Capital One credit cards for people with fair credit now a reality
With the credit card industry loosening its norms to a certain extent, people with fair credit have a chance of availing credit cards with favorable terms. A number of banks are coming up with exclusive deals just for people who fall under this segment. Unlike in the past, where most of them were limited to choosing between secured credit cards and prepaid cards, today there are a lot more options in terms of unsecured credit cards.
Of all the banks that offer credit cards for people with fair credit, Capital One takes the cake with three different cards under this category. The Standard Platinum Credit Card (OFFER EXPIRED) from this bank is one such card that waives off the annual fee of $19 for the first year. The interest rate on the card is variable and starts from 24.9% onwards. Consumers get the option of personalizing this card with the image of their choice.
The No Hassle Rewards® Card (OFFER EXPIRED) is another offering by this company for consumers with fair credit scores. Card holders can enjoy 2 percent cash back when they use this card to purchase groceries and fuel. Every other purchase entails them to 1 percent cash back. There are select 300 outlets in the country that offer 15 percent cash back to customers who use this card to pay for their purchases. The card carries an annual fee of $39 and the interest rate varies between 17.9 percent and 22.9 percent.
The Classic Platinum Credit Card (OFFER EXPIRED) is the third card by Capital One under this segment. This card also has a $39 annual fee which is not waived off for the first year and the interest again varies between 17.9 percent and 22.9 percent.
Latest Fair Credit Credit Card News
It is no secret that the employers’ goal is to find a responsible and reliable candidate. And since a good credit history is one of the indicators of trustworthiness, HR specialists of some companies can check potential employees’ credit reports. Sometimes, credit checks may also be conducted by your current employer in case they are giving you a promotion. But the question is whether you should worry if your score is less than perfect.
Once your credit score crossed the “fair” line, on the one hand, you may feel a sense of relief, since you finally got out of bad credit. On the other hand, good credit may still seem so distant.
The new Apple Card credit card has already managed to make a stir. If you are among those who have thoroughly studied all its main features, who fall asleep and wake up dreaming of the 3% cash back* and are counting days till the card’s release this summer, then you must have one more question – “Can I qualify for it?”
It’s hard to imagine life without credit cards or loans these days. Everyone around participates in the race for a good credit score. It is as important for us as nothing else, that’s why you should start building it as early as possible.
No one likes being in debt, but a recent study from Fidelity showed that having high levels of credit card debt, medical bills, student loans, and other financial stressors could actually be hazardous to your heath. Not only that, but being in debt can actually sap workers of productivity, preventing them from doing the very thing that could help them climb out of debt: excel at work.