If you opened up your credit card between the last three years or you have made some financial mistakes, the chances are that you have a fair credit. That, however, doesn’t mean you can’t get a good deal on other credit cards.
Other credit cards are willing to offer you a good deal even with your good credit. Below we have listed some good credit card you can check out. Apart from giving you good deals depending on your needs and lifestyle, they can also help fix your credit score after some time. You only have to get the hang of it by paying your debts on time and avoiding maxing your card. By doing so, you can improve your credit score fast.
Best Card for Business: Capital One Spark Classic for Business
If you happen to be a business person with fair credit, this is the credit card for you. The best thing about business credit cards is that all your spending on this card gets a 1% cash back reward. You can also add an employee card with no additional cost. This card company is willing to help you even if you have a fair credit. After some time of using this card, your credit score improves. You can then choose to upgrade this card to a more lucrative card from the same organization. The choices include the Capital One® Spark® Miles for Business or the Capital One® Spark® Cash for Business. Getting the upgrade comes with benefits such as doubling the rewards you already had on the first capital one card.
The Best Card for Students: Discover it for Students
For students, credit score is not always so high. Many students have a fair credit. If you fall in this category, Discover it® for Students is your best choice. These cards come with benefits aimed at helping students. For example, as soon as you activate this card you can get a 5% cash back on up to $1500 on your first purchases. The purchase made on restaurants, home improvements, gas and much more can get this bonuses. Another important benefit of this card is that if you are a new member, all the cash back you get for the first year is doubled. You earn about 2% rewards on all your spending. Other benefits include. With a GPA of 3.0 or higher, you get 20% cash back for that year. They help track your spending to improve your credit score for free.
Best Card for Balance Transfers: Chase Slate®
For people dealing with major credit card debts, this card is the best choice for you. This card is ideal as it gives you a 0% APR on all purchases and balance transfers within the first 15 billing cycles. This card also helps you because the bank usually waivers the 3% balance transfer fee on every balance you transfer in the first 60 days after you open an account. So you can move your money to this card and save more money if you have been paying interest on credit card debts. Some notable benefits of this card include, not paying any balance transfer fees if you make the balance transfers within the first 60 days.Secondly, the 0% introductory APR that comes in handy for the purchases and balance transfers you make first and also give you access to your FICO so you can know where you are regarding credit score.
Best Card for Cash Back: Chase Freedom®
People with a credit score of about 600 and above, you can go for this card. It comes with benefits of about 5% cashback for your purchases on up to $1500. Other benefits can also be included for example bonuses on gas stations and commuter transport. This card is good to have as it can help you improve your credit score over time. You can combine it with your other cards to add more credit value to it as you use it.
The Bottom Line
Even if you have a fair or average credit, you can still find good cards that suit your specific needs. These are just but a few of those cards that come in handy. The key is to know your specific needs and to look around while comparing and contrasting different cards until you find the one for you. So if you are trying to find a good credit card with fair credit, then you should know it is possible to find it. Try one of the above.