When you have a fair credit score, it is not that easy to get a no yearly fee credit card. That, however, does not mean that you have to pay an enormous annual fee to get one.
There are a few credit cards that can provide you with access to credit without paying the annual fee. We will share with you ten such credit cards that are suitable for fair credit score applicants and do not charge any annual fee.
Once you go through the detailed guide, choosing from these ten cards will also become easier.
The 10 Best No Annual Fee Credit Cards For Fair Credit
1. Jasper Cash Back Mastercard
Jasper Cash Back Mastercard has become famous for its 6% cashback if you refer friends successfully. Initially, you will get 1% cashback. After that, when you refer friends, you can get 3% cashback. It can increase to 6% as well.
With no yearly fee, you will not have to pay any charges annually.
Also, the APR ranges from 15.49% to 24.99%.
Also, when you get approved for the card, you get a $100 signup bonus. It comes in the form of a statement credit.
The app allows you to manage your credit card easily. That is why tracking your expenses and paying bills is undoubtedly possible.
The auto payment mechanism ensures that you will never miss a payment.
With many different features on offer and approval for individuals with fair credit scores, make it a good choice.
- App-based tracking on offer
- Up to 6% cashback
- Easy approval process
- $100 signup bonus
- Auto payment on offer
2. Capital One Platinum Credit Card
Certain credit cards only provide you with approval for fair credit score individuals and a higher credit line.
The credit card that we are speaking about now is one such credit card. If you display your creditworthiness, you will get an upgrade in just six months. That is why, if you need a credit card that can provide you with quick upgrades, you can go with this one.
With fraud coverage, you need not worry about paying for any illegitimate charges.
Along with that, it does not charge any annual fee.
You can access your credit card details through the bank account or smartphone using the mobile app. The choice is yours.
The contactless card payment mechanism means that it is entirely safe to use as well.
It is one of the best cards to build your credit score as well. That is why, if you’re trying to increase your credit score from the fair range, then this card can help you out.
With a 26.99% variable APR, you can get a better deal if you’re more credit-worthy.
If you have a fair credit score and need a credit card, this credit card can come to your rescue. Not only that, the fact that it can improve your credit score is another reason why you should go for it.
- Quick credit upgrades
- Easy to monitor expenses online
- Contactless mechanism
- Helps you build a credit score
3. Upgrade Visa Card with Cash Rewards
The highlight of this credit card is that its APR starts at just 8.99%. It goes all the way up to 29.99%. The variable rate ensures that if you’re more credit-worthy, you can easily get a lower APR.
Along with that, it offers 1.5% unlimited cash back as well. It means that every time you make a purchase, you are entitled to a cashback.
Moreover, with the help of 0 annual fees, 0 activation fee, and 0 maintenance fee, you need not shell out any money for the same.
It offers no-touch payment technology as well. That is why; paying for your purchases is easy.
The qualification process or the approval process does not hurt your credit score in any way. You can know whether you are eligible for this credit card or not.
Want to use it safely?
If so, you can get access to a virtual card while your original one is in the mail. You can use the virtual card initially.
With mobile app access, it is effortless to keep track of your expenses as well.
The $0 fraud liability is another reason why you should go for it.
You cannot go wrong with such low APRs with this credit card for fair credit.
- 1.5% cashback
- $0 fraud liability
- Offers a virtual card
- Mobile app access
4. Bank of America Cash Back Secured Credit Card
The credit card we are highlighting is suitable not just for individuals with fair credit scores but also for poor credit scores. Hence, it is such a great option.
Since it is a secured credit card, you would have to make a deposit.
It offers you app access through which you can monitor your expenses.
The 23.99% fixed APR ensures that you will know the cost or the interest which you will be paying right away.
With 0 annual fee, there will be no recurring fees.
You can earn up to 3% cash back on certain purchases as well.
The minimum deposit which you need to make is $300.
You can monitor your credit score with the help of the app access on offer as well.
If you wish to build your credit score, then this credit card is a good choice.
With so many features, ignoring this credit card becomes difficult.
- Fixed APR
- Suitable for applicants with fair and poor credit score
- Helps you improve your credit score
- 0 annual fee
5. Petal 2 “Cash Back, No Fees” Visa Credit Card
The card we are highlighting is known for its 1.5% cashback on monthly payments and 1% cashback on eligible purchases. The 1% cashback is instantaneous. It reports transactions to all three bureaus. Therefore, it is easy for you to build your credit.
The no fee ensures that you can use this credit card without worrying about the fees.
The APR ranges from 12.99% to 26.99%. The low minimum APR certainly makes this card lucrative.
Moreover, it offers up to 10% cashback on certain merchants as well.
Despite approvals for poor and fair credit scores, it can provide credit limits up to $10,000. That is why; it is one of the most lucrative credit cards on offer.
Also, it does not charge you an international fee or late fee as well. That is why; it is devoid of any fees.
Thus, if you’re looking for a no-fee credit card, you can go with this option.
- No fee card
- Limits up to $10,000
- Helps you build a credit score
- App-based access on offer
6. More Rewards American Express Credit Card
The lucrative rewards program of this credit card makes it a winner. For every $1000 you spend within three months of getting the credit card, you get 10,000 bonus points.
You get 3X reward points at the restaurants and food delivery. There are various merchants where you get 3X reward points as well.
Additionally, it does not charge you any annual fee. There is no balance transfer fee and no foreign transaction fees as well. Similarly, there is no cash advance fee as well.
You can redeem the points for gift cards, travel vouchers, and cash as well.
You get roadside assistance along with this card.
The only requirement is that you should be a Navy Federal credit union member to qualify for this credit card.
The APR varies from 9.65% to 18%. The low minimum APR makes it a good choice.
Additionally, it works perfectly for individuals with fair as well as good credit scores.
With no fee and excellent rewards, you cannot ignore this credit card.
- Excellent rewards program
- No balance transfer/foreign transaction/CAD entrance fees
- Roadside assistance on offer
- Low variable APR
7. Journey Student Rewards By Capital One
The student rewards credit card, which we are highlighting now, is the easiest to get approvals for. Individuals with fair, average as well as limited credit can get approved for this credit card.
You can get up to 1% cashback on purchases. If you pay your bills on time, the rewards increase to 1.25% for that month.
You can get $5 per month on certain streaming services after 12 months.
There is no fee and no foreign transaction fee. That is why; you can use this credit card without having to worry about any kind of fees.
The credit card reports to all bureaus as well. That is why; building credit score is certainly possible.
It allows you to pick your payment date as well.
Moreover, if you’re creditworthy, you can get a higher credit limit in just six months as well.
The 26.99% variable APR is another reason to go with it.
The quick update, as well as excellent credit score, makes it a winner.
- Up to 1.25% rewards
- Discount on streaming services
- Allows you to pick your due date
- Easy upgrades
8. Wells Fargo Platinum card
Wells Fargo Platinum card stands out because of the 0% introductory APR for the 1st 18 months. That is why; it is suitable for balance transfers as well.
Ideally, your credit score should be good for getting approval. However, the bank is known to approve individuals with fair credit scores but steady income. That is why; if you have a fair credit score and a steady job, you can get the approval.
The APR varies from 16.49% to 24.49%.
Additionally, there is no fee.
Since it reports the credit score, it is good enough for building credit as well.
With $600 protection on your cell phone when you go with this card, any cell phone damage is covered as well.
With email alerts, notifications, and text alerts, monitoring your spending is undoubtedly easy.
You can use this credit card to budget your month as well. There are tools that you get access to once you get this credit card.
Thus, if you’re looking for a credit card that allows you to manage your spending, this is a reliable one.
- Introductory APR on offer
- $600 cell phone protection
- Helps you monitor your spending
- Easy and quick notifications on spends
9. Deserve Classic Mastercard
The highlight is that it is suitable for fair, poor, and bad credit score individuals.
It is a great card to build up your credit score as well. It reports to the bureaus, and that is why you can build up your credit.
The $0 annual fee is another reason to go for it. The variable APR is around 22.99%.
The 0 foreign transaction fee means that you can use it anywhere.
You get ID theft protection as well, which certainly is a welcome feature to have.
With the help of worldwide 24-hour assistance, you can contact MasterCard easily if you need any help.
Thus, if you’re looking for a card that offers ID theft protection, does not charge any annual or foreign transaction fee, and is suitable for applicants with a fair credit score, this one meets all the requirements.
- No foreign transaction or annual fees
- Round-the-clock customer support
- ID theft protection on offer
10. BankAmericard Credit Card for Students
With an 18 billing cycle 0% APR, this card is perfect for balance transfers or big initial purchases.
The introductory $0 fee ensures that there is no need to pay annual fees once you opt for this card during this time.
It is available to all individuals who currently have a Bank of America account. Whether you have an average credit score, you can get approval easily.
The APR can vary from 12.99% to 22.99%.
You can easily monitor the spending on this card through your bank of America bank account.
Thus, when searching for a credit card with no fee and an introductory APR for balance transfers, this one meets the requirement.
- 18 billing cycle 0% APR
- Easy to monitor expenses
- Low APR
Thus, it is not difficult to find the best no annual fee credit cards for fair trade once you go through the list above. Before you choose one, take a look at the guide below. It will help you choose from these ten cards.
How To Choose The Best No Annual Fee Credit Cards For Fair Credit?
While comparing these ten credit cards, you should consider parameters like:
While all these credit cards have no yearly fee, you have to look at the other fees like foreign transaction fees, balance transfer fees, etc.
It should be nil or as low as possible. Only then can you opt for that credit card.
The APR rate should either be variable or should be as low as possible. It becomes easier to reduce the interest charges which you pay.
If possible, you should go with a credit card that offers rewards or cashback, or loyalty points. When that is the case, you can make up to 1% of your monthly spending.
• Ease of tracking
Ideally, you should be able to track your credit card spends quite easily. If it offers app access to text alerts or email alerts, that is undoubtedly an advantage.
When you compare the above ten credit cards on these parameters, it becomes easier to choose the best one.
Frequently Asked Questions (FAQ)
What is a fair credit score?
A fair credit score is from 580 points to 669 points. If you have a credit score within this range, you can apply and get approved for the cards we highlighted above.
Should you be satisfied with a fair credit score?
It is always a good idea to improve your credit score if you’re in the fair range. While you might get a credit card, the limits will be on the lower side. You might get denied for other bank or mortgage products with such a credit score. That is why; you shouldn’t be satisfied with the fair credit score and try to improve it as soon as possible.
Thus, just because you have a fair credit score does not mean that you cannot get a credit card. Not only that, you can get credit cards with no yearly fees as well.
Rather than hopping on from one bank website to another to find out about such credit cards, you can go through our list above. We have curated the best no annual fee credit cards for fair credit above. Once you choose any from the list, getting approval is easy. It is time to now enjoy an easy transaction experience by selecting any of these credit cards.