Credit Cards If You Have Fair to Good Credit

What is Fair Credit? It depends on the era that you were talking about. For example, pre-2008 financial crisis days, a score of about 700 thereabouts would be considered fair. But since the financial crisis, credit card issuers have been more stringent about who they approve for credit cards. From speaking to folks in the industry, it has become clear that not only do they look at FICO scores, but they also rely more on their internal credit scoring models. As an example, someone with a credit score of 700 but file bankruptcy 4 years ago would be viewed differently from someone with little credit history with a similar score.

Below are cards that are more likely to be approved if you do not have super duper credit. What credit card should you get when your credit has been steadily improving?

What you want to do is to get a couple of "main stream" credit cards. Do not be deterred by not having super excellent credit scores because credit card companies also look at your income and not just your credit history. But at the same time, due to the credit crisis, banks have become much more strict in their approval process. Below is a card that people have successfully applied for.

For a limited time only, Household Bank is offering their Household Bank Rewards MasterCard which allows you to earn 2% cash back on every purchase that you make. 2% cash back on everything is very rare indeed and you should definitely check out this card if your credit is less than perfect.

The Discover® Student Card is a really great card for college students. It has so many great features that I'm sure anyone will benefit from it. The neat feature about this card is that you can earn up to 20% rebates when you shop with their online merchant partners. This is a great starter card for college students as well.