Best Credit Cards for Fair Credit

Here are the best credit cards for average credit.

Even if your credit score is below 700, you can still take advantage of credit cards for average credit that offer rewards and the opportunity to raise your credit score. If approved, though, expect a lower credit limit and the possibility of an annual fee. One of the best perks of credit cards for fair credit is that you can choose a card that will enable you to monitor your credit score through a variety of provided tools, and some come with favorable terms and APRs. When used responsibly, a credit card can be an excellent tool for helping you grow your credit score.

For help choosing the best credit cards for average credit, review GOBankingRates’ top picks. With so many options on the market, it’s easier than ever to find the right card to raise your credit score.

Best Fair Credit Cards of 2018
                        Credit Card        Annual Fee   APR
capital one logoCapital One Platinum Secured Credit Card$024.99% variable APR
Credit One Bank 2018Credit One Unsecured Visa With Cash Back Rewards$0 to $75 for the first year. After that, $0 to $99 (depending on credit)17.49% to 25.49%
capital one logoQuicksilver One From Capital One$3922.71% to 26.71%
capital one logoCapital One Secured MasterCard$024.99% variable APR
Platinum Elite MasterCard Secured Credit Card$2919.99%
Indigo Platinum MasterCard Account Celtic Bank$023.90%
Credit One Bank 2018Credit One Bank Unsecured Visa With Free Credit Score Tracking$017.49% to 25.49%
Milestone Gold MasterCard$75 the first year; $99 every year thereafter23.90%
Information accurate as of June 11, 2018.

Capital One Platinum Secured Credit Card

Secured credit cards are a great option for people looking to increase their credit score. This card comes with several tools to help monitor your credit profile, and if you make your first five monthly payments on time you will get access to a higher line of credit.

Annual fee: $0
APR: 24.99% variable APR

Rewards and Features:

  • Access to a higher credit line after making your first five monthly payments on time
  • Unlimited access to credit score
  • Tools to help you monitor your credit profile with CreditWise from Capital One
  • Fraud liability if your card is ever stolen

Pros: No annual fee
Cons: Late payment fees of up to $38

Find Out: 6 Easiest Credit Cards to Get

Credit One Unsecured Visa With Cash Back Rewards

When it comes to cash back for credit cards for fair credit there are few and far between, but this Credit One card is one of them. There are 1 percent cash-back rewards for eligible purchases as well as automatic account reviews for opportunities to increase your credit line.

Annual fee: $0 to $75 for the first year; after that, $0 to $99 (depending on credit)
APR: 17.49% to 25.49%

Rewards and Features:

  • 1 percent cash back
  • Free credit score
  • Fraud liability if your card is stolen
  • Automatic account reviews for credit line increase opportunities

Pros: 1 percent cash-back rewards
Cons: Annual fee might increase after first year

QuicksilverOne From Capital One

QuicksilverOne from Capital One provides the highest amount of cash back among all of the best credit cards for fair credit. You earn unlimited 1.5 percent cash back on everyday purchases along with the opportunity for a higher line of credit if the first five monthly payments are all on time.

Annual fee: $39
APR: 22.71% to 26.71%

Rewards and Features:

  • Unlimited 1.5 percent cash back on everyday purchases
  • Access to a higher credit line if first five monthly payments are on time
  • Fraud liability if the card is stolen
  • Unlimited access to your credit score

Pros: 1.5 percent cash back with the opportunity to raise your credit line
Cons: Annual fee of $39

Capital One Secured Mastercard

This credit card is intended for consumers looking to rebuild credit. You will be issued an initial credit line of $200 if the minimum deposit is made and, after making your first five monthly payments on time, you can get access to a higher credit line.

Annual fee: $0
APR: 24.99% APR

Rewards and Features:

  • Initial credit line of $200
  • Access to a higher credit line if the first five monthly payments are on time
  • Personalized payment options

Pros: Chances to improve credit line with on-time payments
Cons: Required deposit of $49, $99 or $200

See: 7 Best Types of Loans for People With Bad Credit

Platinum Elite MasterCard Secured Credit Card

The Platinum Elite is a full-featured card that provides you a credit line based on a refundable security deposit and not on your credit score. It also provides you the opportunity to either rebuild or establish your credit history.

Annual fee: $29
APR: 19.99%

Rewards and Features:

  • No credit history or minimum credit score required for approval
  • Accepted nationwide
  • Credit line secured by a fully-refundable deposit of $200 to $2,000

Pros: Free FICO score, protection from unauthorized purchases
Cons: Late payment fee of $38

Indigo Platinum MasterCard Account Celtic Bank

The Indigo Platium MasterCard from Celtic Bank allows users the ability to manage their credit with the opportunity to build their credit in order to access a higher line of credit.

Annual fee: $0
APR: 23.9%

Rewards and Features:

  • Fast decision on your application
  • 24/7 mobile access to your account online
  • Custom card designs

Pros: Quick pre-qualification process with no impact to your credit score
Cons: Late and over-limit fee are up to $38

Get the Scoop: 10 Best Airline Credit Cards

Credit One Bank Unsecured Visa With Free Credit Score Tracking

This card gives customers the opportunity to earn 1 percent cash-back rewards, monthly access to their credit score for free and the opportunity to increase their line of credit, depending on automatic account reviews.

Annual fee: $0 to $75 for the first year; $0 to $99 thereafter
APR: 17.49% to 25.49%

Rewards and Features:

  • 1 percent cash back
  • Free credit score from Experian
  • Opportunity to increase credit line
  • Fraud liability for stolen card

Pros: 1 percent cash back on eligible purchases as well as the opportunity to increase your line of credit
Cons: Potential annual fee of $75 for the first year; $99 annually thereafter

Read: 3 Things to Do Right Now If Your Credit Score Is in the 600s

Milestone Gold MasterCard

This credit card provides users with fair credit the opportunity to build up their credit score. The pre-qualification process is simple and won’t impact your credit score, and the approval process is streamlined with an instant decision made once the application is filled out.

Annual fee: $75 the first year; $99 annually thereafter
APR: 23.9%

Rewards and Features: 

  • Fast and easy instant decision
  • Custom card designs

Pros: Fast pre-qualification process with an immediate decision
Cons: Annual fee increases after the first year

The best credit card is the one that you use responsibly to build your credit. If you have a fair credit score, paying your credit card in full and on time every single month will result in an improved credit score. Paying in full will also save you money on interest and fees. It’s a win-win.

Click to see how many credit cards you should have.

More on Credit

Methodology: GOBankingRates.com identified the best credit cards for fair credit by analyzing annual fees, APRs, rewards and features. All fees and rates are subject to change at the credit card issuers’ discretion. Some bonus offers might no longer be available on the credit card issuers’ websites, depending on how one accesses the web page.

GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc., an online marketing company serving top-tier banks, credit unions, and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved, or otherwise endorsed by the companies included in the article.