Last updated on October 11th, 2021
Credit card for excellent credit (like the Platinum Card from Amex, the Chase Sapphire Reserve) and bad credit score cards (like secured cards) tend to get the most traffic – and headlines – on sites like BestCards. But what about credit cards for people with fair credit? There are a huge assortment of credit cards for average credit, so we’ve broken them down – here are our picks for the best credit cards for fair credit of 2021:
The Best Credit Cards for Fair Credit 2021
Here are our top credit cards for average credit:
Credit One Bank is one of the premier credit card issuers for people looking to rebuild their credit. The bank offers a range of quality credit card products for those with fair credit (in addition to their cards for good or excellent credit scores) – and the Credit One Bank® Platinum Visa for Rebuilding Credit is one such card.
The Credit One Bank® Platinum Visa may help users rebuild their credit with responsible credit use and earn rewards simultaneously. Cardholders earn 1% cash back on purchases in eligible categories, including gas, groceries, phone, cable, and internet services. Credit One also offers additional savings through Get More Rewards, with select purchases earning as much as 10% cash back.
One of the best features of Credit One credit cards is the opportunity for a credit line increase. The issuer reviews accounts regularly to ensure cardholders have access to more credit when they deserve it.
The Self Visa® Credit Card is another attractive credit card for those with average credit. The card is a secured card that requires a Self Credit Builder Account to open. This process involves a soft pull, making the card an excellent option for those who want to increase their total amount of available credit – reducing their credit utilization.
Rebuilding credit requires good financial habits – and your credit utilization ratio (or credit use vs. overall credit limits) is just one factor. You’ll also need to make your payments on time every month. These two factors account for two-thirds of your FICO credit score (and an equally significant portion of a VantageScore).
The Self Visa is a great tool in the credit building process, making it an excellent additional card for fair or average credit. Want to learn more about the Self Visa? Check out our comprehensive Self Card review
The Destiny Mastercard is one of several credit card options for people with fair credit from Celtic Bank (with others including the Indigo® Platinum Mastercard® and the Surge Mastercard®). Destiny is an enticing offer in the average credit marketplace thanks to a competitive APR and a relatively modest annual fee.
The card features a fixed APR that is significantly lower than some competitors, with notable examples being the Today Card™ Mastercard®. The Today Card, for instance, features a purchase APR of around 32%, while Destiny features a rate of around 24% – significantly lower. This, in turn, can help you keep costs down if you plan to carry a balance from month to month.
Other notable features on the Destiny Mastercard include:
- Mastercard Zero Fraud Liability protection
- ID Theft protection
- Regular reporting to the three major credit bureaus (Experian, Equifax, and TransUnion)
It’s not just consumers with average credit – sometimes new businesses (or those who are rebounding from financial issues) need a credit builder credit card. For small businesses looking for a credit card for fair credit, the Divvy Card is a great option to consider.
The Divvy Corporate Business Card is a corporate credit card that promises no fees, scalable credit lines, and enforceable budgets. There is no personal guarantee requirement, meaning applicants don’t have to accept personal liability for their company’s debts.
The Divvy Card also offers rewards – an excellent feature for a business card for average credit. Companies earn rewards based on their repayment schedule, with shorter payment cycles returning greater rewards – with up to 7X points on dining for those companies that make payments weekly and a still impressive 2X on dining for those that pay monthly.
Want some more credit card options for fair credit to consider? Here are two cards that just missed out on our top spots:
Designed for folks with less-than-stellar credit (or no credit at all), the Milestone® Mastercard® credit card offers quick qualification process, custom card design, free online account access, and Mastercard® benefits.
The Revvi Credit Card is a full-fledged Visa credit card that can help you improve your credit score with on-time payments and responsible use. The card features an initial credit line of $300, with the chance of a credit limit increase after year one.