Cards For Fair Credit | CreditShout

Cards For Fair Credit

What Credit Bureau Does Capital One Use


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If your credit isn’t exactly good, but it isn’t terrible either, you have what is known as “fair” credit.

The bad news about fair credit is that it can make it much more expensive and/or difficult to get approved for credit cards and loans that you need.

The good news is that while fair credit isn’t excellent, at least it’s not bad credit!

You can still work your way out of the “fair credit” designation and get into the good credit category where the better deals start to appear.

But first, you’ll need to build or rebuild your credit and fix what has been damaged in your financial past.

Let’s take a look at what fair credit is, how it can affect you and how you can improve your credit score.

The Fair credit designation is one that’s not quite as well-defined as Excellent, Good and Bad credit.

To begin with, fair credit is also known as “average” or “OK” credit in some sources.

Also, the range that fair credit covers varies from one source of information to another.

Thus, a FICO score can be considered “fair credit” if it falls between 620 and 679, or 580 and 660, or 630 and 679 — you get the idea.

This is an area where your credit is not obviously bad, but it’s not obviously good either. It’s just average and fairly normal.

You have to dig your credit score out of a hole, but it’s not too deep.

Getting your credit score up above average is your next goal, and choosing the right credit card for fair credit can help you achieve that goal.

Cards for fair credit: What to expect

excellent credit

Since fair credit straddles the line between bad and good credit, the kinds of cards you can get in this designation vary.

Some may look more like cards for bad credit: They might be prepaid cards, or secured cards that require you to pay a deposit to secure the card and set a low credit limit.

Other cards for fair credit are unsecured, normal credit cards.

They will often have a higher APR or annual fee, however, because the creditor is taking more of a risk by offering the card to a customer with fair credit.

Ways to improve a fair credit score

credit score

Once you have applied for a credit card and have been approved, you can begin the process of rebuilding your credit from fair to good to (hopefully) excellent.

This is a process that takes time by necessity.

As you continue to make payments on time and use your credit card responsibly over the next several months and years, your credit score will gradually rise.

Some things to keep in mind as you rebuild your credit using cards for fair credit:

  • Setting up your monthly payments with Autopay is the best way to stay on time with those monthly minimums.
  • As you pay down your other credit accounts, such as credit cards and store cards, keep them open even if you don’t plan to use them ever again. They all go toward your overall credit limit, and can improve your credit to debt ratio — which in turn raises your credit score.
  • Bear in mind that a credit check is run on you every time you apply for a new card, and those credit checks can make your credit score take a (temporary) turn for the worse. Be picky about which cards you apply for. CreditShout shows you all the cards for fair credit that our partners offer, so you can compare features and make a smart choice.

  • Fair credit can affect your life in many ways, from the interest you pay on credit cards and loans to your ability to establish utility services for a new home without having to pay a security deposit. 

    Apply for a credit card for fair credit today and start rebuilding your credit score for a better financial life!

    The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone. Additionally, the opinions of the commenters are not necessarily the opinions of this site

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