Fair credit is considered credit rating mediocrity. The good news is a fair credit rating or score is bankable there are plenty credit cards to be had. The bad news is the terms of a credit card will factor in the additional risk of not having good or excellent credit. This means the fair credit cards available will offer less desirable terms such as a lower card limit, higher interest rates and fees. Whereas the best terms, rates and benefit perks are reserved for those with above average credit ratings.

There can be many reasons why one's credit rating is fair rather than good. A sampling would be not enough credit history or a delinquent payment or two in the past. Whatever the reason it is beneficial to strive to improve your credit rating or score to not only get better terms in your credit cards but also to have access to loans that would not be available to less credit worthy applicants. The higher your credit score the more accessibility to favorable credit. Smart responsible credit card management is a well found strategy to improve credit reputation or score.

Typically a fair credit score would range somewhere in the low to mid range 600s, good credit is considered say hi 600s to upper mid 700s and excellent credit would be upper 700s to the max 850. Rumor has it that a perfect 850 scare is scarcer tan living to 100 years old.

Shopping Credit Cards for Fair Credit

As mentioned, with fair credit you will have plenty of credit card vendors to choose among. Use this to your advantage and shop for the most competitive credit card terms you can find. Apply only once you have decided the terms of the credit card is acceptable to you. You do not want to over apply for credit cards because of the hard-hit (credit inquiry application) you will receive on your FICO credit score. Typically a hard credit inquiries will lower your FICO score only a small amount temporarily whereas numerous such credit inquiries in a short period will have a bigger impact on your FICO score. Such inquiries it is said stay on your credit report two years the actual impact on FICO score for one year.

Comparing credit card offers in detail by combing through promotional periods and come-ons (like special intro offers) is imperative. Understand the entire credit card terms before deciding which of the credit card offers are best for you. The credit card APR (annual percentage rate) is important and varies considerably, notice the APR rates vary with the type of credit card transaction such as purchases, balance transfers and cash advances. You also want to consider any special fees such as annual or membership. Select a credit limit that is adequate for your needs.

Keep in mind that by improving your credit score you will have access to better credit card terms. So for example if your credit rating is fair, do to a delinquent payment or two in the past make sure all your future payments are timely, if so in a year or so you can request better terms from your current card carriers at that time like requesting a lower APR interest rate and/or a higher credit limit. If you know your credit score has improved considerably and your current card companies won't improve your terms you can always shop other card companies for those better terms. Credit cards if managed properly i.e. timely payments, keeping credit balances low as possible – zero ideally is a great way to enhance your credit score and rating over time.