You're planning for your next trip, but there's one thing holding you back - fair credit. Fear not, fellow travelers! Having fair credit doesn't have to deter you from going on an adventure. In fact, there are travel credit cards specially designed for those with fair credit. Let's explore the exciting world of travel credit cards for fair credit and find the perfect one that will have you packing your bags and jet-setting in no time.
Travel Credit Cards For Fair Credit Table of Contents
Finding the Right Travel Credit Card for Fair Credit
If you have fair credit, it’s important to know what to look for and which travel credit cards cater to your unique situation. Here are some factors to consider:
- Annual fees – Try to find a card with no or low annual fees.
- Rewards program – Aim for a card that offers a simple and easy-to-understand rewards program, with no caps and minimal restrictions on redeeming rewards.
- Acceptance – Prioritize cards with a wide acceptance rate around the world.
- Additional benefits – Look for cards that offer extra perks, like travel insurance, purchase protection, or discounts on travel-related purchases.
Top Travel Credit Cards for Fair Credit
Here are some of the best travel credit cards for fair credit, each with its unique pros and cons:
1. Capital One QuicksilverOne Cash Rewards Credit Card
- Annual fee: $39
- Rewards: Earn 1.5% cash back on all purchases.
- Benefits: No foreign transaction fees, travel accident insurance, and extended warranty protection.
- Minimum credit score: 580+
2. Discover it® Miles Credit Card
- Annual fee: $0
- Rewards: Earn 1.5 miles per dollar on all purchases.
- Benefits: No foreign transaction fees, free FICO credit score access, and miles matched at the end of the first year for new cardmembers.
- Minimum credit score: 580+
3. Credit One Bank® Platinum Visa® for Rebuilding Credit
- Annual fee: $75 for the first year, then $99 annually (billed monthly at $8.25).
- Rewards: Earn 1% cash back on eligible purchases.
- Benefits: Monthly credit score access, purchase protection, and opportunities for credit line increases.
- Minimum credit score: 580+
4. Bank of America® Travel Rewards Credit Card for Students
- Annual fee: $0
- Rewards: Earn 1.5 points per dollar on all purchases, with no cap on points earned.
- Benefits: No foreign transaction fees, 0% introductory APR for the first 12 billing cycles, and a sign-up bonus of 25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days.
- Minimum credit score: 600+
Travel Credit Cards For Fair Credit Example:
Suppose you plan on going on a three-week vacation to Europe and you have a fair credit score of 620. You decide to apply for the Discover it® Miles Credit Card, as it offers 1.5 miles per dollar on all purchases, no annual fee or foreign transaction fees, and matches your miles at the end of your first year.
During your trip, you spend $3,000 on various expenses like hotels, dining, and shopping. With your Discover it® Miles Credit Card, you earn a total of 4,500 miles. Because it’s your first year, Discover also matches those 4,500 miles, giving you a total of 9,000 miles to redeem on future travel purchases.
And there you have it - travel credit cards for fair credit do exist, and they're just waiting for you to start earning rewards on your next great adventure. Remember to choose wisely, as the perfect card for you depends on your spending habits, desired rewards, and additional benefits. Now that you’ve been armed with this valuable knowledge, it's time to start planning that dream trip and racking up those miles and points.
If you found this article helpful, don't forget to explore Flik Eco's other guides on personal finance and investing. And of course, share the wealth of information with your friends and fellow travelers! Because at the end of the day, who doesn't want to travel smart and save money along the way? Safe travels!
