Tips to Find a Credit Card for Average Credit

Having average credit means you have a FICO score somewhere between 650 and 699. Usually people who have average scores have either missed an occasional loan or credit card payment or their debt to income ratio is high, meaning they currently have too much debt in relation to how much they make. Many people have the misconception that if their credit score is average they will not be able to qualify for a good credit card. This is simply not true.

If you have an average credit score you can still find a good credit card for average credit. You should expect to spend some time searching the internet to find the best card match for you, though, as it is a bit harder with a less-than-perfect credit score. Your goal should be to find a card that offers some or all of the following:

• No annual fee
• Some type of introductory offer like 0% interest
• Rewards, like a cash back credit card
• Low interest rate

While searching you should keep in mind that because your score is not great, you may have to settle for terms that may not be completely desirable. This could include:

• Having to pay an annual fee
• Having to choose a card with a higher than average interest rate
• Having a lower credit card limit

What You Will Want To Avoid If You Can

While people with fair credit may not qualify for the best credit card offers, you should be able to get approved for a regular credit card. Steer away from secured cards unless all other options have failed. If you do end up with a secured card, always make sure that the card company reports to all three major credit agencies so that you will be able to work on improving your credit score.

Some Cards To Consider

There are numerous cards available today for individuals who have average credit. When searching online, most sites will list what type of credit you will need to qualify for a particular card. Two card companies that offer some great options for average/fair credit holders include:

• Orchard Bank: Orchard Bank offers several great cards for those with average credit. The nice thing about Orchard Bank is that when you apply, they will examine your credit history and approve you for the best card you qualify for.
• Capital One Credit Cards: Capital One also has some other great options including their Classic Card, which offers a 0% interest introductory offer and their No Hassle Cash Rewards Card offers up to 2% cash back.

Tips For Using Your New Card To Increase Your Credit Score

Once you have applied for and received your new credit card, it can be a great tool for boosting your credit score. Use your card with care, making sure not to charge purchases you cannot afford. Additionally, pay your bill on time and in full every month. Most cards even allow you to set up an email or text reminder to come to your inbox just a few days before your bill is due.