Having a credit score in the 650 range may feel as if it's holding you back from all the exciting credit card deals and rewards out there. Don't worry, we've got your back! At Flik Eco, we've built the ultimate guide to help you find the best credit cards for a 650 score, so you don't miss out on the opportunity to improve your financial situation and enjoy some sweet perks. Get ready to explore and choose the ideal card for your unique needs and lifestyle.
Best Credit Cards For 650 Score Table of Contents
Understanding Your 650 Credit Score
Understanding Your 650 Credit Score
A credit score of 650 is considered to be in the "fair" range, and it's just below the average American's score. While you might face some limitations in terms of the credit cards available for you, it doesn't mean you're out of options. Many credit card companies offer cards specifically tailored to people with fair credit scores, so don't despair!
What to Look for in a Credit Card for a 650 Score
Getting the right credit card can help you improve your credit score and unlock even better offers in the future. When evaluating credit cards for a 650 score, consider the following:
- Low annual fees or no annual fees
- Low-interest rates
- Manufactured for customers with fair credit
- Rewards and perks that align with your spending habits
- Tools to help monitor and boost your credit score
Best Credit Cards for a 650 Score
Now that you know what to look for, let's dive into our top recommendations for credit cards that cater to individuals with 650 credit scores:
1. Capital One Platinum Credit Card
This no-annual-fee card is perfect for those seeking to improve their credit score while enjoying some valuable benefits. With the Capital One Platinum card, you'll get access to a higher credit limit after making your first five monthly payments on time, free credit monitoring with CreditWise, and access to numerous exclusive benefits, including travel assistance and extended warranty protection.
2. Petal 2 Cash Back, No Fees Visa Card
The Petal 2 card offers a unique value proposition, as it doesn't charge any fees and provides cashback rewards based on your credit performance. You'll earn 1% cashback on all your purchases at the beginning, and your rate will gradually increase up to 1.5% as you make on-time payments. Moreover, the card offers an app to help you manage your finances and build credit.
3. Discover it Secured
As a secured credit card, the Discover it Secured card requires an initial deposit – which will act as your credit limit. However, it offers fantastic rewards such as 2% cash back on gas and restaurant purchases and 1% cash back on all other purchases. Plus, Discover will match all cash back earned during your first year as a cardholder. Another great perk includes monthly credit score monitoring and the possibility of transitioning to an unsecured card after consistent responsible use.
Best Credit Cards For 650 Score Example:
Let's say you decide to apply for the Capital One Platinum Credit Card as a way to both improve your credit score and take advantage of the exclusive benefits offered. After receiving and activating the card, you use it to make your monthly payments on time and monitor your credit score through the CreditWise tool provided by Capital One.
After five months of on-time payments, you notice that your credit score has improved and you are rewarded with an increased credit limit. Moreover, you plan a trip and take advantage of the travel assistance benefits offered by the card. By choosing a card tailored to your 650 credit score, you successfully improved your financial situation while enjoying travel benefits and exclusive perks.
Don't let your 650 credit score hold you back! By exploring and choosing one of these suitable credit cards, you can take the first step towards better financial health and unlock a world of benefits and rewards. Remember that your credit score won't stay at 650 forever. Bear in mind the importance of responsible spending, timely payments, and credit monitoring to improve it over time.
If this guide has been helpful or insightful, feel free to share it with your friends and family or dive into the wide array of finance tips and budgeting hacks available on Flik Eco. Cheers to a bright financial future!
