Should You Worry about Having a Fair Credit Score?

Tuesday, July 2nd, 2019
Updated: July 2nd, 2019
The content is accurate at the time of publication and is subject to change.

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.

Of course, having fair credit you are not yet to count on getting the lowest fees and APRs or amazing rewards and sign-up bonuses. But at least you can praise yourself for putting your finances in order. Now issuers will estimate your creditworthiness as a more trustworthy. Thus, it will be much easier to get approved for credit now.

According to the FICO score range, a 300-639 score is considered bad, a 640-699 score is fair, a 700-749 score is good, and a 750-850 score is excellent. As follows from the Fico.com research, the average Fico score for April 2018 was between 659 and 747, depending on the age. The older a person is, the higher their score. It may turn out surprising but most people under 50 have only a fair score.

Therefore, you have no cause for concern. Be sure that even with this score type, you are able to find a worthwhile credit card offer. For example, Discover allows to apply for such credit cards as the Discover it® Cash Back, the Discover it® Miles, the Discover it® chrome, the Discover it® Balance Transfer, and the NHL® Discover it® starting from 670 credit score.

However, all this doesn’t mean you should get stuck on the fair score when you are two steps away from good credit. Fair credit should become an incentive for you to make the next move and elevate your credit. If higher credit limits, better rates, and numerous perks are something you are craving for, then just don’t stop.

Try to follow healthy credit habits. Always pay your bills on time, bar from overspending, and do not apply for too many credit cards or loans. After all, fair credit is not the end of the world. But it shouldn’t become your final destination. Step by step, you will make your financial goals a reality.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Fair Credit Credit Card News

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Friday, April 5th, 2019

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.

Wednesday, August 29th, 2018

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.

Tuesday, February 27th, 2018

Coffee drinkers are in for a treat with the new Starbucks Rewards Visa card, a co-branded credit card for folks who love coffee – and credit card rewards.
Whether you have fair credit, are just starting to build a credit score, or already have good credit, you can apply for the new Starbucks Rewards Visa card from Chase. The card is integrated directly into the Starbucks Rewards customer loyalty program, so it’s easy to redeem rewards. The card is accepted worldwide everywhere that accepts Visa, and rewards can be redeemed for free drinks and snacks at over 8,000 Starbucks locations around the globe.

Wednesday, September 13th, 2017

J.D. Power’s latest customer satisfaction survey brings good news for American Express cardholders – but they might already be aware of it. Not only did Amex score the highest for great customer service, they outpaced the industry average by 33 points to score the highest they ever have since the study was launched in 2007.

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