Having credit is essential to your future. It enables you to make large purchases like a vehicle or home. Having established credit is even necessary to rent an apartment. If you only have fair credit, it is often easier to get a credit card through your bank. Here are a few of the top bank credit cards for individuals with fair credit. Compare a few of these to determine which is appropriate for you based on the bank that offers them.
The Chase Slate visa credit card carries zero annual fees and offers you access to your free monthly FICO score and Credit Dashboard. For the first 15 months after you open your account, you can enjoy a zero percent APR on purchases and balance transfers. After that time frame, the APR amount increases to between 13.24 to 23.24 percent. You can qualify for this card if you have anywhere from fair to excellent credit. There are no penalties against you if you pay your bills late, with your APR remaining the same.
You can easily qualify for the Credit One Bank Unsecured Visa credit card. It carries an annual fee ranging between zero dollars and $99 and an APR of 15.65 to 24.15 percent. Because this is an unsecured credit card, there is no security deposit required toward it. You can get automatic reviews that allow you to increase your credit line, as well as a one percent cash back bonus on grocery and gas purchases. Enjoy flexible payment dates so that it is easier to make your payments in a timely manner.
If you have an account with First Premier Bank, you can easily qualify for the First Premier Bank MasterCard credit card. It is good for people with fair credit and provides you with your free FICO credit score on a quarterly basis on your billing statements. There is a $75 annual fee for the first year, but that amount decreases to only $45 afterward. The regular APR is 36 percent, with a $37 fee on late payments and $35 on returned items.
If you only have fair credit but are looking to improve it, the Credit One Bank Platinum Visa for Building Credit is a good option. It has an annual fee of between zero and $99, a regular APR of 15.65 to 24.15 percent and one percent cash back bonuses on grocery and gas purchases. The credit card is fully unsecured, meaning you are not required to put down a security deposit toward it. You can also take advantage of flexible payment dates to help you in making your bill payments on time. Over time and with responsible usage, you can also increase your credit line.
The Citi Simplicity MasterCard credit card from Citibank lets you enjoy a zero percent APR for the first 21 months on balance transfers and purchases. Afterward, that amount will increase to 13.24 to 23.24 percent, based on your creditworthiness. There is a three percent or $5 fee on all balance transfers as well. A nice perk is that you can earn one percent cash back on all your purchases and double that amount whenever you pay off your purchases on time or even over time.