If you have one or more fair credit and want to get credit cards for fair credit.  These credit cards have not only advantages but also some disadvantages. Therefore, you should consider before choosing the best credit card for fair credit in the US.

Credit cards for fair credit
Many companies offer credit cards for fair credit in the US

In the previous post, Info Credit Free introduces people to some of the necessary information that is useful for getting the best instant approval credit cards in the US, to get more information people can read the article Some people should have instant approval credit cards. Now, let find knowledge about the credit cards for fair credit in the post today.


Just like a lot of article posts such as instant approval credit cards, low-interest credit cards, pre-approved credit cards, best credit card offers…, this post about credit cards for fair credit also includes some main parts. They are:

1. The typical interest rate for fair credit

If you have fair credit, you usually pay higher interest rates for loans than when you have good credit to excellence. However, the amount of interest depends on the type of loan and the amount you are borrowing. For example:

  • Mortgage rates are usually higher than 0.5 to 0.75 percentage points for a 30-year fixed-rate loan.
  • Automated loans are usually 4 to 7 percentage points higher.
  • Credit card interest rates are usually 5 to 7 percentage points higher.
  • Unsecured personal loans may be about 7 percentage points higher.

How quickly can credit improve?

The amount of time needed to improve your credit depends on the details of your financial situation. Along with your credit behavior, your starting point is a major factor.

For example, if you don’t have a credit history, it will take at least six months to set up a credit score. Credit score formulas require an active credit account for at least six months before points are created.

However, if you are repairing damaged credit, it may take longer to increase your score. For example, a person who is only eligible for a security card can improve fair credit within 12 to 18 months – of course with responsible card use.

Action Avg. Recovery Time Credit Score Impact
 Applying for Credit 3 months Minor
Closing an Account 3 months Minor
Maxing Out a Credit Card 3 months Moderate
Missing Payment / Default 18 months Significant
Bankruptcy 6+ years Significant
Credit cards for fair credit
Many companies offer credit cards for fair credit in the US

2. The best credit cards for fair credit

Best For: Average Credit Card Annual Fee
No Annual Fee Capital One Platinum Credit Card $0
College Students Discover it Student Cash Back $0
No Deposit Required Avant Credit Card $29
Flat-Rate Rewards Capital One QuicksilverOne Cash Rewards Credit Card $39
Everyday Spending Credit One Bank Platinum Visa with Cash Back Rewards $0
Fraud Protection Indigo Platinum Mastercard $0 – $99
Credit Bureau Reporting Credit One Bank Platinum Visa for Rebuilding Credit $0 – $99
Starting Out Discover it Secured $0
Easy Pre-Qualification Milestone Gold Mastercard $35 – $99
Gas Rewards Discover it Student chrome $0

This post is about Credit cards for fair credit. We provide this information to offer you some of the necessary information that is useful for getting the Credit cards for fair credit Also if you are using credit cards and would like to know how to borrow money, please refer to the personal loans for people with bad credit link we just provided in the previous article. 

In addition, we provide a variety of information on insurance or the Swift Code of each bank in the US in many previous articles. If you are living in the US and want to know about insurance or code, people should read some articles like such as Swift Code Capital One Financial Corp, compare car insurance quotes, professional indemnity insurance…

Hillary (Team Content) – Info Credit Free