Avant Credit Card
-
The Avant Credit Card is as basic as a credit card can get. It offers no rewards program and no welcome offer. The highest credit limit it offers is $3,000. Even worse? It comes with a high 35.99 percent variable APR, and if your credit is weak, you might pay an annual fee that ranges from $0 to $99.
But the Avant card is designed for consumers with “fair” FICO credit scores, which generally means scores as low as 580. It’s an unsecured card that can help you build a credit history or improve a weak score without having to come up with a deposit to open an account. As long as you pay your balance on time and in full to avoid the high interest rate, your credit score will steadily increase, and you can then apply for a card that offers more perks like a rewards program.
Avant offers what it calls proactive credit limit increases. If you pay your bills on time and don’t run up too much debt, Avant will inform you if you qualify for a higher credit limit, though your limit can never rise above the card’s maximum of $3,000.
