Top Credit Cards for Fair Credit in 2020

Top Credit Cards for Fair Credit in 2020

December 31, 2019         Written By Bill Hardekopf

If you find that you only have a fair credit score, don’t be discouraged. You may not be able to get the most attractive loan on the market or the credit card with the best rewards, but you can still qualify for a number of credit cards. If you credit score is in the 640 to 699 range, there are a number of credit cards that are designed specifically for you, and will help you build your score for the future. Here are some of the top cards in 2020 for people with fair credit:

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The offers 1.5% cash back on every purchase with absolutely no limit on the amount of cash you can earn. The standard interest rate of 26.74% (Variable) will apply to both new purchases and cash advances. This is a variable interest rate that can rise with the prime rate. Capital One also offers QuicksilverOne cardholders the opportunity to increase their credit line after making their first five monthly payments on time. There is a $39 annual fee for this card, and no foreign transaction fees imposed on charges processed outside of the United States.

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The has no rewards program, but does not have an annual fee. Like the QuicksilverOne, it offers new cardholders the chance to receive a higher line of credit when they make their first five monthly payments on time. Capital One’s Credit Tracker app is also included. The interest rate for this card is 26.74% (Variable) on both purchases and cash advances, but there are no annual fees or foreign transaction fees.

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With over five million customers, Credit One is one of the nation’s largest credit card providers. You can see if you pre-qualify for the  without doing any harm to your credit score. Cardholders receive 1% cash back on eligible purchases. You can also take advantage of free online credit score tracking as well as the chance to increase your credit line. Once you are approved for your account, it will have an annual fee of between $0 and $99 depending on your credit profile. The standard APR for purchases will be 19.49% to 25.49% Variable based on your creditworthiness when you open your account.

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With the , you can complete the pre-qualification form, and find out if you are prequalified based on your credit profile. Depending on your creditworthiness, you could receive a card with a $35 annual fee, a $59 annual fee or one with a $75 fee the first year, and $99 thereafter. There is also an authorized user fee of $25 each year to add an additional cardholder. Regardless of which offer you receive, the standard interest rate will be 24.90% for purchases.

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The  allows you to pre-qualify for a card without impacting your credit score. The APR is set at 24.90%, and your annual fee ranges from $0 to $99. Perks of the card include fraud protection for lost or stolen cards and mobile account access. Your account history is also reported to the three major credit bureaus. The card requires no security deposit.

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Most every small business card on the market requires you to have good or excellent credit but the only requires fair credit, making it a very attractive card. The card has no annual fee and you get 1% cash back on every purchase you make. As a small business owner, you will receive helpful year-end summaries, and can add employee cards at no extra cost. There is fraud coverage if any of your small business cards are lost or stolen. The card does has an interest rate of 24.49% (Variable) so you will want to pay off the balance in full and on time each month. Like all Capital One cards, there are no foreign transaction fees with the Spark Classic card.



The information contained within this article was accurate as of December 31, 2019. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


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About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Top Features : Reports to all three credit bureaus, perfect credit not required for approval
Top Features : 1.5% cash back on every purchase; access to higher credit line after making first 5 monthly payments on time
Top Features : Reports to major credit bureaus; 24/7 account access; no security deposit needed
Top Features : Monthly reporting to the three major credit bureaus
Top Features : Rewards Program; See if you pre-qualify without affecting credit score