Best Credit Cards for Fair Credit / Average Credit – February 2023

FICO defines fair credit as credit scores between 580-669, but credit card issuers often think of fair credit starting at a 600 credit score and going as high as 700. The cards below may be available to fair credit or average credit customers, but what you qualify for may depend on where you fall in the credit score range.

Mission Lane Cash Back Visa® Credit Card – Mission Lane branded credit cards are for people who are still building toward excellent credit. If you’re in that fair credit/average credit zone, this card has no annual fee and offers rewards of up to 1.5% cash back. You’ll get an instant decision on your application, and you could qualify for a higher credit line after making your first 6 payments on time.

The good news: You can see which offer you could prequalify for on their website with NO HARD PULL on your credit report. If you like the terms, you can go ahead and complete a firm application, which would then result in a hard pull.

Worried that your application could still be denied after being prequalified? After prequalification, the only way your application can be declined is if Mission Lane cannot verify your identity or income with the information you’ve provided. Pre-qualify now with No Hard Pull.

 

Petal® 1 “No Annual Fee” Visa® Credit Card – This up-and-coming credit card company may have a no-annual-fee credit card for you with your fair credit / average credit. They offer two different cards with different rewards and rate structures, and Petal does offer a pre-approval process that considers you for both cards to give you an idea if you’re likely to qualify with them.  Petal credit cards are issued by WebBank, Member FDIC.

 

Capital One Quicksilver Cash Rewards Credit Card This card may be available to those a little higher in the fair credit zone, but probably not for those with credit score in the low 600s. Easy-to-understand cash back credit card gives 1.5% cash back on every purchase you make with the card, so it’s not necessary to think about different purchasing categories. No annual fee to worry about, either. EARLY SPEND BONUS: Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.

 

Capital One Platinum Credit Card No frills, but this no-annual-fee credit card is often friendly to fair credit credit card customers, even if you’re at the lower end of the credit score scale. If approved, Capital One says you’ll be “automatically considered for a higher credit line in as little as 6 months.”

 

Chase Slate Edge℠ – This is Chase’s most basic consumer credit card, with no annual fee but also no rewards. It may be available to fair credit customers, especially if your more recent credit history is clean. Chase also says you can “Get an automatic review for a higher credit limit when you pay on time and spend $500 in your first six months.”


Author: Adam Jusko