Wednesday, June 12, 2024
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Credit Cards for Fair Credit Instant Approval

Credit Cards for Fair Credit Instant Approval

Getting a credit card is a necessity and is the dream for many people be it young and individuals of all ages. The main reason is that presently, the transactions have been made easy with credit cards and also deliver the one-month time for repayment.

This is where credit cards, be it for small transactions or small is considered to be convenient. Hence, be it a young adult, middle-aged or even an entrepreneur are using the one facility combined with different advantages.

But one of the top factors that cannot be avoided or neglected is credit score. To become an eligible customer, you need to have a good credit score. This way, it becomes quite easier for you to issue the credit card of your choice.

Somehow with some, it is quite not possible. Then won’t they be able to issue credit cards? It might be you as well, who have a low or fair credit score and unfortunately are unable to get the card of your choice.

But we do have solutions for every condition and for people with fair credit.

Fair credit score is not a problem 

Yes, if you have a fair credit limit it is not a problem. Since the financial industry has changed a lot with time. It is not a problem or difficulty to find a credit card with a fair limit.

This means if you have a fair credit limit (that is generally 580-600) you do not have to settle for your needs. Fortunately, there are different types of credit cards for fair limit instant approval that give people an advantage to cover their needs.

On the other hand, fair credit sometimes is also grouped together with poor credit as well.

There are different financial institutions that all have considered the one requirement and worked out for fair limit individuals. Here, in this article, we will let you explore the names of those along with their benefits.

Top Credit cards with fair limit and instant approval

The necessity of credit cards cannot be ignored and we have stated this above. For example, if we talk about different countries then Canada is on top among credit card users. 

The count goes up to 82% of the population owing credit cards.

On the other hand, the highest credit card usage is in Iceland (74.58%), the United States (73.21%), and Australia (54.30%).

It is all because of the ease, rewards, developing a good credit history, protection against fraud, travel benefits and even purchase protection. Well, by encountering all of those who do not wish to take such benefits combined in one place.

Therefore, if you are one of those eagerly looking to get a credit card, but are unable to due to a fair credit score then here we are helping you explore the top ones.

1. Capital One Platinum Credit Card

Coming into the number one place, Capital One Platinum Credit Card is one of the credit cards that comes with a fair credit score. But majorly it is perfect for those who are frequent travellers. This means it offers a wide range of benefits to travellers mainly with no foreign transaction fees.

Eventually, this perk will let you travellers save 3% on the card charge if there is a purchase in foreign countries. It has been found that Americans on average spend around $2,154 on travel. This means, Capital One Platinum Credit Card will let you save around $65.

Card has travel accident insurance along with 24-hour travel assistance service. This all comes with no extra cost.

Pros

  • Capital One Platinum Credit Card comes with no annual fee.
  • No foreign transaction fees.
  • Cardholders upon the usage for about 6 months can increase their credit line.

Cons

  • Higher APR
  • If offered no rewards points, cardholder unlike another card will not get facilities to earn cashback on rewards points they earn.

2. Capital One QuicksilverOne Cash Rewards Credit Card

Usually when it comes to taking a credit card the first factor is to take a selection. Next, even what is the credit score? Most people get stuck in their credit score and fail to issue one of their choices. If you have been into any such conditions then we have got hands for you.

Capital One Quicksilverone Cash Rewards Credit Card is one of those that people can adopt leaving behind all of their worries. Yes, it comes with a fair limit and instant approval.

Individuals who are looking for credit cards are no longer worried about their scores. Additionally, the card has tons of other features packed within it as well.

Pros

  • Cardholders can get an unlimited reward point facility which means 1.5% on every purchase. Along with this, up to 6 months of complimentary Uber One membership statement credits.
  • Does not hold any foreign transaction fees and can be used easily in any country.
  • Easily redeem cashback anytime and for any account.

Cons

  • Cardholders will have to pay an annual fee of around $39.
  • Comes with a higher APR variable.
  • There is no welcome bonus.

3. More Rewards American Express® Credit Card

This one instant approval credit card takes a fair credit score to get the entire process done. This means it is an unsecured credit card and card holders will not have to be worried about any security amount. American Express® Credit Card in turn has become the prominent choice among individuals who have a fair score and always wanted to issue credit cards with a wide range of benefits.

Pros

  • At the time of opening the account (within 90 days), cardholders will get an opportunity to earn $20,00.
  • At restaurants, supermarkets, gas stations and food delivery 3X rewards are credited to the account.
  • No annual charges applicable or foreign transaction and cash advance fees.
  • The earned points can be redeemed for cash, travel and gift cards.
  • Availability of roadside assistance car rental (up to 25%) during loss or damage.

Cons

  • Higher APR that goes from 13% – 18%.

4. Discover it® Student Cash Back

This credit card is available for people who have fair scores and want to develop a strong credit score in future. This is the reason why it is one of the most demanded credit cards among individuals. Often people tend to remain deprived because they do not have a fair score to apply for credit card or loan. It is then the real problem starts and makes things worse or depressing.

But by keeping all of the requirements in mind, several financial institutions have introduced some cards that come with fair scores. This means, poor credit score is not a problem.

So, if you are looking to get a credit card for quite a longer time then Discover it® Student Cash Back could be your choice. It is considered best for students where they can make use of it for their day-to-day work and in turn save money.

Pros

  • Discover it® Student CashBack will catch up all of the reward points you have earned at the end of the 1st year and let you know the cashback facility. This means it is easier to turn $50 to $100 and $100 to $200.
  • Earn a 5% cashback facility that goes on every spending at gas stations, restaurants, and grocery stores.
  • There is no credit score required to apply for Discover it® Student Cash Back.
  • Help their customers to reduce the exposure of their personal data/information.

Cons

  • Regular APR is quite higher which goes up to 27.4%.

5. Discover it® Student Chrome

Just like all of the above other cards, Discover it® Student Chrome is one of those to take control of the requirements of users. It lets you enjoy all of the cashback facilities and also within your fair credit limit. Presently, students are more into adopting Discover it® Student Chrome and has become the perfect companion for them.

Pros

  • All of the reward points are summed up (at the end of the first year). Cardholders here can get the opportunity to turn them into cashback facilities.
  • At gas stations and restaurants earn 2% of reward point facility + 1% on other purchases.
  • No annual fee
  • Let cardholders be protected against all of their data.

Cons

  • There is a low reward rate in the non-bonus category.
  • Reward points are capped.
  • There is limited international acceptance.

Instant Approval of Virtual Credit Card Bad Credit

6. Deserve® EDU Mastercard

It is one of the top picks for college-going students, Deserve® EDU Mastercard lets them earn rewards and make them save money. In addition, this card is proven to be quite good for international students who are not able to develop a good credit history.

In starting, Deserve® EDU Mastercard can let them enjoy benefits while developing credit history as well. This way, the journey from low to higher credit score can be covered.

Pros

  • There is no foreign transaction fee applicable.
  • No need to own a social security number to apply for this card for international students.

No credit history is required, fair to good both can be worked out.

After spending $500 in the first 3 billing cycles, 1 year Amazon Prime subscription is given.

Let cardholders earn a 1% cashback facility on every purchase.

Cons

  • There are no financing offers available.
  • There is no welcome bonus.

7. Petal® 2 “Cash Back, No Fees” Visa® Credit Card

The type of credit card has also one facility that has a fair limit. It is mainly issued by WebBank and is one of the few card charges that comes with no fees. The application process is also a different process than others. There is a simple process that includes an application process to determine your eligibility and follow up with the process.

This way your process to get Petal® 2 “Cash Back, No Fees” Visa® Credit Card can be accomplished. 

Pros

  • Unlimited cashback facility that counts to 1%- on every purchase.
  • Cardholders will have the facility to redeem the rewards at any time.
  • There will be no fee charged if the transaction is made in the U.S.

Cons

  • Come with an annual charge of $39
  • Higher variable APR.
  • There is no welcome bonus.

8. Chase Freedom Flex

Chase Freedom Flex is another credit card that helps individuals to ignore their credit history and apply for it. It is quite a flexible option for those who are looking for fair rewards and other facilities. So, among different credit card options, chase freedom flex is another prominent choice that individuals cannot overlook. It has ample of benefits that one can be taken ahead, 

Pros

  • No annual fee applicable
  • No foreign transaction fees
  • There is a 5% cashback facility on rotating quarterly categories.
  • On dining and medicines there are 3% cash back facilities available.
  • $200 welcome bonus when you spend $500 (in the first 3 months of account opening).

Cons

Rewards points are capped.

How to apply for a credit card online?

Currently everything is online and has been served in an easy manner. No matter what your requirements are, you can turn them on right from your place. The same is the case with credit cards, you no longer have to visit the bank to get them issued.

But choose the one desired credit card, proceed ahead with their website or the financial institutions website and get started. Therein you will be asked which credit card you want to apply for. Choose the one card, upload all of your necessary documents along with details and place the application form.

This way there is no hurdle to get the credit card you were willing to take for quite a long time. The entire process comes with no hurdles.

Summary

Above we have mentioned the top credit cards that consider fair limits and let individuals enjoy the best and advanced facilities. Therefore, if you were not able to issue a credit card due to a low or fair credit score then we have the top list for you.

You can explore their benefits and make your decision to bring the one at home as per your requirements.

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