Travel Credit Cards for Fair Credit: A Guide to Finding the Best Options
If you have fair credit, you may think that travel credit cards are out of reach. However, there are options available that can help you earn rewards and save money on your travels. In this guide, we’ll explore the best travel credit cards for fair credit and how to choose the right one for your needs.
What is Fair Credit?
First, let’s define fair credit. Fair credit is typically considered to be a credit score between 580 and 669. This is not a bad credit score, but it’s not great either. It means that you may have some negative marks on your credit report, such as missed payments or high credit utilization, but you still have the potential to improve your score.
Why Choose a Travel Credit Card?
Travel credit cards are a great way to earn rewards and save money on your travels. Many travel credit cards offer sign-up bonuses, which can be worth hundreds of dollars in travel credits or points. Additionally, travel credit cards often offer perks such as free checked bags, priority boarding, and airport lounge access.
Best Travel Credit Cards for Fair Credit
1. Capital One QuicksilverOne Cash Rewards Credit Card
The Capital One QuicksilverOne Cash Rewards Credit Card is a great option for those with fair credit. It offers 1.5% cash back on all purchases, with no limit on how much you can earn. Additionally, there is no annual fee and you can earn a $150 cash bonus after spending $500 in the first three months.
2. Discover it Miles
The Discover it Miles card is another great option for those with fair credit. It offers 1.5 miles per dollar spent on all purchases, with no limit on how much you can earn. Additionally, Discover will match all the miles you earn in your first year, effectively doubling your rewards. There is no annual fee and no foreign transaction fees.
3. Capital One Platinum Credit Card
The Capital One Platinum Credit Card is a good option for those who are just starting to build their credit. It offers no annual fee and no foreign transaction fees. While it doesn’t offer rewards, it can help you build your credit and eventually qualify for a travel credit card with better rewards.
How to Choose the Right Travel Credit Card for You
When choosing a travel credit card, there are a few things to consider. First, look at the rewards program and make sure it aligns with your travel goals. If you prefer to stay at hotels, look for a card that offers hotel rewards. If you prefer to fly, look for a card that offers airline rewards.
Additionally, consider the annual fee and any other fees associated with the card. Make sure the rewards you earn outweigh the fees you pay. Finally, look at the perks offered by the card, such as free checked bags or airport lounge access, and decide if they are worth it to you.
In conclusion, travel credit cards are not out of reach for those with fair credit. By choosing the right card and using it responsibly, you can earn rewards and save money on your travels. Consider the options listed above and choose the one that best fits your needs and goals. Happy travels!