1.Virgin Money All Round Credit Card
Virgin Money
- 1%Cashback for the first 90 days
- 0.25%Cashback after the first 90 days
Earn 1% cashback for the first 90 days. 0.25% cashback after that.
Earn cashback on spending for the first 90 days and 0.25% thereafter.
27.9% Variable APR
The Virgin Money All Round Credit Card stands out as the top choice because it offers a long 0% interest period on both purchases and balance transfers, making it ideal for those looking to manage their spending without incurring interest.
Pros:
- 0% interest on purchases for up to 16 months
- No annual fee
Cons:
- Cashback capped at £15 per month
- Variable APR can be high
2.Lloyds Bank Ultra Credit Card
Lloyds Bank
- 1%Cashback on all purchases for the first year
- 0.25%Cashback on all purchases after the first year
1% cashback on all purchases for the first year, then 0.25%.
Earn 1% cashback on all purchases in the first year, dropping to 0.25% thereafter.
12.9% Variable APR
What sets the Lloyds Bank Ultra Credit Card apart is its straightforward cashback structure, offering 1% on all purchases for the first year, making it a strong choice for those who want to maximize their rewards without incurring fees.
Pros:
- No foreign exchange fees
- No monthly account fees
Cons:
- Cashback drops significantly after the first year
- Limited rewards structure
- No rewards breakdown available
No foreign transaction fees and no ATM withdrawal fees abroad.
N/A
23.9% Variable APR
The standout feature of the Halifax Clarity Credit Card is its lack of foreign transaction fees, making it an excellent choice for travelers who want to avoid extra charges while spending abroad.
Pros:
- No foreign transaction fees
- No ATM withdrawal fees abroad
Cons:
- Limited cashback rewards
- Interest on cash withdrawals from day one
4.Barclaycard Rewards Visa Credit Card
Barclaycard
- 0.25%Cashback on eligible purchases
0.25% cashback on everyday spending.
Earn 0.25% cashback on eligible everyday spending.
28.9% Variable APR
This card shines for its simplicity and ease of use, providing a straightforward 0.25% cashback on everyday purchases without any foreign transaction fees, making it a practical choice for international travelers.
Pros:
- No fees abroad
- Purchase protection over £100
Cons:
- Low cashback rate
- No welcome bonus
- No rewards breakdown available
Up to 25 months of 0% interest on purchases.
N/A
24.9% Variable APR
A key differentiator of the TSB Platinum Purchase Credit Card is its extended 0% interest period on purchases, making it an excellent option for those looking to finance larger purchases without incurring interest.
Pros:
- Long 0% interest period
- No annual fee
Cons:
- No cashback or rewards
- Interest applies after promotional period
Final Words
In summary, when selecting the best credit card for fair credit, you should focus on the features that align with your financial needs, such as interest rates and rewards. Take time to compare your options carefully, ensuring you make an informed decision that supports your financial goals.
Frequently Asked Questions
The Virgin Money All Round Credit Card offers a welcome bonus of Earn 1% cashback for the first 90 days. 0.25% cashback after that.
With the Lloyds Bank Ultra Credit Card, you can earn a welcome bonus of 1% cashback on all purchases for the first year, then 0.25% thereafter.
The Halifax Clarity Credit Card does not offer any cashback rewards; however, it features no foreign transaction fees and no ATM withdrawal fees abroad.
Yes, there are several credit cards designed for individuals with fair credit. These cards often have lower eligibility requirements and may offer cashback rewards or no annual fees to help improve credit scores.
When selecting a credit card for fair credit, consider factors such as annual fees, APR rates, rewards programs, and the welcome bonuses available. It's also advisable to review the card's terms and conditions to understand any fees associated with late payments or cash advances.
To enhance your chances of credit card approval, maintain a good payment history, reduce your credit utilization ratio, and check your credit report for errors. Additionally, applying for cards specifically designed for fair credit can increase your likelihood of approval.
No, the Virgin Money All Round Credit Card has an annual fee of £0, making it a cost-effective option for users looking to earn cashback.
