Are you stuck in the credit score range of 650-700 and wondering which credit cards you can qualify for? Don't worry, you're not alone! In this guide, we'll take a deep dive into the best credit cards for a credit score of 650-700, so you can make the most out of your current credit situation.
Best Credit Cards For 650 Table of Contents
Why Your Credit Score Matters
Before we get into the specifics, it's important to understand why your credit score is so crucial. A good credit score can make your life significantly easier by providing access to the best interest rates, loan terms, and credit card offers. If you fall into the 650-700 credit score range, you are considered to have fair credit, which means you still have room for improvement, but you're not in terrible shape either. With the right credit card, you can work on building your credit to reach the next level.
Best Credit Cards for 650-700 Credit Score
Below, we've compiled a list of the best credit cards available for those with a credit score of 650-700. Each card has specific features and benefits tailored towards individuals with fair credit. Explore each option to determine which one works best for your financial needs and preferences.
1. Capital One QuicksilverOne Cash Rewards Credit Card
- 1.5% cash back on all purchases
- No rotating categories or sign-ups required
- Access to higher credit line after making first five monthly payments on time
- $39 annual fee
2. Discover it Secured Credit Card
- Secured card that requires a security deposit
- 2% cash back on up to $1,000 in combined purchases at gas stations and restaurants each quarter
- 1% cash back on all other purchases
- Cashback Match: Discover will automatically match all the cash back you've earned at the end of your first year
- No annual fee
3. Credit One Bank Platinum Visa
- 1% cash back on eligible purchases
- Free online access to credit score and account management tools
- Automatic reviews for credit line increases
- Annual fee varies based on creditworthiness: $0 - $99
4. Petal 2 Visa Credit Card
- No fees of any kind
- 1% cash back on all purchases, 1.25% after 6 months, and 1.5% after 12 months of on-time payments
- Up to $10,000 credit limit
- Designed for those looking to build credit or improve their score
Best Credit Cards For 650 Example:
Imagine you're currently in the 650-700 credit score range and considering the Capital One QuicksilverOne Cash Rewards Credit Card. After evaluating your credit situation, you decide to apply and are approved. By consistently making on-time payments for the next 12 months, your credit score sees a significant improvement. Not only does this card help you build towards a higher credit score, but the 1.5% cash back on all purchases also adds up to some nice savings over time.
We hope this guide helps you find the best credit card for your 650-700 credit score. Whichever option you choose, always remember to use your credit responsibly and make on-time payments to continue improving your credit score. Don't forget to share this article with friends and family, and be sure to explore other guides on Flik Eco for more personal finance tips and advice!
