Credit Cards For Fair Credit With $2000 Limits

There is nothing better than getting Credit Cards For Fair Credit With $2000 Limits.

Despite having a credit score in the Fair Credit range, worthwhile credit card options are still available. Some of these cards may even offer rewards. Upon approval, anticipate a modest credit line and possibly an annual fee. However, conscientious use of these cards, regardless of their limited credit limits, can enhance your credit profile.

Our comparison table shows the best Credit Cards For Fair Credit With $2000 Limits so you can choose one that meets your needs.

Not only will these cards give you the desired credit limit, but they will also improve your credit score and open up opportunities for credit cards with higher spending limits in the future.

Let’s take a closer look. 

What is A Credit Card?

A credit card is a form of payment card accepted for transactions both online and in physical retail locations. You authorize your credit card company to pay for goods or services on your behalf, promising to pay the exact amount back later.

The credit card issuer logs every purchase you make and adds it to your monthly statement. The minimum amount due is presented to you at the end of every statement cycle. You must pay the minimum payment by the due date, which is at least 21 days after the statement date.

How Does A Credit Card Work?

Credit cards are used for online and in-store purchases and for paying bills. When using a credit card for payment, your credit card information is transmitted to the merchant’s bank. As soon as the bank receives authorization from the credit card network, it begins processing the transaction. After you provide your card issuer with your information, they will either approve or decline your transaction.

If the transaction is approved, the amount will reduce your card’s available credit. Card issuers send you a statement at the end of every billing cycle with a complete listing of all your transactions for that month, your previous balance, your new balance, and your due date and minimum payment.

What Is Fair Credit?

“Fair credit” refers to a credit score of 580 to 669 on the FICO scale. You may be unable to obtain credit products due to this credit score, but the impact will be less than if you have bad credit. A low credit score may also translate to a higher interest rate or less favorable terms than a high credit score.

An individual’s creditworthiness is evaluated by lenders using the FICO scoring model. This system was developed and branded by Fair Isaac Corporation. A credit score ranges from 300 to 850, according to the system’s analysis of an individual’s credit history. It is generally believed that an individual’s creditworthiness increases with their credit score.

Top Credit Cards For Fair Credit With $2000 Limits

The following cards are available to Credit Cards For Fair Credit With $2000 Limits:

Capital One Platinum Credit Card

This Capital One Platinum Credit Card is designed for people with “fair” credit who want a simple card to build their credit profile. Since there are no rewards or other distractions, it is an excellent tool for developing responsible financial habits. 

A credit score of “good” or better makes this card unnecessary. Those who carry a balance on their credit card from month to month are also not a good choice due to their extremely high ongoing annual percentage rate (APR). It doesn’t have many frills, but it does not charge an annual fee and can help you build credit. 

Capital One Platinum Credit Card Features

• There are no hidden fees or annual fees. You can find out in seconds if you are approved.
• Get a higher credit limit in as little as six months.
• A credit card like this can help you build your credit.
• Your credit card account is protected with a $0 Fraud Liability, so you are not responsible for unauthorized charges.
• CreditWise is a free service from Capital One that lets you monitor your credit score. The service is free for everyone.
• The Capital One mobile banking app lets you access your account seven days a week, 24 hours a day.
• A contactless card lets you check out quickly and easily without touching a terminal or handing over your card. Your card will be ready once you’ve hovered it over a contactless reader, waited for the confirmation, and proceeded.

Fortiva Mastercard Credit Card

The Fortiva Mastercard Credit Card has allegedly reduced a $2,850 limit to $700, which could indicate that $2,000+ limits are possible. According to Fortiva, the cut was caused by inactivity during the last 90 days. If you want to maintain your credit limit, you may have to use this card regularly. A credit limit of $350 to $1,000 is available to those who need credit to build or rebuild their credit with the Fortiva MasterCard Credit Card. Although this card is unsecured, it comes at a high cost with an APR of 24%, annual fees, and maintenance fees, which don’t even come out when considering the rewards program. 

Fortiva Mastercard Credit Card Features

• For all other qualifying purchases, you’ll earn 1% Cash Back.
• A credit limit of up to $1,000 is subject to credit approval.
• Your credit score won’t be affected by prequalification.
• There is no security deposit required.
• Mastercard® is accepted everywhere.
• Credit score access for free
• There is no fraud liability**

Capital One QuicksilverOne Cash Rewards Credit Card

Our review of the Capital One QuicksilverOne Cash Rewards Credit Card finds that, despite the issuer’s refusal to reveal credit card limits, the initial limit is typically $300 to $1,500. There have been periodic increases of $5,000 and more, as reported by forum contributors. As part of the rewards card’s marketing strategy, regular account reviews are offered. Cashback can be earned on every purchase made by people with fair credit. Those rewards rates are the same as those offered by the issuer to those with excellent credit, although this card costs more.

Capital One QuicksilverOne Cash Rewards Credit Card Features

• Every purchase earns you 1.5% cash back.
• Earning cash back isn’t limited by rotating categories or a monthly cap, and it doesn’t expire. Simply put, it’s that easy.
• Your credit line could be increased in as little as 6 months if you are automatically considered.
• $0 Fraud Liability shields you from unauthorized charges, ensuring you can shop worry-free.
• Maintain a good credit score by using your card responsibly.
• With Uber One membership statements, you will receive complimentary credits for up to six months until 11/14/2024
• With CreditWise from Capital One, you can keep track of your credit score.
• Contactless cards enable payment without the need to physically touch a terminal or hand your card to a cashier. It takes only a few seconds to use contactless cards.

Surge Platinum Mastercard

There is a new credit card available by Continental Finance Company called Surge Platinum Mastercard designed specifically for people with bad credit. It is open to people with any type of credit history and offers an initial limit of up to $1,000. A responsible card user can double their credit limit in as little as six months by making on-time payments and using the card responsibly.

The Surge Platinum Mastercard must be activated through an online account. By enrolling in e-statements, you can view your credit score for free. Mastercard’s payment network allows this card to be used everywhere. Applicants can also choose their own design for the Surge Master card, although premium designs cost $9.95.

Surge Platinum Mastercard Features

• You can boost your credit limit up to $2,000 by up to $1,000! You just need to make your first six minimum monthly payments on time.
• There will be a maximum credit limit of $300 – $1,000 (subject to credit availability)
• Three major credit bureaus are notified every month
• Check your credit score without affecting it
• The application process is fast and easy; results are available in seconds
• Access to your account online at any time
• You must have a checking account

Discover it Student Cash Back

If you’re a college student interested in establishing a credit history, avoiding annual fees, and earning rewards along the way, Discover it Student Cash Back is a great choice. Discover it®: Student Cash Back offers a 0% APR introductory offer, a cashback match for the first year, and bonus spending categories.

The 5% cash back program will only apply to specified spending categories that will change quarterly, so don’t expect it to apply to your entire spending pattern. The offer also requires cardholders to activate it each quarter to take advantage of it. The Discover it Student Cash Back appears to allow you to get a credit limit of $2,000 or higher. According to one forum contributor, this limit is $2,750. Despite some parents’ reservations, many students will benefit from an unsecured credit card because it gives them a financial cushion.

Discover it Student Cash Back Credit Card Features

• When you activate your account, you can earn cash back at grocery stores, restaurants, gas stations, and more each quarter. Additionally, you will automatically earn 1% cash back on all other purchases.
• Cash can be redeemed at any time for rewards.
• The application does not require a credit score.
• By removing your data from people-search websites that may sell your information, Discover could help you reduce exposure to your personal information online. Activate the app with your mobile device for free.
• The use of responsible credit does not require an annual fee.
• The APR for purchases is 0% for six months, then varies between 18.24% and 27.24 percent.

Reflex Platinum Mastercard

Continental Finance Company offers two credit cards to people: Reflex Platinum Mastercard and Transparent Platinum Mastercard. Once you have used the card responsibly for six months, you can double the credit limit to $2,000 after starting out with $1,000. Cardholders who keep low balances and make on-time payments may notice a rise in their credit scores. They can monitor this for free by enrolling in e-statements through their online account.

People who need quick access to credit may benefit from Continental Finance Company’s instant decision on applications. The company charges a very high annual fee, $75 for the first year of usage, which increases to a minimum of $99 after that. 

Reflex Platinum Mastercard Features

• A $1,000 credit limit can be doubled to $2,000! The first six minimum payments must be made on time.
• Check your credit score to see if you’re pre-qualified
• You are welcome to apply with any type of credit
• The initial credit limit is $300 – $1,000 (subject to credit availability).
• Three major credit bureaus are notified every month
• An easy and fast application process; instant results
• Any Mastercard®-accepting location accepts your card
• A checking account is required

How To Pick The Best Credit Cards For Fair Credit?

Consumers with fair credit must decide on their priorities in order to choose the best credit card for their circumstances.

Identify Your Values

Do you want to earn cash back or other rewards while building your credit score? Are you trying to build your credit and looking for a credit card that does not have an annual fee, has low interest rates, or lets you build your credit without an annual fee?

It can be helpful to nail down your needs before selecting a credit card.

Credit Card Comparison

Credit card offers can vary greatly, so you must compare them side by side before deciding which is right for you. Discover how features such as low APRs, annual fees, rewards structures, and sign-up bonuses can benefit fair credit borrowers.

Check Your Eligibility

A credit check isn’t required for some cards, so you can see if you qualify for a card before you apply. You can use it to make your credit decision without affecting your score by using a “soft check” or a “prequalification.”

Alternatives To Credit Cards For Fair Credit With $2000 Limits

There is more than one way to get financing if you’re looking for Credit Cards For Fair Credit.

• An installment loan from a lender is known as a personal loan. Before they approve or deny your request, a credit check will be conducted. Some lenders offer soft credit checks that do not affect credit scores.
• A payday loan is a short-term loan that advances money with the promise of repayment when your next paycheck arrives. Because payday loans have high APRs, they should only be taken out as a last resort and are often regarded as predatory.
• Home equity loans or home equity lines of credit (HELOC) may be available to homeowners who have a substantial amount of equity in their homes. Your home acts as collateral, so the interest rate is lower than a credit card.
• The value of a vehicle you own outright may be used to get a loan. There is also a very high cost associated with these loans.
• Your parents may not be the only ones you can turn to for money. You may also be able to find private lenders.

Things To Consider Before Applying for Credit Card For Fair Limit With $2000 Limits

Whether you are a responsible borrower or you have experience managing debt, credit card debt can drag down your finances further than you can imagine. It’s important to plan your credit card usage before getting one. Credit card usage should be planned so that your credit score is improved rather than damaged.

Credit Card Applications And Credit Scores

The application of a credit card has been rumored to negatively impact your credit score. Your credit score is largely determined by your credit application, which is partially true. A single credit card application has less impact on your credit score than using credit responsibly, which means keeping your credit utilization low and paying on time every month.

A High-Interest Rate On Credit Cards

A fair credit score may only allow you to receive a small credit limit. This may not satisfy your needs, but this is your chance to show that you are capable of handling credit responsibly. Make sure you are paying off all the charges on the card every month. Your finances will sink if you pay 30% interest on your credit cards.

Autopay Builds Your Credit Score

Your credit card will eventually become obsolete, and you’ll need to switch to one with better rewards and terms. Make sure that you set up automatic payments to improve your credit score. The result will be a squeaky-clean credit history and an increase in your credit score.

Perks With Credit Cards For Fair Credit

There aren’t as many perks on Credit Cards For Fair Credit as on credit cards for people with excellent credit. It is still possible to obtain a fair-credit credit card with various benefits, including:

•  Credit Cards For Fair Credit often offer cashback rewards to customers on eligible purchases from 1% to 1.5%. Although they are less generous than cards for good credit, they can still offer savings.
• You can save money by choosing Credit Cards For Fair Credit, which does not charge a yearly fee.
• You can take advantage of fraud protection on virtually all credit cards to avoid unauthorized charges.
• With some of the best credit cards for fair credit, you can track changes in your credit score and identify areas for improvement.
• There are some Credit Cards For Fair Credit that offer car rental insurance, which can reduce the cost of rental car insurance.
• The purchase protection offered by some Credit Cards For Fair Credit will protect eligible purchases against theft and damage.

What Is A Good Credit Limit For Fair Credit?

An individual with fair credit may be able to get a higher credit limit, depending on factors like their income, credit history, debt-to-income ratio, and the credit card provider’s policies. 

Credit card issuers may offer credit limits ranging from $500 to $2,000 for individuals with fair credit, but some may offer higher or lower limits.

Making timely payments and avoiding debt accumulation are essential aspects of using credit responsibly. However, if these factors negatively impact your credit score, you may be restricted from accessing credit in the future.

How To Get A Credit Cards For Fair Credit With $2,000 Limits?

You’ll have fewer credit card options if you have fair credit compared to someone with excellent or good credit. You can still get a credit card regardless of your credit score. If the card you want is available, you can apply online, by phone, or in person, and applying online is usually the easiest and fastest option.

In order to apply, you will need to provide your Social Security number and annual income, as well as some basic personal information. A decision should be made almost instantly after you submit your application. Applicants may have to wait a few days until their application is approved or denied. 

If you have been approved, your new credit card should arrive in 7-10 business days. If you request expedited delivery, a card number may be provided before your physical card arrives.

How Much Should I Spend On Credit Cards For Fair Credit With $2000 Limits?

A high balance may make it harder for borrowers to qualify for various financial products because lenders view them as risky. You may also experience late payments and penalties as a result of high balances hurting your credit score.

It is, therefore, advisable to maintain a credit utilization rate of 30% or lower of the maximum limit available to you and keep your balances low. In other words, a $2,000 credit limit would allow you to spend a maximum of $600 per month.

FAQs

Conclusion

If you read this article, you can reasonably hope to obtain Credit Cards For Fair Credit With $2000 Limits. The easiest route to your target credit limit is to apply for Credit Cards with $20000 Limit Guaranteed Approval or more. Unsecured credit cards can also be used.