Credit cards for people with a 630 or higher credit score can be obtained in a variety forms. You can choose from an unsecured or store credit card. A business credit cards is also available. It is important to understand that credit scores are an important consideration when choosing the right card.
Unsecured Credit Cards
If your credit score is over 630, you can apply for unsecured credit cards with a high credit limit. These credit cards may offer lower interest rates and more rewarding programs. Many unsecured credit cards also offer introductory offers that give you bonus miles or points or cash back. Some cards may offer a 0 per cent APR period where you can make purchases and not pay interest. If you don't need an introductory period, unsecured credit cards can still be a great choice.
While most unsecured credit cards require you to make a security deposit for your account, the best ones are available for people with 630 credit scores. Unsecured credit cards don't require any security deposit. In fact, they can require as little as $200. These cards are attractive for people with lower credit scores.
Store cards
For people with credit scores below 630, there are many credit cards that can be used. Surge Mastercard for example helps consumers rebuild their credit score through timely payments to the credit bureaus. Continental Finance offers this card with a credit limit of $300 to $1000. After six months of responsible and consistent use, it can increase to $2,000 in a limited amount of time. This card also comes with a refundable security deposit of $99 or $200.
Another option is the Credit One Bank Visa for Rebuilding Credit. You can earn 1% cashback for qualifying purchases with this credit card. The card is simple to get and you can also apply for it without having to check your credit score.
Secured credit cards
Secured credit cards are an excellent option for those with low credit scores. These cards are not subject to an annual fee. However, balance transfers and cash advances come with fees. There may be a $40 late payment fee or returned payment fee. For people who are interested in building credit or rebuilding their credit score, secured credit cards are a good option.
Secured cards, unlike prepaid debit cards can report your activity to major credit bureaus. This will help you build a good credit history and increase your score. Many secured card issuers also allow you to pay off your account in installments. This makes it possible for those with low credit scores and to pay off their credit card balances in installments.
Credit cards for businesses
If you're looking to improve your business credit score, you may want to consider applying for a business credit card. These cards can help you establish a credit history for your business and get the best rates on business loans. Card that offers rewards allows you to separate your business expenses and personal expenses. The drawback to business credit cards is the higher fees and interest rates that are charged than personal cards. However, it is important to keep in mind that your business credit card balances can affect your personal credit score.
It is important to read the terms and conditions carefully before applying for a business card. Companies only approve applicants with great credit. Knowing the minimum credit score required to apply for a job is crucial.
Cash back credit cards
If you are looking for a creditcard with cash back rewards but have a score of 630, there are options that have a lower APR as well as a higher credit limit. You can also apply for a secured credit card, such as the Surge Mastercard, which will report your on-time payments to the credit bureaus. After six months' responsible use, the card will give you up $2,000 credit. Additionally, your monthly estatement will contain a credit score report.
The Discover it card is another option for low credit scores who want cash back credit cards. You will earn 2% cash back when you purchase gas stations or restaurants. The annual fee is zero. You can also use the card to shop at Amazon and Uber.