual fee, and no foreign transaction fee, the Bank of America Travel Rewards credit card might be a great choice for those looking to get a more widely accepted card from Visa.

Earn an additional 10% points bonus. One of the perks of the Bank of America Travel Rewards credit card is that if you have a checking or savings account through Bank of America, they'll tack on an additional 10% to your redeemed points!

If you have 2,500 points you're looking to redeem, the customer bonus will turn it into 2,750 points just for redeeming the points into your Bank of America account.

Flexible rewards for all kinds of travel adventures. Like many travel rewards programs, you can redeem your points for credit towards things like flight tickets, hotels, and car rentals.

But the Bank of America Travel Rewards credit card goes beyond by also including things like art galleries, amusement parks, circuses, zoos, and aquariums under the "travel" category. So use your points more freely!

Smartest way to apply

If you're looking to take advantage of the great first-year offer to double your miles, then plan on doing some responsible spending on your Discover it Miles credit within 12 months of account opening.

Although other credit cards offer a generous sign-up bonus that requires you to spend within a few months of account opening, by using the Discover it Miles for everyday purchases that you already make, take the whole year to rack up miles.

Then, double them!

If this sounds like the right fit for you, then head on over here to apply.

Chase Slate

The perfect card for those looking to transfer a balance and tackle debt

You might be wary of signing up for another credit card, especially if you have debt.

But the Chase Slate might very well be a part of the solution and not the problem.

With a $0 introductory balance transfer fee, 0% introductory APR, and no annual fee, Chase Slate can help you save money and avoid accruing debt from high-interest rates.

The basics of Chase Slate

APR for purchases. 0% intro APR for 15 months, then 15.99% to 24.74% variable

APR for balance transfers. 0% intro APR for 15 months, then 15.99% to 24.74% variable

Annual Fee. $0

Balance transfer fee. $0 for first 60 days after account opening, then 5%

Late payment penalty fee. Up to $15 if the balance is less than $100; up to $27 if the balance is $100 to less than $250; up to $37 if the balance is $250 or more.

Why you may need the Chase Slate credit card

If you're looking for a huge signup bonus offer or a generous rewards program, then don't look into the Chase Slate. But, for those looking to find a $0 balance transfer with an introductory APR to help pay off debt without interest, then keep reading below.

People love Chase Slate because of its $0 intro balance transfer and 0% intro APR

The Chase Slate credit card might just be the answer to consolidating your debt without a balance transfer fee and then paying it off interest-free. Plus, there's no annual fee.

$0 intro balance transfer. For the first 60 days after account opening, there is no balance transfer fee. That's a pretty hard deal to beat, considering most cards will charge anywhere from 3-5% to transfer a balance.

Say you're planning on transferring $3,000 to a new credit card to pay off debt interest-free, at a 3-5% balance transfer fee, that would already cost you $90-$150 even before you began to pay off a single penny of your balance!

0% intro APR for 15 months. After you've taken advantage of the intro balance transfer offer, take 15 months of 0% APR to chip away at your balance. That's over a year of interest-free credit!

Although it's true that other cards such as the Citi Simplicity or Citi Diamond Preferred credit cards offer a longer intro APR period, they charge a balance transfer fee.

Balance transfer fees are often percentages, so the larger the sum of your transfer, the more you'll be charged just to move your balance.

On top of it all, no annual fee. Without an annual fee, Chase Slate might just be the credit card you were looking for to help pay off debt and help build or rebuild your credit.

Outstanding Revolving Credit Card Debt

Drawbacks: No rewards program and an average intro APR offer

The Chase Slate gets a lot of things right, so it's a little hard to fault it for any huge glaring shortcomings. But, without rewards and an average intro APR offer, there are other cards with better offers in these fields.

Yet, given all of its terms together, the Chase Slate is a pretty great card all around, especially for those with fair credit

No rewards offered. Rewards are nice, absolutely, but paying off debt and having peace of mind is most likely even nicer.

So, instead of worrying about the lack of rewards, take advantage of this card's intro APR and no balance transfer fee to consolidate debt and pay it off without interest.

Average intro 0% APR offer. If you're looking for the card with the longest intro APR offer, then Chase Slate will disappoint you. Although 15 months is a solid offer, there are cards out there with intro APR offers that last 21 months.

Those 6 months could really make the difference and allow you to pay down all of your debt without accruing any interest at all, which could end up saving you a lot of money.

The Question Everyone is Asking Now

"If I don't pay off all of my transferred balance then will I get hit with interest on the entire amount I initially transferred?"

No, you will not get hit with retroactive interest. If after the 0% intro APR period you have not paid off the balance you transferred onto your Chase Slate card, then you'll start paying an annual interest rate on the outstanding balance.

For example, say you transferred $5,000 onto your Chase Slate.

If by the end of the 15 months of 0% intro APR, you've paid off $4,000, then you'll begin to pay interest on the remaining $1,000, not on the whole $5,000 you had transferred initially.

Although it's ideal to take advantage of the intro 0% APR to not have to pay any interest, knowing you won't be hit with retroactive interest can give you a great relief and peace of mind.

Alternatives: Citi Simplicity and Discover it

With the longest intro APR offer, the Citi Simplicity can't be beaten with 0% for 21 months. If you're interested,learn more and apply here.

Paying a transfer fee gets you 0% APR for much, much longer. You'll have to weigh your situation to see what makes more sense: paying a 3% transfer fee for a longer period of 21 months of interest-free credit, or saving money by not paying a transfer fee with only have 15 months of 0% APR.

Generous 5% rewards for select, rotating categories. With rotating rewards categories each quarter, the Discover it card will give you 5% cash back on up to $1,500 dollars of purchases within the given category, plus 1% cash back on all other purchases.

Smartest way to apply

If you want the Chase Slate credit card, then learn more and apply here. To take full advantage of everything Chase Slate has to offer, make sure that you can transfer a balance within the first 60 days of account opening and that you can pay off the balance within the first 15 months.

Otherwise, with transfer fees and interest, while also no rewards, the awesome perks of tackling debt with Chase Slate will be wasted.

Chase Freedom

For those looking for a simple, no-frills rewards system

The terms and fundamentals of the Chase Freedom card are quite similar to Chase Slate card we review just above.

So why pick one over the other?

To put it simply, the Chase Slate is great to pay down existing debt, whereas the Chase Freedom can give you great rewards without an annual fee.

Like Chase Slate, Chase Freedom also has similar APR rates, so if you're looking to take advantage of your responsible credit card use, this might be a wonderful way to bring your fair credit score up into a good credit score range.

The basics of Chase Freedom

APR for purchases. 0% intro APR for 15 months, then 15.99% to 24.74% variable

APR for balance transfers. 0% intro APR for 15 months, then 15.99% to 24.74% variable

Annual Fee. $0

Balance transfer fee. 5%

Late payment penalty fee. Up to $15 if the balance is less than $100; up to $27 if the balance is $100 to less than $250; up to $37 if the balance is $250 or more.

Why you may need the Chase Freedom credit card

Are you looking for a credit card with cash-back offers? How about 5% cash back? If you're looking for a card with no annual fee, a sign-up bonus and cash-back rewards, then the Chase Freedom credit card might be for you.

People love Chase Freedom because of a $0 annual fee plus sign-up bonus and rewards on top

It's not always easy finding a card that offers a sign-up bonus and good rewards without needing to pay an annual fee. Chase Freedom meets all of those criteria, so let's dig in for more details.

Sign-up bonus, with even more bonus-rewards possible. Get a $150 bonus after spending $500 in the first 3 months of account opening.

Also, if you add an authorized user to the account within 3 months, an additional 2,500 points will be added to your account, which you can redeem for $25.

With all that cash-back, your purchases of $500 could only cost you $325 after redeeming your cash-back bonuses.

Earn 5% cash back on rotating categories. Earn 5% cash-back on combined purchases up to $1,500 on rotating bonus categories every quarter that you activate. All purchases that fall outside of the bonus categories will earn you 1% cash back.

The rewards categories change every three months and include things like purchases made at gas stations, restaurants, and wholesale clubs.

Future of Cash and Carry and Wholesale Clubs

Offers a solid 0% intro APR offer. If you're looking to pay down debt without interest, Chase Freedom offers 15 months of 0% APR.

Drawbacks: Poor customer service and its balance transfer fee

Poor customer service could make it difficult for Chase to earn your trust. Many have reviewed the customer service to be lacking when disputing a charge or wanting a review to lower their APR.

Balance transfer fee could put a big dent in your bank account. If you're looking to transfer a balance to your new Chase Freedom credit card, then keep in mind that there is a 5% balance transfer fee.

It's true that there is 0% intro APR for 15 months once the balance itself is on your card, but it'll cost you 5% of the total amount of the initial one-time transfer.

So, say you have a balance of $5,000 on a different credit card that you're looking to transfer onto the Chase Freedom credit card. With a 5% transfer fee, it'll cost you $250 just to transfer your balance!

However, with an intro APR of 0% for 15 months, if the interest rate on the credit card you're transferring from is adding up to be much more than 5%, then maybe it's worth taking the 5% cost in order to pay it down without interest for 15 months.

The Question Everyone is Asking Now

"What is the Chase Freedom credit score requirement?"

With no annual fee, a sign-up bonus and good cash-back rewards, is it possible for you toget approved for the Chase Freedom with fair credit?

As Jonelle Geathers writes on wallethub.com, "I just applied for this card today and got approved with what WalletHub calls "Fair" credit (680) so I don't think it's always black and white…Just be responsible with your usage and keep utilization low and you could get approved like I did!"

Your credit score isn't absolutely everything.

As Jonelle points out, improving your chances of acceptance require responsible credit usage and maintaining a good credit utilization ratio.

Paying back your monthly statements and maintaining a credit balance of around 30% of your total credit line will improve your credit score and credit history.

Alternative: Discover it Cashback Match

The Discover is Cashback Match credit card offers a similar rewards program as Chase Freedom, with both cards having an annual fee of $0. Both cards can earn you 5% on up to $1,500 on quarterly bonus categories that you activate every quarter.

Discover it Cashback Match beats out Chase Freedom with a 3% balance transfer fee (Chase Freedom charges 5%) and by automatically matching all of your cash-back rewards at the end of your first year of using the card.

There's also no sign-up bonus with the Discover it Cashback Match. If you're interested,check it out and apply here.

Smartest way to apply

As David Weliver writes for moneyunder30.com, "Overall, Chase Freedom is a solid cash-back rewards card that should appeal to most people who pay off their balance in full each month."

So if you plan to pay off your balance in full every month and take advantage of the 5% bonus cash back categories, this may be the card for you.

If this sounds like the right credit card for you,apply here.

Capital One Spark Classic for Business

For the budding entrepreneur with trustworthy employees

It's no easy task to start or fund your own business.

It's also hard to face the fact that you need to spend money to make money – even the best and incredibly lucrative ideas out there needed borrowed funds to grow.

That's where the Capital One Spark Classic credit card for business comes in.

Let's take a look at the basics first, then dig into the details to see if this card can fuel your business.

The basics of Capital One Spark Classic for Business

APR for purchases. 23.99%

APR for balance transfers. 23.99%

Annual Fee. $0

Balance transfer fee. $0

Late payment penalty fee. Up to $39

Why you may need the Capital One Spark Classic for Business credit card

Are you looking for a credit card to fund your business without an annual fee and a rewards program?

Are you worried that your average credit will make it hard to qualify for a business credit card?

If you answered yes to both questions, then you may need the Capital One Spark Classic for Business credit card.

The Capital One Spark Classic for Business is a solid business credit card for those with average credit.

The card doesn't have an annual fee, rewards you with 1% cash-back on all purchases, and doesn't charge foreign transaction fees.

And if you ever need to make a trip abroad for your business, the card has no transaction fees, which could really pad your wallet while you stay that extra night at the hotel.

People love the Capital One Spark Classic for Business because it makes it easy to build credit while monitoring expenses

The Capital One Spark Classic is an accessible business credit card for those with fair credit.

Using the card responsibly by paying back your monthly statements on time will help you build and strengthen credit for your business.

Responsible use can make you eligible for an automatic credit line increase. Having a higher credit limit doesn't mean you have to use it all, but it's a nice cushion to have nonetheless.

If you can keep your credit utilization relatively low (around 30%) that will help to build up good credit. This becomes much easier to do with a higher credit limit.

Monitor your expenses to budget better and know where your money is going. Get custom, itemized, quarterly (every three months) and year-end reports that keep track of your spending.

U.S. Adults Daily Discretionary Spending 2016

Not only will this help you budget to determine what costs are necessary (and which ones aren't), but it'll also help simplify the dreaded accounting and taxes.

These purchase records can even be easily downloaded into multiple formats like QuickBooks and Excel to make accounting that much easier.

Experienced customer service to address your business-specific needs. Good customer service can go a long way. But customer service specifically meant to work with and for business owners might seal the deal for you.

With access over phone, online, and even mobile application from your mobile device, get the help and answers you need to get your business moving forward.

Free employee cards. If your business continues to grow, give your employees cards at no additional cost. No longer will you have to deal with reimbursement forms. On top of that, earn the rewards that come from their purchases.

But just remember to stay on top of everyone's credit card statements because you'll ultimately be personally liable for all of your employees' purchases.

Drawbacks: Relatively high APR and low initial credit limit

As with most other cards for those with average credit, both a somewhat high APR and low credit limit isn't all that surprising. Nonetheless, both of these factors could potentially have a significant impact on your business and finances.

APR can make or break your piggy bank. The best way to avoid paying interest is to not keep a balance in the first place.

Although an APR of 23.99% might not sound so high compared to the high rates we're seeing for personal credit cards for those with fair credit, remember that it's very likely that your business credit card bills will be much higher than your personal ones.

But, if you build your credit score up to within the good or even excellent range and show credit card issuers that your credit history reflects responsible spending, you'll be able to secure a more desirable APR.

Some of the top business credit cards that Capital One offers will have you looking at APR percentages around 17.99% – something to work towards from 23.99%.

No new cardmember offer. There are no intro APR offers or sign-up bonuses with the Capital One Spark Classic.

Now, if you have fair credit and are beginning to use a business credit card, the most important thing to focus on is responsible spending and paying back your monthly statements on time.

In other words, don't worry about rewards because even the best ones will pale in comparison to the potential debt that could pile up if you don't stay on top of your spending.

The Question Everyone is Asking Now

"What is the initial credit limit on this card?"

The credit limit can make all the difference when it comes to how you use your business credit card.

With a relatively low credit limit, it'll be much harder to make some of the big purchases you might need to get your business off the ground – like equipment, making space improvements, or the transportation needed for people or goods.

If approved, Capital One offers a minimum initial credit limit of $500. Your initial credit limit could be much higher depending on many factors like credit score and credit history.

But, because this card is meant to approve those with fair credit, don't expect a huge credit limit right off the bat. The most important thing is to show both yourself and the credit card company that you can responsibly spend and repay borrowed money.

Alternative: Primor Secured Visa Gold Card

primor® Secured Visa® Gold Card
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primor® Secured Visa® Gold Card
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On Green Dot Bank's secure website
  • Credit lines available from $200 to $5,000! Super Low Fixed 9.99% interest rate on purchases - with no penalty rate!
  • No minimum credit score requirements! We invite all credit types to apply! No processing or application fees!
  • Helps strengthen your credit with responsible card use. Reports to three national bureaus
  • Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line.
  • Credit lines available from $200 to $5,000! Super Low Fixed 9.99% interest rate on purchases - with no penalty rate!
  • No minimum credit score requirements! We invite all credit types to apply! No processing or application fees!
  • Helps strengthen your credit with responsible card use. Reports to three national bureaus
  • Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line.
  • Intro APR
    N/A
  • Regular APR
    9.99% (Fixed)
  • Annual fee
    $49
  • Credit level
    Limited/No Credit or Higher

The biggest selling point that has to be mentioned for the primor Secured Visa Gold Card is its fixed APR of 9.99%.

In a perfect world, none of us would carry a balance on our card and never even think about APR or paying interest.

But, since that's not going to happen anytime soon, knowing what we might get hit with for interest is very important.

Although you don't want to, you may at one point or another carry a balance on your card. Having a low APR could save you lots of money that you would otherwise lose to pay off interest. On top of that, there are no processing or application fees.

The primor Secured Visa Gold Card requires a minimum credit score within the poor range so many people with a subpar credit history will still be approved. Get a secured credit card from $200-$5,000.

But remember, as a secured credit card, you'll have to deposit money with the card issuer before you can get the card.

The card will also report your credit activity to all three major credit bureaus, which can allow you to build the credit history you're looking for.

If this sounds like a good way for you to build your business credit and work towards even better business credit cards, then go here to apply for your primor Secured Visa Gold Card.

Smartest way to apply

Even though the Capital One Spark Classic is a business card, Capital One will evaluate both you and your business during the application process.

Having fair credit or a less-than-perfect credit history shouldn't stop you from growing your business.

Capital One defines a person having average credit as someone who has defaulted on a loan in the past five years or has limited credit history.

If you've got fair credit, a business to grow, and want a reliable card to do it with, then the Capital One Spark Classic for Business is one of the best options out there.

Capital One QuicksilverOne Cash Rewards

For the straight shooter looking for steady rewards

The Capital One QuicksilverOne Cash Rewards credit card is a great choice if you have average credit and are looking for a straightforward cash-back rewards program.

But if you're looking to make a balance transfer to pay down debt, look elsewhere.

With an annual fee and a below-average intro APR offer, when it comes to balance transfers there are much better options out there than the Capital One QuicksilverOne Cash Rewards credit card.

The basics of Capital One QuicksilverOne Cash Rewards

APR for purchases. 0% intro APR for 9 months, then 24.99% variable

APR for balance transfers. 0% intro APR for 9 months, then 24.99% variable

Annual Fee. $39

Balance transfer fee. $0

Late payment penalty fee. Up to $35

Why you may need the Capital One Quicksilver One Cash Rewards credit card

Are you tired of remembering which credit card you need to pull out of your wallet depending on what kind of purchase you're making?

If you answered yes and you're looking to get a solid cash-back rate for everyday spending, then the Capital One QuicksilverOne Cash Rewards credit card might be just the right card for you.

People love Capital One QuicksilverOne Cash Rewards because it's easy to qualify with limited credit and still earn cash-back rewards

If you were looking for a credit card to help you build/rebuild credit, earn cash-back rewards, and get access to a higher credit limit with responsible credit card use, then the Capital One QuicksilverOne Cash Rewards card is what you're looking for.

Earn unlimited 1.5% cash back. No matter what you buy, where you spend, or when you use your card, Capital One QuicksilverOne Cash Rewards will give you unlimited 1.5% cash back.

There are no rotating categories or sign-up minimum purchase requirements; just start earning cash-back immediately after opening your account.

Cash back rewards won't expire. As long as your account stays active, the cash-back rewards won't expire. So, no need to worry about losing any rewards you've earned.

Get access to a higher credit line. If you make your first 5 monthly payments in full and on time, then you'll be rewarded with access to a higher credit line.

How People Apply for a Credit Line Increase?

Getting a credit line increase can often prove to be quite difficult even if you're a responsible cardholder, so knowing you'll get a credit increase after just 5 months of timely payments made is a wonderful perk.

Drawbacks: The annual fee and lack of intro APR offer

With an annual fee and below-average intro APR offer, the Capital One QuicksilverOne Cash Rewards card isn't for you if you're looking to make a balance transfer onto your new card.

Annual fee that eats into your rewards. The fact that the Capital One QuicksilverOne Cash Rewards card offers cash-back at all is a good thing. But, the annual fee of $39 has to be taken into consideration too.

Even with a 1.5% cash back rate, you'll have to spend and repay at least $2,600 before you make back the annual fee. But if you plan on spending a lot more than that throughout the year, then the annual fee will be worth paying.

Don't carry a balance with the high APR. Carrying a balance on your card is that last thing you want to do, regardless of what the APR is. But, carrying a balance on your card that has a high APR is even worse.

The Capital One QuicksilverOne Cash Rewards falls under one of those cards you don't want to carry a balance on.

A relatively high APR is to be expected with cards aimed for those with fair credit, but a 24.99% APR is high even for a fair-credit credit card.

On top of that, the Capital One QuicksilverOne Cash Rewards doesn't offer any intro APR, so this would be the wrong card to transfer a balance onto.

The Question Everyone is Asking Now

"Is a previous credit rating needed to apply?"

Even with poor to fair credit, there's a good chance you'll be approved for the Capital One QuicksilverOne Cash Rewards card.

This card is meant to help and support those with limited credit, and there's a chance you can get approved with little to no credit history.

But, because there are many factors that credit card issuers consider when looking over applications, it's hard to say for sure whether you definitely will or will not get approved.

Like many other cards meant for those with fair credit, the annual fee and high-interest rate could make this card a little less appealing.

But if you can responsibly pay back your monthly statements and take advantage of the cash-back rewards, this might be a great card to get with a limited credit history.

Alternative: Capital One Secured MasterCard

Maybe the cash-back rewards of the Capital One QuicksilverOne card is enticing, but you're not sure that you'll be able to make every monthly payment on time. And on top of that, the annual fee is something you'd like to avoid.

A great alternative to consider comes from the same company with the same reliable customer service.

The only difference is one is its secured instead.

Once approved after applying for the Capital One Secured MasterCard, Capital One will determine how much your refundable security deposit will be ($49, $99, or $200).

Making the minimum security deposit will then give you access to an initial credit line of $200.

Plus, making your first five monthly payments will give you access to a higher line of credit without having to make any additional deposits.

The Capital One Secured MasterCard might be the perfect way to start responsibly building good credit without the risk that comes with borrowing money from an unsecured credit card.

If you're interested,learn more and apply here.

Smartest way to apply

The Capital One QuicksilverOne Cash Rewards is best used if you want 1.5% cash-back on all purchases year round. That's a solid and straightforward cash-back rewards program.

But with a relatively high APR, it's best for those who will pay back their balance in full every month. At 24.99% APR, any rewards you may earn could easily be eaten up by the high-interest rate.

With an annual fee, how does the Capital One QuicksilverOne Cash Rewards credit card stack up compared to other solid cash back cards?

If you spend more than $7,800 a year at a cash-back rate of 1.5%, which will yield $117 in cash-back, then you'll be earning more rewards than a card with no annual fee with a 1% cash-back rate. How is that?

By spending $7,800 with a 1% cash-back rate, you'd earn $78 at the end of the year. With the Capital One QuicksilverOne Cash Rewards, the $117 cash back minus $39 will give you $79 in cash-back rewards.

So, if you can find a card that you like better without an annual that gives you more than 1% in cash-back, go with that card.

But, if you're looking for a reliable credit card issuer with straightforward rewards, the Capital One QuicksilverOne Cash Rewards could be a great choice for you.

If that sounds like an exciting deal to you, go ahead and apply here.

First Progress Platinum Select MasterCard Secured

For the slow and steady credit builder

The very first thing to notice about this credit card is that, unlike the other ones we've reviewed so far, this is a secured credit card.

Secured Credit Card Account Status Distribution (2016)

All the other ones so far have been unsecured credit cards. Secured simply means that you are securing your line of credit by depositing money upfront. That deposited fund is what typically will equal the line of credit you're approved for.

Now that you know what a secured credit card is, let's find out if First Progress Platinum Select MasterCard Secured Credit Card is the right secured one for you.

The basics of First Progress Platinum Select MasterCard

APR for purchases. 13.99% variable

APR for balance transfers. N/A

Annual Fee. $39

Balance transfer fee. N/A

Late payment penalty fee. Up to $38

Why you may need the First Progress Platinum Select MasterCard credit card

The First Progress Platinum Select MasterCard Secured Credit Card does not require a credit history or minimum credit score to be approved.

This card might be a good option for you if you are looking to build credit while having your credit usage reported monthly to all 3 major credit bureaus to establish a credit history.

People love the First Progress Platinum Select MasterCard because it is straightforward to use

With no minimum credit score or credit history required, getting approved for this card is nearly automatic.

Easily secure your credit line with a deposit. Fund your credit card with a fully refundable deposit of $200-$2,000. As long as you pay off your balance you can receive your deposit back at any time.

It offers a grace period like most unsecured credit cards. With a grace period of 25 days, you can avoid paying interest on your purchases as long as you pay your entire balance by the due date each month.

Drawbacks: High-security deposit minimum and annual fee

The First Progress Platinum Select MasterCard isn't the easiest card to gain access to.

Fairly high-security deposit minimum. The security deposit minimum for the First Progress Platinum Select MasterCard is $200. That means that without a minimum $200 deposit you won't be able to use or access your card.

That minimum deposit could make it difficult for some that don't have enough cash upfront to start using the card and building credit history.

It has an annual fee. Without rewards to earn it back, the $39 annual fee can seem a little hard to justify.

However, if you see it as the cost of admission in order to start building credit and show credit bureaus that you can responsibly use credit, the $39 doesn't seem like too much money if it's to build a better financial future.

But with that said, understandably, an annual fee is still nothing to get excited about.

The Question Everyone is Asking Now

"What is expedited processing?"

If you'd like to get your card delivered faster to you, First Progress offers an expedited processing service for $19.95. That can speed up the application process by 7 days, which will mean you'll get your card that much faster.

To get expedited processing, you'll have to fund the security deposit on your new card with a debit or prepaid card.

Where Do Americans Use Debit Cards?

Alternative: First Progress Platinum Elite MasterCard Secured credit card

With a very similar set of terms, the First Progress Platinum Elite MasterCard Secured card comes has a cheaper annual fee of $29.

Cheaper annual fee, higher APR. A $29 annual fee is a savings of $10 a year compared to the annual fee of the First Progress Platinum Select MasterCard Secured credit card.

However, keep in mind that with the cheaper annual fee comes a higher APR of 19.99%.

If you are going to pay your monthly statements in full every month, then maybe the First Progress Platinum Elite MasterCard Secured credit card is the way to go.

Learn more and apply here.

Smartest way to apply

If you've had credit issues in the past and are looking to rebuild your credit score and history, this card might be a great option.

Also, if you're just starting out building your credit, this secured credit card might be worth a look. If building or rebuilding your credit with a MasterCard sounds like something you'd like to do, then applyhere.

Capital One Platinum Credit Card

For those who don't want to drain their savings on a secured credit card

The Capital One Platinum credit card is a good option for you if you have fair or average credit.

If you've been using a secured credit card and have been able to responsibly use your credit to build a little bit of a credit history, this card might be a great option to graduate to.

But with a fairly high APR, be ready to responsibly pay your outstanding balances in full each month.

The basics of Capital One Platinum

APR for purchases. 24.99% variable

APR for balance transfers. 24.99% variable

Annual Fee. $0

Balance transfer fee. $0

Late payment penalty fee. Up to $35

Why you may need the Capital One Platinum credit card

If you're looking for a card without an annual fee that requires little credit history for approval, then the Capital One Platinum might be the card for you. If approved, you'll be given a minimum credit line of $300 to start.

Also, with a chance to earn a higher credit limit, that may give you the freedom to do a little more responsible spending.

People love Capital One Platinum because of the access to a higher credit line after 5 monthly payments on time

If you've ever been frustrated that your bank or credit card issuer won't consider raising your credit limit even after you've shown responsible use, then we understand!

Access a higher credit line after just 5 months. If you're a Capital One Platinum credit cardholders you can enjoy a credit line increase in just 5 months after opening the account as long as you make 5 monthly payments on time.

Although it's not guaranteed, this feature of an increase in credit line is built into the card. A higher credit line, if not used, can lower your credit utilization and gradually improve your credit score.

Fraud coverage. If your card is lost or stolen, Capital One will have your back. You won't be held responsible to pay back any fraudulent purchases made on your card.

Drawbacks: No rewards or intro APR offers

If you're looking to get generous cash-back rewards or pay down debt with no interest, then move onto the next credit card review below.

No sign-up bonus or cash-back rewards. Although it's true that there's no annual fee (which is great), that also means the Capital One Platinum credit card comes without any sign-up bonuses or cash-back rewards.

No intro APR offers. There's no balance transfer fee on the Capital One Platinum credit card. But, without an intro APR offer on purchases or balance transfer, this card would be the wrong one to choose if you're looking to pay down debt or make purchases without worrying about interest.

With a relatively high APR of 24.99%, it makes it very difficult to use this card for transfer balances and paying down debt with little to no interest.

Moving a balance onto this card and paying down debt will almost certainly be counterproductive.

The only exception would be if the current credit card that you have a balance on happens to have an even higher APR.

The Question Everyone is Asking Now

"What does my credit score need to be to get approved?"

If you've been improving your credit score or are making the transition from a secured credit card, it's not always easy to tell where you stand with your credit score or credit history.

With the Capital One Platinum credit card, fair credit will give you a good chance to continue building your credit.

"That means that you don't have to have the best credit in order to be approved. With less than perfect credit, it can be quite difficult to get the approval that you are looking for in a card. With this card, however, you have a better chance of getting approved."

To find out the benefits of having a Capital One Platinum card and how Capital Once ranks up against other major banks, take a look at Jeff Gitlen's post.

Alternative: Discover it Chrome Gas & Restaurant Card

If you spend responsibly and have begun to make more purchases at gas stations and restaurants, then the Discover it Chrome credit card might be a good alternative.

U.S. Domestic Demand for Gasoline

With no annual fee and 2% cash-back on gas and restaurant purchases on up to a combined $1,000 every quarter, the Discover it Chrome has many similarities to the Capital One Platinum card but with rewards.

Cash-back rewards and match rewards after the first year. You can earn 2% cash-back on gas and restaurant purchases on up to a combined $1,000 every quarter and 1% on all other purchases. At the end of the first year, Discover will match the rewards you've earned.

Fairly high APR. If you get approved for the Discover it Chrome but don't have good a credit score, there's a good chance your APR will be on the higher end of the 11.74-23.74% range. But an intro 0% APR is offered for the first 14 months after account opening.

Learn more and apply here.

Smartest way to apply

If you're looking for a low APR and rewards credit card, then pick something other than the Capital One Platinum credit card.

But if you're making the transition from a secured credit card and looking to move up to a credit card with added security benefits like fraud protection and 24/7 customer support, then the Capital One Platinum credit card could be a great option.

To apply, clickhere.

Milestone Gold MasterCard

For the toe-dipper who wants to pre-qualify without further hurting their credit

The Milestone Gold MasterCard is aimed to help those with poor credit.

Even with a previous bankruptcy on your credit history, there's a chance for you to get approved for the Milestone Gold MasterCard.

It's also possible to get pre-qualified before applying, which won't impact your credit score.

However, with the aim to help those with poor credit or those rebuilding after a hard financial fall, the card will expectedly not offer any sign-up bonuses or rewards.

So, if you're after rewards, then look for a different card review above.

The basics of Milestone Gold MasterCard

APR for purchases. 23.90% variable

APR for balance transfers. N/A

Annual Fee. $35, $59, or $75 ($99 2nd year on), annual fee depends on creditworthiness

Balance transfer fee. $0

Late payment penalty fee. Up to $35

Why you may need the Milestone Gold MasterCard credit card

Subprime credit cards are meant to help get you back on the right track to a healthier financial future.

If you're comparing subprime credit cards (aimed to help those with substandard credit scores or limited credit scores), it's common to find high-interest rates, fees, and a lower credit limit.

So with that in mind, the Milestone Gold MasterCard is one of the better options out there.

If you're in the market for a card that can help you rebuild credit and re-establish your credit history over a year or two, then let's look into the Milestone Gold MasterCard below.

People love the Milestone Gold MasterCard because you can pre-qualify before applying

You can get a better picture of whether you'll be approved with a pre-qualification.

Pre-qualify for a good estimate. Pre-qualification doesn't guarantee approval, but having a better picture of whether you'll qualify or not can potentially greatly put your mind at ease. On top of that, pre-qualification won't hurt your credit score.

So, rather than applying right away, if you're unsure whether you'll be approved or not it's best to see if you pre-qualify.

Solid minimum credit line. If approved, you'll receive a minimum $300 credit limit. The credit limit is based on your creditworthiness, income, debt, and other qualifying factors.

Drawback: Annual fee that automatically kicks in

The annual fee eating into your credit limit isn't ideal, but it all depends on how badly you could use the buying power.

Annual fee automatically kicks in. If you begin with a $300 credit limit, that could potentially become as little as $225 after the annual fee of $35-$75 is taken into account. The best thing to do is pay off the fee before making any purchases on the credit card.

But, to get a sense of what the interest rates will cost you, let's use the $300 initial credit limit as an example.

If you look at Milestone's regular APR of 23.90% and use that as a reference, that would mean paying down a $300 balance over a year would accrue a little over $40 in interest.

The decision to get the card or not could simply come down to how much you could use the $225-$265 buying power and how quickly you can repay your balance in order to avoid paying any interest.

The Question Everyone is Asking Now

"Are there any monthly fees?"

There are unsecured credit cards out there that will charge processing fees or new monthly fees, even when your annual fee is lowered.

These kinds of charges can sometimes be hard to detect ahead of time, and overall, make for an unpleasant experience when you're trying to re-establish your credit history.

No additional surprise monthly fees. The Milestone Gold MasterCard has an annual fee, and that's it. Of course, if you don't pay back your monthly balances in full, interest will be charged.

But, unlike some new monthly fees that could come up with some other cards, paying interest is made clear and agreed upon prior to account opening.

Alternative: Indigo Platinum MasterCard

Indigo Platinum boasts a 60-second decision on your pre-qualification application.

You can easily see if you pre-qualify for the Indigo Platinum MasterCard, which won't impact your credit and lets you get a good picture of where you stand if you were to apply.

Even with prior bankruptcy, you may qualify!

U.S. Personal Bankruptcy Rate (2017)

If approved for the Indigo Platinum MasterCard and you have fair credit with a relatively good credit history, there's a chance you could pay $0 in annual fees for this card.

Some of the downsides of the Indigo Platinum MasterCard are similar to the Milestone Gold MasterCard: relatively high-interest rate, low credit line, and most likely an annual fee.

Learn moreand apply here.

Smartest way to apply

Although the rates and fees are admittedly not all that desirable, rebuilding credit generally comes with tighter restrictions.

But that doesn't mean someone with a less-than-excellent credit score can't build credit back up!

Let's keep in mind that credit card issuers are less likely to trust those with poor credit. So, for example, the high APR attached to the Milestone Gold MasterCard is to encourage you to pay your monthly statements in full each billing cycle.

So, if you're ready to responsibly use your credit, then this might be the right time to apply for your Milestone Gold MasterCard here.

Indigo Unsecured MasterCard

For the person trying to rebound from bankruptcy

If you've had difficulties getting approved for other credit cards, the Indigo unsecured MasterCard might be a good start for an unsecured card.

Accepting applicants with a wide range of credit scores that are less-than-perfect, or even those with previous bankruptcy, the Indigo Unsecured MasterCard offers a reasonable APR that could put you on the right track to rebuilding the credit you deserve.

The basics of First Premier Bank Classic Credit Card

APR for purchases. 23.9%

APR for balance transfers. N/A

Annual Fee. $0 to $99

Monthly Fee. $0

Balance transfer fee.

Late payment penalty fee. 29.9% may be applied after a late payment, and up to $38

Why you may need the Indigo Unsecured MasterCard credit card

If you have fair, poor, or limited credit (even if that means having gone through a bankruptcy) and are looking to improve and rebuild your credit, then the Indigo Unsecured MasterCard might be the card to help you do just that.

Let's take a look below at the good, and not so good, aspects of the Indigo Unsecured MasterCard.

People love the Indigo Unsecured MasterCard because you can pre-qualify without impacting your credit score

If you're trying to improve your credit score, the last thing you'd want to do is negatively impact it by applying and being denied for a credit card that you are getting in order to improve your score. That would be so counterproductive!

Get pre-qualified. You can request to be pre-qualified before applying for the card. It's an easy process that should only take a few minutes online. This will allow for the bank to let you know whether they think you meet the necessary criteria to be accepted.

Just keep in mind that getting pre-qualified doesn't necessarily guarantee being approved, but being pre-qualified will give you the confidence you need to apply.

However, if you aren't pre-qualified, it won't potentially negatively impact your credit score history like being denied outright on your application would.

Report to all three major credit bureaus. You want to show the three major credit bureaus that you can responsibly spend and repay using your credit card. As long as you continue to make your monthly payments, having the credit bureaus receive reports of this is good news for you.

Continuing to make monthly payments on time to pay off your balance will demonstrate the kind of financial responsibility that credit card issuers will look for on your credit history and report. This will give you access to better mortgage terms, loans, and cards down the line.

Drawback: Low credit limit

It's hard to find a credit card issuer that's willing to offer a huge credit limit to those that are rebuilding credit, so a low credit limit is to be expected.

Low credit limit means limited use. Although it's to be expected, a low credit limit of around $300 on your Indigo Unsecured MasterCard can be hard to use and certainly not very useful if you're trying to make a big purchase.

The best way to see this opportunity of a credit line would be to understand that this card is primarily meant to help you rebuild credit and not finance big purchases.

Use the credit line offered to show credit bureaus that you can responsibly spend and repay your monthly statements, regardless of how much the credit limit is.

The Question Everyone is Asking Now

"Is the poor customer service worth the hassle of getting this card?"

When trying to rebuild credit, the last thing you want to do is deal with poor customer service you can't rely on.

For example, if you've made a payment but it doesn't clear in time, there is a chance that could result in an unwanted or even unfair late fee.

Without the proper customer support to help you, problems like these could become a huge headache to deal with moving forward.

Customer-Friendliness of Certain Banking Services (2016)

As long as you responsibly pay off your monthly statements, issues like unfair late payments posted on reviews on creditcardinsider.com shouldn't be an issue.

Alternative: Ally CashBack credit card

If your credit score and credit history is in fairly good standing and you think that you can apply for something that will give back a little more than the Indigo Unsecured MasterCard, then check out the Ally CashBack credit card.

The Ally CashBack credit card has been compared to other cards like Chase Freedom, which was reviewed above in this guide — so we're looking within the same general range of rewards cards meant for those with fair credit that is a step above the non-rewards unsecured credit cards meant for those with fair credit.

The Ally CashBack credit card offers 2% cash back on gas and groceries, which are purchases you would most likely be making anyway.

All other purchases earn you 1%.

Although not the best rewards program, being able to show responsible use of a credit card while earning some rewards along the way is always nice.

It also has a signup bonus of $100 when you spend and repay $500 in eligible purchases within the first 3 months of account opening.

With no annual fee, the Ally CashBack credit card has a fairly standard APR at 13.24%, 18.24%, or 23.24%.

If you're interested,learn more and apply here.

Smartest way to apply

If you're looking to show credit bureaus that you are responsible with credit and can be trusted with an unsecured card, then the Indigo Unsecured MasterCard may be a great way to rebuild credit and move up to more desirable cards with better terms.

You'll most likely end up paying an annual fee, but avoiding all of the other costs that are common for cards designed to help rebuild your credit can keep your expenses relatively low.

If this sounds like a good strategy to fit your needs, then click here to apply.

Conclusion

Poor or fair credit can feel like a weight that you just can't free yourself from.

But with a bit of organizing and research (that you just did), finding a credit card to help dig yourself out of a credit pit is an application away.

There's plenty to consider based on your needs as well - perhaps you're better suited to a card that will give you perks for gas, or benefits for staying often at a particular hotel chain.

Have you successfully improved your credit score with a credit card?

How was the process for you overall?

Any suggestions or pitfalls to share with the rest of us?

Let us know in the comments below.


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