If you have fair credit, you can find a card that suits you well. There are many choices, from the Unsecured Business credit card to the Upgrade Cash Reward Visa(r) card. Which one is best for you? Learn more. In this article, we'll cover what you need to look for in a credit card. We'll also cover what you should expect from each card. These cards are the best for those with good credit and can help improve your credit score.
Unsecured Business Credit Card
Although it can be difficult for small businesses to obtain unsecured credit cards, they can be much easier to get approved. This type of card is reported to credit bureaus as payment activity. Some report to only business credit bureaus while others report to both personal and business credit agencies. This can be avoided by monitoring your credit score at least once a quarter. Once you have improved credit scores, you can apply online for an unsecured business credit card.
Many unsecured credit cards for business offer rewards programs and higher limits. Although they are easier to obtain if you have good personal credit, they can be abused, especially if they offer higher limits. Cardholders may overspend because of the higher interest rates. If you're concerned that you'll be tempted to spend more than you earn, consider a secured business credit card instead. As long as you manage your spending responsibly, you'll be in business for a long time.
Capital One Platinum Credit Card
Capital One Platinum Credit Cards may be right for you if your credit score isn't as high as it should be. With no annual fee and no security deposit, this card lets you build a credit history. The card has no annual fees, which makes it simple to manage your finances and build credit. In six months, you could be considered for a higher credit line. If you have good credit and want to improve your credit score, this credit line may be right for you.
This basic unsecured card has no annual fee and a higher credit limit after six month, making it an attractive alternative to secured cards. It doesn't have a rewards plan and has a very high interest rate. Capital One Platinum Credit Card is for people with fair credit. It's designed to allow those with less than perfect credit to start building a credit history. To be approved, your FICO credit score must be at least 580. However, if your credit score is between 580 and 620, you can be approved.
Petal 2 card
Petal 2 credit cards offer a 1% cashback rate for all purchases. After six or 12 consecutive monthly on-time payments, your rate increases to 1.25%. Additional 10% can be added for purchases made at select merchants. The petal2 card is unsecured, meaning you do not need to deposit any money to open an account. There are some drawbacks to the card, including a high annual percentage rate.
Petal is designed for people with low credit scores. If you have missed payments in the past, it will affect your preapproval decision. This shouldn't prevent you from applying to Petal 2 cards. Bad credit people have many options. You don't need to choose the Petal 2 credit line if you have bad credit.
Upgrade Cash Rewards Visa(r)
A credit card called the Upgrade Cash Rewards Visa rewards consumers who make their payments on time. It allows consumers with excellent credit to earn 1.5% cash back on all purchases. It doesn't have an annual fee or security deposit and reports on the timely payments to all major credit bureaus. For consumers with average to poor credit, it may be too high of an interest rate. Applicants with good to excellent credit can opt for other options that offer 0% intro APR and lower APRs.
Upgrade Triple Cash rewards Visas come with a minimum credit limit of $500. This credit card comes with a credit limit of at least $500. Your income and credit scores may affect your credit limit. Credit limits can be used for large purchases. You can also pay it off slowly. Cash advances are not allowed on this credit card. You must have a steady income to qualify for this type of credit card.