Finding the right credit card is important, no matter what your credit reputation and history. If you only have fair credit, there are a number of cards available for you. Many of these carry no annual fee. With that in mind, there are a few no annual fee credit cards for fair credit that you can consider. Here are some of the best options. Compare each and you can determine which is best for your needs.
The Capital One Platinum is a MasterCard credit card that carries no annual fee for consumers with fair credit. You can easily get a higher credit line after you use the card responsibly for the first five months, which means you must pay your bill off on time. The APR is 24.99 percent. You get fraud coverage in the event that your card is stolen or lost and can do your banking online or via the mobile app. Pay your bills online, via check or at your local branch. With responsible usage of this credit card, you can improve your credit reputation and score.
The Chase Slate Visa credit card has no annual fees and offers an introductory zero percent APR on all purchases and balance transfers for the first 15 months after you open your account. After that time period, the APR increases to between 13.24 to 23.24 percent. You can also enjoy a zero dollar balance transfer fee for all transfers you make within the first 60 days of opening your account. Get access to your FICO credit score for free. You will not suffer any penalties when you pay your bill late. This also means you won’t see your APR percentage increase.
The Credit One Platinum Visa Cash Back Rewards credit card has no annual fee for some users and a regular APR of 15.65 to 24.15 percent. It is a fully unsecured credit card for people with fair credit and has no requirement of a deposit. With it, you can gradually improve your credit with responsible usage by paying your bills on time. There are flexible payment options so that you can get help in ensuring you pay on time. You will receive one percent cash back on purchases of groceries and gas and can eventually increase your credit line with responsible usage.
The Barclaycard Rewards MasterCard is for people with fair credit. It has no annual fees and a regular APR percentage of 25.24. Earn double points toward purchases made on groceries, gas and utilities and one point on all other purchases. Your points will never expire so long as you keep your account open and remain in good standing. Get free access to your FICO credit score, receive alerts and enjoy fraud protection in the event your card is lost or stolen. You can redeem your points when you have a valid savings or checking account.
The Journey Student Rewards from Capital One is a Visa credit card that has a regular APR of 20.24 percent and no annual fee or foreign transaction fees. With this card, you can earn one percent cash back on all purchases. You can increase that amount to 1.25 percent over time after paying your bills on time for any particular month. There are no limits on the amount of cash back rewards you earn and those rewards will never expire. For your convenience, you can even choose your own date for making your credit card payments each month. Get a higher credit line after using the card responsibly over time and enjoy fraud protection in case it is stolen or lost.