Best Credit Cards for Fair and Average Credit for 2023
As we enter 2023, many individuals are on the lookout for the best credit cards to help them manage their finances, especially those with fair or average credit. With plenty of options available, it can be overwhelming to determine which card offers the best benefits and rewards suited to your needs. To help you navigate through the sea of options, here are some of the best credit cards for fair and average credit available in 2023.
1. Capital One QuicksilverOne Cash Rewards Credit Card
This card offers unlimited 1.5% cash back on every purchase with no minimum required to redeem. The QuicksilverOne is tailored for users with average credit scores and comes with a $39 annual fee. Additionally, it offers fraud coverage and travel accident insurance.
2. Discover it® Secured Credit Card
With no annual fee, Discover it® Secured Credit Card serves as an excellent option for individuals looking to build or improve their credit score. It requires a security deposit but has an appealing cash back program that offers 2% cash back at gas stations and restaurants (on up to $1,000 in combined purchases each quarter) and unlimited 1% cash back on all other purchases. Discover will also match all the cash back you’ve earned at the end of your first year.
3. Petal® 2 “Cash Back, No Fees” Visa® Credit Card
The Petal® 2 Visa card is an ideal option for those seeking a no-annual-fee card with a straightforward rewards program. This card offers up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments and includes access to higher credit limits without requiring a security deposit.
4. Opensky® Secured Visa® Credit Card
For users aiming to establish or rebuild their credit, Opensky® Secured Visa® Credit Card is a good fit. This card doesn’t necessitate a credit check for approval and requires a security deposit. Although it has an annual fee of $35, it reports to all three major credit bureaus, helping cardholders improve their credit scores over time.
5. Credit One Bank® Platinum Visa® for Rebuilding Credit
This Credit One Bank® Platinum Visa® is specifically designed to help rebuild credit, providing benefits like 1% cash back on eligible purchases and access to higher credit lines upon timely payments. It charges an annual fee of $75 for the first year and $99 after that (billed monthly).
No matter your financial goals for 2023, the key to finding the right credit card lies in understanding your present credit score and choosing the one with benefits and reward structures aligned with your objectives. Whether it’s building or improving your credit score or earning cash back rewards on purchases, these top five options for fair and average credit users offer a great starting point in securing the ideal credit card tailored to your needs.