Having a credit score around 600 can feel like a financial roadblock, but fear not, millennial money masters! With the right credit card in your wallet, you can improve your credit score and unlock the perks that come with better credit. In this Flik Eco guide, we'll explore the best credit cards for a 600 score and give you crucial tips to help you level up your credit game.
Best Credit Cards For 600 Score Table of Contents
How Your Credit Score Affects Your Card Options
When it comes to credit cards, your score will significantly impact the types of offers available to you. To put it simply:
- Excellent credit (750 and above): At this level, you'll get access to the best rewards, cashback rates, and low-interest rates.
- Good credit (700 to 749): You'll still have a wide range of card options but may not qualify for the highest rewards or lowest interest rates.
- Fair credit (650 to 699): You'll have fewer card options, and rewards may be less generous or come with higher fees.
- Poor credit (below 650): With a 600 score, you're in this category. You'll need to focus on cards designed to help build or rebuild credit, often with fewer rewards and higher APRs.
Top Credit Cards For 600 Score
Rest assured, there are still credit card options tailored for those with a 600 credit score. Here's our roundup of standout choices:
Secured Cards:
- Discover it Secured: This card offers 2% cash back at gas stations and restaurants (up to $1,000 per quarter) and 1% cashback on other purchases. Plus, Discover will match your cashback earnings in your first year. A refundable security deposit is required.
- Capital One Platinum Secured: With this card, you can potentially access a higher credit limit after making your first five monthly payments on time. It also includes features like fraud coverage and account alerts to help you manage your credit.
Unsecured Cards:
- Credit One Bank Platinum Visa: This card offers 1% cashback on groceries, gas, and monthly service purchases. The annual fee ranges from $0 to $99, depending on your creditworthiness.
- Indigo Platinum Mastercard: Aimed at those with less-than-perfect credit, this card comes with an annual fee of $0 to $99, depending on your credit profile. It offers quick pre-qualification without impacting your credit score and customized credit limit.
Best Credit Cards For 600 Score Example:
Imagine you're a millennial with a credit score of 600 and want to start improving your credit. You decide to apply for the Discover it Secured card and get approved. You put down a security deposit of $500, which determines your credit limit. Over time, by consistently making on-time payments and keeping your utilization low, you notice your credit score gradually improving. Couple those responsible habits with the cashback rewards on your everyday purchases, and you'll be well on your way to a better credit standing!
Congratulations, savvy spender! You're now prepared to choose the best credit card for your 600 score, potentially boosting your credit journey. Flik Eco is here to support your financial growth, so don't forget to explore our other guides and share this article with your fellow millennial money warriors. Together, let’s empower our generation to forge a financially responsible future!
