If you have only fair credit but want to improve your credit reputation, there are plenty of cards you can use. However, if you want to go with a credit card that offers instant approval, you may have to narrow your scope. Here are a few options of credit cards for fair credit that offer instant approval. Compare each of these so that you can determine the card that is best for your needs.
The Chase Slate Visa credit card is a good option and is available for users with anywhere from fair to excellent credit. There are absolutely no annual fees and you get a zero percent introductory APR for the first 15 months on purchases and balance transfers. After that time frame, the APR increases to between 13.24 to 23.24 percent. You will never face having to pay any penalties toward late payments and your APR will never increase past its regular amount. Get access to your monthly FICO score and credit dashboard as well.
With the Credit One Platinum Visa Cash Back Rewards credit card, you can instantly qualify even if you have only fair credit. It has an annual fee ranging between zero to $99 and an APR range of between 15.65 to 24.15 percent. Earn one percent cash back rewards on purchases of groceries and gas and rely on flexible payment dates to ensure you never pay your bills late. The credit card is fully unsecured and doesn’t have any requirements for a security deposit.
To qualify for the USAA Classic American Express credit card, you must be a current US military service member or a veteran who received honorable discharge. It is also open to the family members of those individuals. The card has an annual fee of $35 and is available for those who have fair credit. There is a regular APR rate of between 18.15 and 24.15 percent. When you use this card responsibly by paying off your bills on time, you have the opportunity to improve your credit, sometimes in as little as a year. Over time and with good usage, you may even be considered by USAA for a more premium credit card. There are also special rates available for users who are about to be deployed.
The Credit One Rewards Visa credit card is a perfect option for individuals with fair credit who want to be instantly approved. With it, you will have your usage monitored and you will be alerted when you can raise your credit line. There is an annual fee of between zero to $99. The regular APR is between 15.65 and 24.15 percent. Earn a one percent cash back bonus when you purchase groceries and gas and take advantage of zero fraud liability, which protects you from any unauthorized charges. This is a fully unsecured Visa credit card that doesn’t require any security deposit. Your usage is reported to the three major credit bureaus — Experian, Equifax and TransUnion.
You will get a fast response of instant approval on the Milestone Gold MasterCard credit card if you have fair to good credit. There is full protection against fraud and you will be alerted if your card is lost or stolen. However, it should be noted that this credit card has an annual fee of $35 to $99 depending on your credit level. You can even qualify if you have a history of bankruptcy. The card carries a regular APR of 23.90 percent and is accepted at millions of locations around the world. When you are approved, you can even customize the design of your credit card for free.