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Here's the best credit card to apply for if you have fair or average credit and don't want to pay any fees

If you're afraid your credit score is holding you back, there's one card you may qualify for that offers cash back and no fees whatsoever: the Petal 2 "Cash Back, No Fees" Visa Credit Card.

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There are lots of reasons why it's good to have a credit card — building credit is a big one — but not everyone can qualify for the best cards on the market. When you've got poor or fair credit, it's less likely you'll be able to take advantage of a card that offers rewards programs so you can earn cash back.

But there's good news for people who are looking for a cash-back card that can also help them build their credit history. Select ranked the best credit cards for fair and average credit and found a card that offers 1% cash back and charges no fees whatsoever*.

Below, we take a look at the Petal® 2 "Cash Back, No Fees" Visa® Credit Card and break down why it is the best credit card to apply for if you have fair or average credit and don't want to pay any fees. (See our methodology for more information on how we choose the best cards.)

What you need to know about the Petal 2 "Cash Back, No Fees" Visa Credit Card

With the Petal 2 "Cash Back, No Fees" Visa Credit Card, issued by WebBank, cardholders don't have to pay an annual fee, nor any late payment fees or foreign transaction fees if they travel outside the U.S. 

Compared to other cards for fair or average credit, such as secured credit cards, Petal 2 Visa Credit Card also does not require any security deposits and the credit limits range from $300 up to $10,000, depending on your creditworthiness. Interested applicants will need to have at least one active bank account to link to their application. 

Instead of just looking at your credit history when you apply, WebBank will also consider your bank statements and other financial data to determine your eligibility for the Petal 2 Visa Credit Card. The bank looks at your credit score if you have one, but in case it's in the fair or low range, it also reviews your bank statements to confirm your earnings and history of paying bills on time.

And if you have no credit at all, that's fine. The Petal 2 Visa Credit Card ranked as the overall top credit card for building your credit because you can apply when you're just starting out, as long as you have a bank account.

The card's rewards program may motivate you to make on-time payments as well (which helps boost your credit score). Cardholders earn 1% cash back on eligible purchases right away and up to 1.5% after making 12 on-time monthly payments. They also receive 2% to 10% cash back from select merchants.

Petal® 2 "Cash Back, No Fees" Visa® Credit Card

  • Rewards

    1% cash back on eligible purchases right away and up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments; 2% to 10% cash back at select merchants

  • Welcome bonus


  • Annual fee


  • Intro APR


  • Regular APR

    18.24% - 32.24% variable

  • Balance transfer fee


  • Foreign transaction fee


  • Credit needed

    Fair, Good, No Credit

Terms apply.


  • No credit history required (if you do have a credit history, that does factor into the credit decision)
  • No fees whatsoever
  • 1% cash back on eligible purchases right away and up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments; 2% to 10% cash back at select merchants
  • Credit limits range from $300 to $10,000


  • Card isn't for rebuilding credit, but it's good for building credit
  • No special financing offers
  • No welcome bonus
  • Estimated rewards earned after 1 year: $249
  • Estimated rewards earned after 5 years: $1,577

What is a fair and average credit score?

Fair and average credit scores can vary depending on the credit scoring model used and the credit bureau (Experian, Equifax or TransUnion) that pulls the score. The two most common types of credit scoring models are FICO and VantageScore.

Using estimates from Experian, below are the credit score ranges for both models. You'll notice that the fair credit scores are similar, with FICO giving a greater range.

FICO Score

  • Very poor: 300 to 579
  • Fair: 580 to 669
  • Good: 670 to 739
  • Very good: 740 to 799
  • Excellent: 800 to 850


  • Very poor: 300 to 499
  • Poor: 500 to 600
  • Fair: 601 to 660
  • Good: 661 to 780
  • Excellent: 781 to 850

Why it's good to start building your credit history

It can seem overwhelming to navigate trying to raise your credit score, but it's worth your time and effort. A good or excellent credit score will give you access to lower APRs, better loan products and the best credit cards on the market.

The Citi Double Cash® Card (see rates and fees), for example, 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24. Other cards offer a generous cash welcome bonus once you reach your spending minimum, like the Capital One Quicksilver Cash Rewards Credit Card, which gives you a $200 bonus after you spend $500 in the first three months from account opening. (See rates and fees).

But cards like these require applicants to have a good or excellent credit score to qualify. In order to get a score in the 700 to 850 range, you'll need to start small and that's where a card like Petal 2 Visa Credit Card comes in handy. If you're careful with how you use the card — spending within your means, paying your bill on time and in full each month — you'll be on your way toward improving your credit score so you can eventually qualify for the best credit cards.

Our methodology

To determine which credit cards offer the best value for people with average or fair credit, Select analyzed the most popular credit cards offered by the biggest banks, financial companies, and credit unions that we determined have average or fair credit score requirements.

We compared each card on a range of features, including: annual fee, rewards program, introductory and standard APR, balance transfer fee, welcome bonuses and foreign transaction fees, as well as factors such as required credit and customer reviews when available.

Select teamed up with location intelligence firm Esri. The company's data development team provided the most up-to-date and comprehensive consumer spending data based on the 2019 Consumer Expenditure Surveys from the Bureau of Labor Statistics. You can read more about their methodology here.

Esri's data team created a sample annual budget of approximately $22,126 in retail spending. The budget includes six main categories: groceries ($5,174), gas ($2,218), dining out ($3,675), travel ($2,244), utilities ($4,862) and general purchases ($3,953). General purchases include items such as housekeeping supplies, clothing, personal care products, prescription drugs and vitamins, and other vehicle expenses.

Select used this budget to estimate how much the average consumer would save over the course of a year, two years and five years, assuming they would attempt to maximize their rewards potential by earning all welcome bonuses offered and using the card for all applicable purchases. All rewards total estimations are net the annual fee.

It's important to note the value of a point or mile varies from card to card and based on how you redeem them. When we calculated the estimated returns, we assumed that cardholders are redeeming points/miles for a typical maximum value of 1 cent per point or mile. (Extreme optimizers might be able to achieve more value.)

While the five-year estimates we've included are derived from a budget similar to the average American's spending, you may earn a higher or lower return depending on your shopping habits.

When analyzing student cards and credit-building cards, we did not calculate the estimated rewards a cardholder could earn. When you're a student or building (or rebuilding) your credit history, your focus should be on developing good financial habits, such as paying your balance on time and in full, and not optimizing the points you can earn.

Petal 2 Visa Credit Card issued by WebBank.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
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