Advertiser Disclosure: ValuePenguin is an advertising-supported comparison service which receives compensation from some of the financial providers whose offers appear on our site. This compensation from our advertising partners may impact how and where products appear on our site (including for example, the order in which they appear). To provide more complete comparisons, the site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer.
Having an average or fair FICO score (670–699) doesn't mean you can't get your hands on some amazing credit cards. If your score has climbed to the upper 600s, you can get your first taste of credit cards with rewards rates of 1.5% to 2%, that is cards that will give you 1% to 2% back on your spending. Our guide will help people with average credit find the best credit cards that suit their lifestyle and goals. In order to cater to different types of consumer needs, we have divided our top picks into the following categories.
The Best Credit Cards for Fair/Average Credit in 2019 Are...
- Capital One® QuicksilverOne® Cash Rewards Credit Card: For Cash Back
- Discover it® Miles: For Travel
- Southwest Rapid Rewards® Plus Credit Card: For Airline Miles
- Discover it® Student Cash Back: For Students
- Citi Simplicity® Card: For Balance Transfers
- Capital One® Spark® Classic for Business: For Business
The cards listed here are among the best in their respective categories. In our analysis, we tried to select credit cards that fulfill each role for a broad range of spending profiles. If you are looking for a more personalized list of credit cards, jump to our tool below.
Best For Cash Back: Capital One® QuicksilverOne® Cash Rewards Credit Card
If you have an average credit score and want cash-back rewards, the Capital One® QuicksilverOne® Cash Rewards Credit Card is the way to go. There's no sign-up bonus, but you'll get a strong 1.5% cash-back rate on all purchases. We strongly recommend you only get this card if you plan to charge at least $7,800 per year. If you spend less than that, it doesn't make sense to pay this card's $39 annual fee. Normally, a bonus would offset this cost for at least several years. However, the Capital One® QuicksilverOne® Cash Rewards Credit Card doesn't offer one.
If you're actively working on improving your credit score, the Capital One® QuicksilverOne® Cash Rewards Credit Card also comes with some great features. First, you can monitor your credit score with Capital One's CreditWise program. This way you can see how your spending and credit behavior influence your score. Secondly, Capital One may give you a higher credit line after you make five monthly payments on time. This can improve your credit utilization—a major factor in your credit score. Do not confuse this credit card with the Capital One® Quicksilver® Cash Rewards Credit Card. The two have similar names, however, the Capital One® Quicksilver® Cash Rewards Credit Card is intended for people with excellent credit.
- Earn 1.5% cash back on all purchases.
- Pay a $39 annual fee.
- No bonus.
- Capital One® QuicksilverOne® Cash Rewards Credit Card Review
Best For Travel: Discover it® Miles
The Discover it® Miles is one of the best "no-annual-fee" credit cards. It awards 1.5 miles for every dollar you spend. That translates to a 1.5% rewards rate anywhere you shop. This kind of setup is ideal for most consumers who don't want to think about optimizing their rewards. Instead, this card simply gives you an above-average rate anywhere you shop. In lieu of a traditional bonus, the Discover it® Miles doubles all the rewards earned by new cardmembers at the end of their first cardmember year. That effectively gives this card a 3% rewards rate on all purchases during that time. What makes this card especially useful for travel is the lack of foreign transaction fees. When you use your card outside the U.S., most would charge you around 3% of every transaction. The Discover it® Miles waives that charge, which means you can use it anywhere you go.
- Get a 1.5% rewards rate on all purchases.
- Pay no foreign transaction fees.
- Discover doubles all the rewards earned by new cardmembers at the end of the first year.
- Discover it® Miles Review
Best For Airline Miles: Southwest Rapid Rewards® Plus Credit Card
Despite their high value, some co-branded airline credit cards—such as the Southwest Rapid Rewards® Plus Credit Card—are within the reach of consumers with average credit scores. This card, in particular, also made our overall list of best airline miles credit cards. If you get the Southwest Rapid Rewards® Plus Credit Card, this card will be a top-tier choice to keep in your wallet, even as time goes on and your credit score improves.
The sign-up bonus on this card makes it a great choice. Cardholders can earn 40,000 points after spending $1,000 on purchases in the first 3 months. Welcome offers this rewarding usually have spending requirements that are thousands of dollars higher.
- Earn 40,000 points after you spend $1,000 on purchases in the first 3 months.
- Get 3,000 bonus miles every account anniversary.
- Southwest Rapid Rewards® Plus Credit Card Review
Best For Students: Discover it® Student Cash Back
Many people with a thin credit profile tend to turn to student credit cards as an option. One of our favorites in this category is the Discover it® Student Cash Back. Cardholders earn 5% cash back on up to $1,500 in purchases each quarter when they activate set bonus categories. These categories include gas, restaurants, wholesale clubs and more. Earn 1% cash back on all other purchases. For 2019, the categories are:
|Grocery stores||Gas stations, Uber & Lyft||Restaurants and PayPal||Amazon.com, Target & Walmart.com|
For new cardmembers, Discover will also double all the cash back you earn during your first year—uncapped. This means that in the first year, the Discover it® Student Cash Back will essentially earn you at least a 2% rewards rate on all spending.
- Get a $20 statement credit each school year your GPA is 3.0 or higher for up to five years.
- New cardmembers get their cash back doubled at the end of their first year.
- Free credit tracking capabilities to monitor your credit score.
- Discover it® Student Cash Back Review
Best for Balance Transfers: Citi Simplicity® Card
If you're dealing with existing credit card debt that seems out of control, it may be worthwhile to get a balance transfer credit card like the Citi Simplicity® Card. That's because this card offers 0% intro APR on balance transfers for 21 months from the date of the first transfer. All transfers must be completed within the first four months. After the intro period the APR will be 16.99% - 26.99%* (Variable), based on your creditworthiness. It should be noted that a balance transfer fee applies ($5 or 5% of the transfer, whichever is greater). Even with the fee, if your existing balance is large enough this card could help save you a ton of money on interest charges.
- No late fees, no penalty rates and no annual fee.
- Set up your own bill payment schedule
- Citi Simplicity® Card Review
Best For Business: Capital One® Spark® Classic for Business
If you're a business owner with an average FICO credit score, the pool of available credit cards is limited. Fortunately, the Capital One® Spark® Classic for Business is a good option for people who fit this profile. You'll get a modest 1% cash back on all purchases, but as your credit score improves, you may upgrade this card to one of its more lucrative counterparts. The Capital One® Spark® Cash for Business or Capital One® Spark® Miles for Business can double the rewards rate you'll have on the Capital One® Spark® Classic for Business.
The Capital One® Spark® Classic for Business comes with some added features that can help manage your business's finances. You can add employee cards at no extra cost. And for budgeting and accounting purposes, you can download purchase records to software programs such as Quicken, QuickBooks or Excel. Capital One will also send quarterly and year-end spending reports that can help you plan your budget or organize expenses for tax time.
- Issue employee cards at no additional cost.
- Access purchase and spending data to help with accounting.
- Get 1% cash back on all purchases.
Strategy: What to Do When You Have Average or Fair Credit?
Most individuals with a FICO score below 700 are likely in the middle of their credit building journey. While getting one of the above credit cards will surely earn the best value for the time being, you'll want to continue to build your credit history in order to get even better credit cards and maximize your savings. There are many ways to earn a good or excellent credit score, but the most important one is making on-time payments. Pay your credit card bills in full and on time every month, and your FICO score is bound to climb. One way to help remind you to make the payment is to set up alerts or reminders on your cell phone or through your email.
Once you have that step down, you can look at all the different factors that affect your credit score. Try to identify the bottlenecks that are preventing you from hitting those 700s. If you're taking all the right steps, the best thing you can do now is to wait. You may have heard that building credit is a marathon, not a sprint—and it's true. Be patient, and eventually your score will rise.
If you are still left unsure as to which credit card is best for your individual needs, you can use our interactive tool below. By inputting your spending, we will calculate which of these credit cards will yield you the highest net rewards.