If you have fair credit, you can find a card that suits you well. There are many options, including Unsecured Business Credit Cards and the Upgrade Cash Rewards Visa(r). Which one is right? You'll find out in this article. We will explain what you need to know about credit cards. We will also discuss what you can expect from each type of card. These cards are the best for those with good credit and can help improve your credit score.
Unsecured business credit cards
Although it can be difficult for small businesses to obtain unsecured credit cards, they can be much easier to get approved. The payment activity for this card type is reported to credit agencies. Some report to only business credit bureaus while others report to both personal and business credit agencies. It is important to keep an eye on your credit scores every quarter. Once you have improved credit scores, you can apply online for an unsecured business credit card.
Many unsecured business credit cards offer rewards programs and higher spending limits. Although they are easier to obtain if you have good personal credit, they can be abused, especially if they offer higher limits. Cardholders can overspend due to the higher interest rates and rewards programs. You might be more inclined to spend than you earn if you have a secured business card. As long as you manage your spending responsibly, you'll be in business for a long time.
Capital One Platinum Credit Card
Capital One Platinum Credit Cards may be right for you if your credit score isn't as high as it should be. This card allows you to build credit history and has no annual fee or security deposit. The card has no annual fees, which makes it simple to manage your finances and build credit. You could be eligible for a higher credit limit in six months. If you have a great credit score and want to improve it, then this credit card is the right one for you.
This basic unsecured card is free of annual fees and has a higher credit line after six monthly. This makes it a viable alternative to secured or unsecured cards. It doesn't have a rewards plan and has a very high interest rate. Capital One Platinum Credit Card is for people with fair credit. It's designed to allow those with less than perfect credit to start building a credit history. To be approved, you will need a FICO credit score greater than 580. You can still be approved if you have a credit score between 580-620.
Petal 2 card
Petal 2 credit card provides a 1% cashback on all purchases After six or 12 consecutive monthly on-time payments, your rate increases to 1.25%. Additional 10% can be added for purchases made at select merchants. Petal2 cards are unsecured. This means that you don't need to make any deposits to open an account. The card comes with a few disadvantages, including a high rate of interest.
Petal is for those with poor credit histories. As such, you will have to pay more preapproval fees if you miss payments. However, this shouldn't stop you from applying for a Petal 2 card. Bad credit borrowers have several options. The Petal 2 credit card is the best option for you, if your credit score is not good. However, you should still consider other options.
Upgrade Cash Rewards Visa(r)
A credit card called the Upgrade Cash Rewards Visa rewards consumers who make their payments on time. This card allows people with excellent credit to earn 1.5% cashback for every purchase. It has no annual fee or security deposit, and reports on-time payments to all three major credit bureaus. It may not be appropriate for consumers with poor to average credit. Candidates with good credit or excellent credit may be eligible for lower APRs and a 0% intro rate.
Upgrade Triple Cash Rewards Visa has a credit limit of at least $500. This credit line is guaranteed to offer this amount. However, the credit limit can increase or decrease depending on your income and credit rating. The credit limit can be used to make large purchases and then paid off over time. You cannot use the credit card to obtain cash advances. To be eligible for this credit card, you must have steady income.