Credit Cards for Fair Credit With No Annual Fee

Are there credit cards for fair credit with no annual fee?
Expert answer by Mira Nurdin,
6+ years in marketing and finance, online shopping guru

With fair credit you sit right in the middle – best credit cards are still out of your reach, but you already have a decent choice of available offers. Finding a right credit card with fair credit – with no annual fee and high credit limit is not easy.  Card features such as interest rates and annual fees can be confusing. Understanding the role your own credit score plays in your credit-worthiness can make a big difference in your overall success.

What is Fair Credit?

What exactly is “fair credit?” From an industry perspective, most merchants and lenders consider someone whose credit falls between a FICO score of 600 and 720 to have “fair” or “average” credit. Any lower than this and you have an increased risk; any higher and you probably enjoy good credit offerings much of the time.

High Limit Cards for Average Credit

Getting a high limit card on average credit does usually require some work and time. While cards with higher initial limits do exist, they are more difficult to qualify for and you should expect a trade-off in the way of interest and fees. Your increased risk status will naturally result in a higher yearly fee and a greater interest rate in nearly all cases. Fortunately, even if you initially qualify for a low credit limit, you can usually build up to a higher limit over time.

Most banks offer a credit limit increase option after 6 months of responsible card use.

It’s important to not only build a relationship with the credit card issuer but also to manage your account responsibly. This means making your payment on time every month and following the credit card issuer’s guidelines.

One of the high limit options is the Emporium card – technically a store card with the credit limit up to $5,000 and instant credit approval.

intro purchase APR n/aregular APRSee website for Details*
bad credit required

no fees

Up to $5,000 Spending Limit in Less than 60 Seconds! Shop from over 100,000 brand name products such as Apple, Samsung, Sony, Gucci, Prada and much more with low easy payments.

Less than Perfect Credit Accepted. Approval is quick and easy. Must be 18 years or older, have a valid checking account and a verifiable source of income.

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Cards for Poor to Fair Credit

People with poor to fair credit are often considered to be in the rebuilding stage. This includes those who have declared bankruptcy in the distant past and those who don’t have any credit at all, such as college students. If you fall into this category, you will most likely have to take a secured credit card with a low limit first and prove you can use the credit responsibly. Even unsecured cards with no annual fee often start at a lower limit until at least the first six months.

intro purchase APR no intro offerregular APR24.99 - 24.99% (V)
intro BT APR 24.99% no BT fee
bad credit / no credit required

no annual fee

bad credit or no credit 

25 days grace period

$49-$200 security deposit

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intro purchase APR no intro offerregular APR16.99 - 24.99% (V)
intro BT APR no intro offer 16.99-24.99%
rewards 1% cash back on eligible purchases, terms apply 
bad credit / no credit required

This unsecured card requires no deposit and can help build your credit

Receive opportunities for credit line increases, a fee may apply

See if you Pre-Qualify in less than 60 seconds

Receive 1% cash back on eligible purchases, terms apply

$0-$99 annual fee

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Another credit card from Indigo brand - for Fair to Good credit owners this time.

intro purchase APR n/aregular APR23.9%
good credit / fair credit required

Easy pre-qualification process with fast response

All credit histories considered

Online servicing available 24/7 at no additional cost

Unsecured credit card, no security deposit required

Account history is reported to the three major credit bureaus in the U.S.

read review

Best Cards for Students

Students usually have no credit history, which technically puts them in the average credit range.

Best credit cards for students can be found with no annual fee as well. Some of the best examples are Discover it Chrome for Students, Citi Thank You preferred for Students and BankAmericard Cash Rewards for Students.

intro purchase APR 0% for 12 monthsregular APR13.49 - 23.49% (V)
intro BT APR 13.49-23.49 3% min $5 fee
rewards 1-2 points/$1 +15000 bonus points
  • get 1500 bonus points after spending $1000 in the first 3 months
  • earn 2x points on dining out and entertainment

 

no credit required

no annual fee

no credit needed for students

up to 2x points and 15000 bonus

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intro purchase APR 0% for 12 monthsregular APR13.49 - 23.49% (V)
intro BT APR 0% for 12 months 3% min $10
rewards 1-3% per $1 +$100 intro bonus
  • earn 2% on grocery store and wholesale club purchases
  • earn 3% on gas
  • quarterly limit of $2,500 apply to gas and groceries combined purchases
  • get $100 after spending $500 on the card in the first 3 months
no credit required

no annual fee

2-3% cash back on gas, groceries, and wholesale club purchases

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intro purchase APR 0% for 6 monthsregular APR13.49 - 22.49% (V)
intro BT APR 10.99% for 6 months 3% BT fee
rewards 1 or 5% 
  • earn 5% cashback on rotating quarterly categories 
  • 1% cashback on all purchases
  • double cashback for first year
  • $20 cashback annual  bonus if your GPA is 3.0 or greater

 

no credit required

no annual fee

no credit needed

5% cashback on changing categories

double first year cashback

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