Many consumers find themselves right in the middle when it comes to credit scores. A fair or average credit rating isn’t poor, but it also isn’t excellent. Depending on your circumstances, you might face some difficulty getting approved for credit cards. However, because your score isn’t yet in the poor range, there are options available to help you improve your credit rating, without resorting to a secured credit card. For many consumers, the best way to get a boost in their credit score is to choose gas credit cards which are usually more flexible when it comes to approval. Plus, these cards often provide gas rewards and other benefits, that can help cut your gas bill when you fill up. Here are some of the best gas cards available for fair credit.
This card is one of the best available for gas purchases and building your credit because it is one of the only cards that is specifically designed for gas purchases. There are three versions of the card, a store card only for Chevron and Texaco, the Visa, and the Premier Card. The Chevron and Texaco Visa Credit Card is ideal because you can use it at Chevron and Texaco gas stations, and for purchases wherever Visa cards are accepted. You also earn .03 cents per gallon in fuel credits every time you fill up at Chevron or Texaco stations. This card has no annual fee. The APR for purchases is a variable APR of 27.24%. New cardholders get a bonus of .10 cents per gallon in fuel credits for the first 60 days as a cardmember.
Like other credit cards for fair credit, the APR is high. However, you can avoid paying the high-interest rate if you make sure you pay your balance in full each month rather than carry from month to month. This card is a solid choice for building credit and getting a discount at the pump. Plus, you get an extra bonus for the first 60 days your account is open. Further, because there are other versions of the card available, if you don’t qualify for the Visa, you might still be able to qualify for the store card. This is beneficial because you still get an opportunity to earn gas rewards and build your credit, even though the card can only be used at Chevron and Texaco stations.
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This fully unsecured credit card with no deposit requirement can be helpful in growing or building credit. Your account activity will be reported monthly to all three major credit bureaus.
All the features you want in a credit card are included. Get 1% cash back on eligible purchases, take advantage of free online credit score tracking, and enjoy credit line increase opportunities. Terms apply.
$0-$99 annual fee
If you would rather earn rewards on grocery store purchases and gas, the Credit One® Platinum Visa® Rewards Credit Card is a good option. You can use the card and build your credit rating while earning 1% cash back for gas and grocery purchases. The annual fee is dependent on your creditworthiness and is $0 to $99. The variable APR is 15.65%-24.15%.
The Credit One cards are known for being more understanding of lower credit ratings. If you have fair credit, this card gives you a chance to build your credit and earn cash back on gas and grocery store purchases.
If you don’t want to be limited to just gas purchases, you can earn rewards on gas, utilities, groceries, and all other purchases with the Barclaycard Rewards MasterCard®. This card is also designed for those with fair or average credit scores, and awards 2x points for gas, utilities, and groceries, and 1x point for all other purchases. You can redeem your points at 1,000 points for $10. There is no annual fee for this card, and you get free access to your FICO Score, which can be helpful in building your credit. The APR is variable at 25.24%.
This card is one of the rare cards available for fair credit that doesn’t charge an annual fee. You also have an opportunity to earn cash back on a broad range of everyday purchases, which can result in a significant amount of cash back. If you are working on building your credit, the free FICO Score will make it easier to manage and track how you are doing.
A fair credit rating is often considered in the range of 650 to 700, right in the middle of poor credit and excellent credit. Although it isn’t the worst credit rating you could have, there is plenty of room for improvement. Plus, depending on your particular score, you could be dangerously close to a poor credit score, which can mean higher interest rates and more difficulty getting approved for credit or loans. So, although fair or average credit isn’t horrible, it’s still important that you are diligent in maintaining and building your credit rating.
Although a fair credit rating isn’t the worst rating you could have, you might still find it difficult to get approved for a decent rewards credit card. Many of the best and most popular cards are often reserved for consumers with excellent credit scores. You do, however, have some solid options that not only help you build your credit rating, but can also provide valuable rewards and benefits. For fair credit, some of the best credit cards available are gas credit cards. Here are our best gas credit cards for fair credit.
For other credit cards designed for fair or average credit, read our picks here.