Fair Credit Cards FAQS

June 09, 2018
A new credit card will most likely lower your credit score, not considerably though. First of all, when you open a new credit card, you lower your average credit age, which makes 15% of your credit score. Second, a hard inquiry will be placed on your credit report. Inquiries make 10% of your credit score and may cost you a few points. And the last thing that will change is your credit utilization ratio. If you are not planning to put a big purchase on your new credit card, then your credit utilization ratio should go down, which is good for your credit score. However, if you are planning to make a big charge to your newly approved credit card, then it will go up, which can hurt your credit...
February 28, 2018
Most co-branded credit cards like Speedway credit card won't require you to have excellent credit to qualify. It is often enough to have fair credit to get such card. However, if you want to apply for this card simply because of rewards it gives, you may want to skip this offer and apply for their free Speedy Rewards program. You won't get line of credit but will be able to earn rewards. Also, applying for their loyalty program won't hurt your credit score. Or you can apply for a credit card for fair credit. Some of these credit cards offer rewards program.
February 27, 2018
All in all, your credit scores are considered average. To apply for a Menards credit card your credit should be good or better. If you apply for a PNC credit card with your current credit scores, your chances to qualify will be low. If you are looking for a cash back credit card, look at the cards offered to people with average credit. Some of the offers can have cash back rewards programs that may suit your needs.
February 13, 2018
Well, when it comes to credit issuers, there is one thing you always have to remember. When you apply for any credit card, not just the PenFed card, your current credit score is not going to be the only thing the credit issuer is going to check, there are several other factors they will also look into. Your current credit score will still play a very important role in the issuer deciding whether or not you will be approved for the card. I would say, as long as you have a credit score that is at least fair, you have a good chance of being approved. You can apply for one of their cards by visiting their website and following the steps to become a member of the PenFed credit union.
February 07, 2018
If you are someone with fair credit, your credit score lands you between “poor” and “good.” FICO is the most popular scoring system now. It is often used by major issuers to make an approval decision. According to the FICO credit score range, fair credit falls between 640 and 699±. If your credit score falls within this range or close to this range, then your credit can be considered fair. There are plenty of credit cards suitable for average credit. If you build your credit, you'll be able to qualify for premium credit cards and get exclusive perks and offers. ±Credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you...
April 07, 2017
In order to qualify for a card you need to have good to excellent credit history, so with fair credit you have low chances of approval. However, this is not a reason to feel down. There are plenty of credit cards suitable for average credit, and among them you can find rewards cards no worse than the Carnival card. If you build your credit, you'll be able to qualify for premium credit cards and get exclusive perks and offers.
February 25, 2017
As a rule, your credit limit is based on your creditworthiness and your credit score. However, some credit cards do not offer a high credit limit to anyone, no matter how good your credit is. Store credit cards tend to have low credit limits. If you'd like a credit card with a higher limit, you should consider applying for a regular credit card – not a store card. But before you apply, check your credit reports to see if and how your credit score's changed after you got the Overstock card. Having good credit will make a big difference in how much credit you're given. The best way to get a high credit score is to always pay your credit card monthly bill on time, every month.
Do you have a million questions jumbled up in your mind regarding credit cards and the credit card application process? Don't worry, you are not alone! Our site has been designed to be simple to use and navigate in order to eliminate any potential hassles and frustrations surrounding the credit card application process. Our experts have already taken it upon themselves to thoroughly analyze and evaluate all of the popular credit card available on the market today and have laid them out in an easy-to-understand format, touting the best features of each.

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