Best Credit Cards for Fair Credit July 2020

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If your credit score is between 580 and 669, you have fair credit, which is just one step above poor credit. But having fair credit doesn’t mean you’re ineligible for great credit cards. We’ve rounded up the top credit cards you still have a chance to be approved for, even with fair or average credit, in a variety of categories. These cards can help you build credit as long as you use them wisely. In this guide, we’ll show you our list of the best credit cards for fair credit scores and as how to use them to work toward a good credit score. Learn how to get mobile phones on contract bad credit.

Check If You’re Prequalified

Before applying for any credit card, it’s helpful to check if you’re prequalified from a variety of institutions. The soft credit check the institutions perform does not harm your credit score and allows you to compare credit options. You can read our guide to getting prequalified for a credit card here.

Build Credit with Secured Cards

A great approach to rebuilding credit is to get a secured credit card. Secured cards require that you submit a security deposit to the issuer before you get the card. Typically, the deposit must match your credit limit — so if you want a credit limit of $500, you’ll have to submit a $500 deposit.
Most credit cards are unsecured, meaning they don’t require a deposit. But secured cards may be easier to get than unsecured cards for applicants with fair or average credit.
To effectively rebuild your credit, you must use the card, and we recommend not charging more than 20% of your credit line. For example, if you have a $500 credit line, you should not charge more than $100. Then, pay off your balance in full every single month. You can even build credit with $10 a month on a secured card and see your credit score rise.
After you’ve consistently managed your secured card well over a period of time, you may be able to increase your credit line beyond your initial deposit or migrate to an unsecured credit card.

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