2 Rewards Credit Cards For People With Fair Credit

These Credit Cards have Great Benefits for People with Damaged Credit

2 Rewards Credit Cards For People With Fair Credit
August 18, 2016

Tired of hearing about credit cards with great perks… for which you know that you can’t qualify? Think all the good cash back or rewards points deals are saved for people with good credit? Think again.

We’ve already compiled good cards for people with not-so-good credit. Below you’ll find other top cards for people with less than stellar credit that offer rewards as well. We hope you can benefit from these three examples of rewards cards available to those with lesser credit:

Credit One® Platinum VISA® Cash Back Rewards Credit CardEarn 1% cash back on groceries and gas purchases while enjoying a relatively low APR (15.65% to 24.15% based on creditworthiness). Cash advances carry a slightly higher rate (17.90% to 25.15%). A "soft" credit pull is used for pre-qualification, meaning that you can check out your card options without getting dinged on your credit score. Alerts are available via e-mail or text, whichever you prefer.

The downside is an annual fee, anywhere from $0 to $99 depending on your creditworthiness with a cap of $75 in the first year. However, if your credit is still in good enough shape to warrant the lower rates and annual fee and you tend to carry a balance, this card is a great choice.

Credit One® Rewards Credit Card This offering from the CreditOne line can help build your credit through regular reporting to all three credit bureaus. Accounts are monitored for opportunities to increase your credit. Custom e-mail and text alerts can remind you of payment due dates or low account balances, helping you keep up regular payments. Meanwhile, you still get 1% cash back on gas and grocery purchases, along with zero-dollar fraud liability that protects you in the case of unauthorized charges.

The same potential for a low rate and a low annual fee applies here, just as it does with the Platinum Card above.

In this credit range, you constitute a greater risk to the card issuer, so read the terms carefully and expect some potential areas of concern in exchange for those rewards. Check all potential fees and penalties, and assess your likelihood of incurring those penalties. One card may provide you with a better safety margin than another based on your habits.

With time, diligence, and good spending and saving habits, you can leverage these cards to help you rebuild your credit and minimize your financial stress. However, we can't overemphasize the need for diligence. Rebuilding your credit is analogous to rebuilding the engine in your car. The more times you have to do it, the more it is going to cost and the longer it will take — and eventually you may not be able to rebuild it at all. Make the most of your second chance.

If you want more credit, check out MoneyTips' list of credit card offers.

Disclaimer: The editorial content on this site is not provided by the companies whose products are featured. Any opinions, analyses, reviews or evaluations provided here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). This content was accurate at the time of publication, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer affiliate program.

Photo ©iStock.com/Pgiam

  Conversation   |   9 Comments

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Steffanie | 08.18.16 @ 15:19
Great information for building your credit with credit cards. Some of the cards offer some really good incentives too.
Jonathan | 08.18.16 @ 15:19
I have a Discover IT card and I love the rewards ot offers!
Carla Truett | 08.18.16 @ 15:19
Thank you for the suggestions. We fall into the category with less than perfect credit scores It is nice to know there are options.
trish | 08.18.16 @ 15:20
Great options for those looking to rebuild credit.
Irene | 08.18.16 @ 15:20
Great info for people working on building their credit history
Christina | 08.18.16 @ 15:21
I have a Barclay rewards card and love it :). It's an excellent card for those looking to rebuild or build credit.
Nancy | 08.18.16 @ 15:22
A great suggestion for rebuilding your credit. While some of the percentage rates are very high you do have to go through some work in order to reestablish credit.
Katie | 08.18.16 @ 15:22
We are working on building our credit right now. This information came in really handy and I am going to pass it along to my friends who are doing the same thing. Knowing what to do and how to do it is a big help!
Heather | 08.18.16 @ 15:22
These cards do sound great and I do like the rewards they offer. Just don't max them out with that interest rate.
$commenter.renderDisplayableName() | 02.19.17 @ 12:10

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