Credit cards for fair credit with high limits? If your credit rating isn’t the best, but it’s not the worst in the world either, you might fall into the honest credit category. This can present some challenges, but in this article, we’ll take a look at the best credit cards for honest, high-limit loans.
I spent the first hour of a recent trip on a rental car line. While a nearby man was teaching me some new interesting words, the customer at the counter was struggling to complete a reservation she had made months earlier.
Most companies take credit card reservations during a rental period. The security measure will be lifted after the vehicle is returned. This lady’s haul was $750, but her credit card limit was $500. She offered cash or her debit card but the clerk couldn’t accept it. She called the card issuer but couldn’t increase her limit because her account was too new. In the end, she left without any means of transportation for her journey.
Too often consumers are locked out of purchases due to low credit limits. At a time when plastic payments are the norm, shouldn’t your credit card be as flexible as you are?
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Credit Cards For Fair Credit With High Limits
The definition of fair credit varies by a credit bureau. In most cases, scores in the 600s fall into the fair category. These ratings should open up rates for borrowers that are slightly better than subprime, but still a notch lower than good credit consumers.
The Capital One QuicksilverOne Cash Rewards credit card is an option that offers the best of both worlds as it allows for higher potential limits (reportedly up to $5,000) with the option to eventually upgrade to the regular Capital One Quicksilver Cash Rewards credit card with no annual fee upgrade and higher potential limits. And unlimited cashback bonuses of 1.5% put this card at the top of the fair balance package.
1. Capital One QuicksilverOne Cash Rewards Credit Card
Best “Award” Credit Cards for Honest Credit – Credit Cards For Fair Credit With High Limits
Initial credit limits vary based on creditworthiness, but Capital One® reviews all accounts after the first five months of membership. With a clean payment history during this time, the limits tend to increase and continue to increase every six months if you don’t have late payments or your credit rating isn’t declining due to external factors.
Reward cards are all the rage among consumers who want the best bang for their buck. Recent studies show that up to 86% of Americans have a loyalty card in their wallet. These numbers appear to be rising quarterly as issuers challenge each other to increase perks. Benefits are no longer reserved for applicants with excellent credit ratings.
Issuers are now making a way in the premium market for honest credit card holders with unsecured options for consumers to restore their credit history. While these cards offer decent rewards, the exact rates, fees, and credit limits will of course vary based on your credit profile. Reviews show that typical fair credit applicants for the cards listed below start with a limit of between $300 and $750 but see an increase after regular payments.
- Earn unlimited 1.5% cashback on every purchase every day
- No rotating tiers or limits on how much you can earn, and cashback doesn’t expire for the lifetime of the account. It is so easy
- Automatically qualify for a higher credit limit in just 6 months
- Enjoy peace of mind knowing you’re liable for $0 fraud, so you’re not responsible for unauthorized charges
- Help strengthen your creditworthiness for the future by using the card responsibly
- Earn unlimited 5% cashback on hotels and car rentals booked through Capital One Travel, where you can get Capital One’s best rates on thousands of travel options.
2. Capital One QuicksilverOne Cash Rewards Credit Card
- Earn unlimited 1.5% cashback on every purchase every day
- No rotating tiers or limits on how much you can earn, and cashback doesn’t expire for the lifetime of the account. It is so easy
- Automatically qualify for a higher credit limit in just 6 months
- Enjoy peace of mind knowing you’re liable for $0 fraud, so you’re not responsible for unauthorized charges
- Help strengthen your creditworthiness for the future by using the card responsibly
- Earn unlimited 5% cash back on hotels and car rentals purchased through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options.
3. Credit One Bank® Platinum Visa®
This Credit card is currently unavailable.
4. Credit One Bank® Visa® Credit Card with Cash Back Awards
Best credit cards with no annual fees for honest credit – Credit Cards For Fair Credit With High Limits
Despite the popularity of award cards, 31% of cardholders do not redeem the awards they earn. These numbers are alarming considering that many of these cards charge an annual fee to access the benefits. It’s like paying for your purchases and leaving them at the checkout.
Rewards are great if you regularly debit your account and cash it out that month. Your day-to-day expenses can add up to a small pool of savings that will build up over time – and hopefully wipe out any annual costs. If you’re the frugal type and don’t use your card outside of emergencies, you’re better off skipping the rewards and opting for a card that doesn’t charge you.
Annual fees are an annoying part of being a cardholder. It’s hard to remember when you have to pay them each year, and an unexpected $75 fee can quickly put a damper on your weekend plans.
5. Fingerhut Credit Account
- Simple application! Get a credit decision in seconds.
- Build your credit history – Fingerhut reports to all 3 major credit bureaus
- Use your line of credit to buy thousands of items from big brands like Samsung, KitchenAid, and DeWalt
- No ticket
6. Capital One Platinum Credit Card
Best “Business” Credit Card for Honest Credit – Credit Cards For Fair Credit With High Limits
The Fingerhut Fresh Start program allows consumers who are not normally eligible to obtain a line of credit through the company with no annual fee and regular increases in the line of credit. While many consumers with good credit don’t need this program, it’s a useful proposition for anyone walking the fine line between good credit and bad credit. (See full WebBank/Fingerhut Advantage Credit Account Terms and Conditions.)
Reviews from Capital One Platinum credit cardholders report multiple credit limit increases — some by as much as $1,000 at a time — within the first year of membership.
A revolving line of credit is vital to the functioning of any business today. There are unexpected expenses that tight budgets don’t always account for. Lower credit lines aren’t enough when a computer goes down or a last-minute meeting is scheduled five thousand miles away.
Don’t think your business has to be big to qualify for a business card. Some Capital One® Spark® Classic for Business cardholders say they had low expectations of approval because their business was new and their credit score was on the lower end of the fair range. Despite these hurdles, there are frequent reports of credit limits starting between $1,000 and $2,000.
- No annual or hidden fees. See if you’ve been approved in seconds
- Automatically qualify for a higher credit limit in just 6 months
- Help build your bankroll by using a card like this responsibly
- Enjoy peace of mind knowing you’re liable for $0 fraud, so you’re not responsible for unauthorized charges
- Keep an eye on your credit score with Capital One’s CreditWise. It’s free for everyone
- Access your online banking account 24 hours a day, 7 days a week from your desktop or smartphone with the Capital One mobile app
7. Capital One® Spark® Classic for Enterprise
Best “Student” Credit Cards for Honest Credit – Credit Cards For Fair Credit With High Limits
Access to credit not only helps you in an emergency but can take your business to the next level with the ability to purchase upgrades or new equipment to keep things running smoothly. For most businesses, a low line of credit just isn’t enough. Make sure each card you request fits your needs and offers the flexibility to grow with your business.
There’s nothing worse than showing up on the first day of class and finding a professor who needs several books that you know you’ll never use. However, the costs will not go away. Students spend an average of $1,168 on textbooks and materials each year. Most of this spending occurs at the beginning of the semester, increasing the need for credit at certain times of the year.
Several publishers offer student-based cards with features young consumers need. For example, some offer APR breaks based on GPA, while others offer cell phone discounts or cashback rewards for everyday needs. Take a close look at each card and decide which one works best for you.
8. Discover it® Student Cash Back
Credit Cards For Fair Credit With High Limits
INTRODUCTORY OFFER: Unlimited Cashback Match – only from Discover. Discover automatically matches all the money you’ve earned by the end of your first year! So you can charge $50 cashback to $100 or $100 to $200. There are no minimum spending or maximum rewards. Just a dollar-for-dollar match.
Earn 5% cashback every quarter on daily purchases at various locations such as Amazon.com, supermarkets, restaurants, and gas stations, and when paying with PayPal up to the quarterly maximum if you activate it. You will also automatically receive unlimited 1% cashback on all other purchases.
- No creditworthiness is required for the application.
- No annual fee and you build your bankroll responsibly.
- 0% introductory APR on purchases during 6 months, then standard variable purchase APR of 14.49% – 23.49% applies.
9. Capital One Quicksilver Student Cash Rewards Credit Card
- Earn unlimited 1.5% cashback on every purchase every day
- Limited Time Offer: Earn $100 when you spend $100 in the first three months
- Enjoy no annual fees, overseas transaction fees, or hidden fees
- No rotating categories or sign-ups are required to earn cash rewards; Also, the money refund does not expire for the lifetime of the account and there is no limit to how much you can earn
- By using a card like this responsibly, you can help build your credit score
- Automatically qualify for a higher credit limit in just 6 months
10. Capital One SavorOne Student Cash Rewards Credit Card
Earn unlimited 3% cash back on restaurants, entertainment, popular streaming services, and grocery stores (excluding superstores like Walmart® and Target®), with 1% on all other purchases. Plus, earn 8% cashback on Capital One Entertainment purchases and tickets at Vivid Seats
Higher education is expensive. Adding to the cost in the classroom, pizza, beer, and pop tarts can get expensive in four years. Student credit limits often start small, but can quickly add up if handled responsibly. The most important step in building your credit score is paying on time and limiting your spending to what you can afford each month.
- Limited Time Offer: Earn $100 when you spend $100 in the first three months
- Enjoy no annual fees, overseas transaction fees, or hidden fees
- No rotating categories or sign-ups are required to earn cash rewards; Also, the money refund does not expire for the lifetime of the account and there is no limit to how much you can earn
- By using a card like this responsibly, you can help build your credit score
- Automatically qualify for a higher credit limit in just 6 months
Higher Credit Scores Mean Higher Limits
Many consumers easily believe that they are locked into lower credit limits because they have a compromised or impaired credit profile. The transition to good – and ultimately excellent – credit takes time, but it is doable. Credit card issuers face stiff competition from banks and third-party companies like Paypal. To earn your business, cards are created to meet the needs of the full range of loan seekers.
Higher limits also increase your purchasing power and help improve your credit score over time. Issuers such as Capital One® make it easier to apply for credit limit increases with a simple questionnaire on the online portal that can be filled out as often as you like. However, limit increases are typically only given about every six months after an introductory increase and often require a tough credit search.
If you’ve read this far, it’s clear that you’re serious about improving your financial well-being. This commitment pays off over the long term through credit line increases, giving you the security and peace of mind you need when emergencies arise. It also protects you from grumbling old men who invent new swear words every time the queue at the rental desk slows down.