Dreaming of jet-setting across the globe but worried your fair credit score might hold you back? Fret not! With the right travel card for fair credit, you can start exploring the world while simultaneously building your credit. Discover the top travel cards for fair credit, how they work, and how you can capitalize on them to make your wanderlust dreams a reality.
Travel Cards For Fair Credit Table of Contents
Why Use a Travel Card for Fair Credit?
Having fair credit doesn't mean you can't enjoy travel perks. In fact, using a travel card specifically designed for those with less-than-perfect credit can help you take advantage of rewards while improving your credit score. Here's why you should consider getting a travel card for fair credit:
- Accrue rewards and perks such as free checked bags, discounted lounge access, and miles or points for your purchases
- Improve your credit score as you make on-time payments and keep your balance low
- Benefit from 0% foreign transaction fees on purchases abroad
Top Travel Cards for Fair Credit
Several credit card issuers offer travel cards specifically aimed at those with fair credit or are more lenient in their approval process. Let's explore the best options out there:
1. Capital One QuicksilverOne Cash Rewards Credit Card
- Earn unlimited 1.5% cash back on all purchases
- Access to a higher credit line after making your first 5 monthly payments on time
- No foreign transaction fees and travel accident insurance included
- $39 annual fee
2. Discover it® Miles
- Earn unlimited 1.5x miles on all purchases
- Discover will match all miles earned in your first year, essentially doubling your rewards
- No annual fee, no foreign transaction fees, and flexible redemption options
- Get a free FICO credit score on your monthly statement
3. Credit One Bank® Visa® for Rebuilding Credit
- Earn 1% cash back rewards on eligible gas, grocery, and mobile phone service purchases
- Automatic reviews for credit line increases
- No foreign transaction fees and includes travel accident insurance
- Annual fee varies between $0 and $95 for the first year, and between $0 and $99 after that, based on your creditworthiness
Travel Cards For Fair Credit Example:
Let's say you are planning a two-week trip to Europe next year. You've been saving diligently but your credit score is just shy of 650. Here's how choosing a travel card for fair credit may help:
- Apply for the Discover it® Miles card and get approved with your fair credit score.
- In the months leading up to your trip, use your card for everyday purchases, accumulating miles and increasing your credit score by making on-time payments and keeping your balance low.
- By the time your trip comes around, you've earned a substantial amount of miles. You can redeem these miles for travel expenses such as plane tickets, hotel stays, and car rentals.
- While you're traveling, you won't have to worry about foreign transaction fees, meaning you can fully enjoy your European adventure without breaking the bank.
Now you know that having fair credit doesn't mean you have to miss out on travel rewards. With the right travel card for fair credit, you can improve your credit score while jet-setting around the world. So, apply for one of the top travel cards we've listed, and start earning rewards for your next grand adventure! If you found this article helpful, please share it with your friends and explore other guides on Flik Eco to get more personal finance and investing tips.
