Credit Cards for Fair Credits is a Low Rate Credit Cards.
People with excellent credit(550 - 639) are on the fence with most credit card issuers. Approvals tend to be based on your credit score and other factors such as income and credit card debt. If approved, most cards come with a small annual fee and a low credit limit. However small the credit limit, this is a great option if you have fair credit and can help you continue to improve your credit score.
The Capital One QuicksilverOne card is one of our top choices for consumers trying to bolster their credit scores, thanks to a generous rewards program that offers 1.5-percent cash back on every purchase and easily makes up for the card’s annual fee.
The Amazon Rewards Visa Signature Card is a credit card offered by Amazon and Chase. If you use Amazon regularly, this card could potentially provide you with a lot of cash back.
This card has been chosen as one of our Best Store Credit Cards.
This card can be used anywhere Visa credit cards are accepted, which is pretty much anywhere credit cards are accepted. There’s also a similar card you can only use at Amazon, the Amazon.com Store Card.
The Capital One QuicksilverOne card is one of our top choices for consumers trying to bolster their credit scores, thanks to a generous rewards program that offers 1.5-percent cash back on every purchase and easily makes up for the card’s annual fee.
The low rate credit card is a kind of credit card with a lower-than-average interest rate. The rate is lower than the average APR, and could be down to 0% sometimes.
The interest rate that a bank uses to advertise its credit card is usually the purchase rate - the interest that applies to the balance portion of normal purchases and payments. The average interest rate is about 17-18%. Other transactions, such as cash advances and balance transfers, are set at different rates.
This ratio is shown as the annual percentage ratio (APR), which is the amount of interest that the balance is theoretically attracted during the year. Interest is actually calculated daily, daily percentage rate, and applied once a month on your credit card statement. You can calculate the daily percentage rate as APR%/ 365.
At the end of the interest-free date, if your account balance is ongoing, interest rates will begin to take effect.
There are mainly two types of low interest cards:
0% on purchases within a period of time
Cheap interest rates
If you don’t pay off your balance in full every month and need the security of a low rate in the future. And if you already have a large balance, you can apply for a low rate credit card and benefit from this credit card.
Compared to other credit cards, low interest cards offer long-term low interest rates or even 0% introductory period on spending. If you are a person with a monthly balance, it is equivalent to saving a lot of interest.
Some low rate credit cards also offer great sign-up bonuses.
Some credit cards with low rates still offer rewards programs, so you can earn points when you make purchases.
Many low interest cards have a very low annual fee than other credit cards. Some really worthy low rate credit cards have $0 annual fee.
The issuer will review your personal credit history when determining whether to approve your credit card and what terms you are eligible for. Responsible past use of credit will maximize your chances.
You can apply for a low rate credit card online, in banks or by email depending on the card. And you just need to fill in your personal information and submit your application. The credit card issuer will consider your credit reports and several different factors when reviewing your application to get an idea of your creditworthiness.
You need to have an understanding of the terms of your credit card in order to use it better and avoid paying extra fees.
Although low rate credit cards offer a very low interest rate, the interest rate will revert to the higher interest after the period of time, such six months or one year.
Because the interest rate on cash is still high, we don’t recommend you to use these cards to take out cash.
Low rate credit cards still charge you late payment fees. Therefore, we recommend you to pay the bill in full on time in order to avoid paying extra fees.
About three-quarters of Americans have at least one credit card,In fact, the average person has 3.4 cards. But whether you have a wallet full of plastic or have never charged a purchase in your life, you should know how to apply for a credit card the right way when the time comes. getting approved for a credit card requires proactive planning that should start long before you apply. That's why Cards-Offer born, we aim to help you to find the right credit card, and then successfully apply a credit card.
Credit card applications are straightforward, but you'll need to meet some minimum financial requirements to get approved for the best credit card offers. Learn how to apply for a credit online and what to expect after you click submit.
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The credit score is a three-digit number relating to your credit worthiness. Banks or issuers use it to determine if they will approve you for a credit card. In Cards-offer, credit score ranges can be roughly equated to levels of credit, from limited credit to excellent credit.
|
Credit Score |
|
|
Excellent Credit |
750 — 850 |
|
Good Credit |
700 — 749 |
|
Fair Credit |
640 — 699 |
|
Bad Credit |
300 — 639 |
|
Limited Credit |
Less than 3 years of credit history |
Applying for a credit card designed for people in the score range above does not guarantee you will be approved. Many other factors will go into credit card approval decisions.
