Craving for that perfect credit card tailored to your needs, but unsure if your 675 credit score can get you there? Fret not, because we've got you covered! In this comprehensive guide, we'll dive into the best credit cards available for those with a 675 credit score, ensuring you reap maximum benefits and rewards.
Best Credit Cards For 675 Credit Score Table of Contents
Understanding Your 675 Credit Score
A 675 credit score sits on the cusp of fair and good credit. While it isn't the highest score out there, it can still open the door to competitive credit cards if you play your cards right. In this pursuit, it's essential to understand what factors contribute to your credit score and how you can make proactive decisions to reach that desired good credit ranking.
Factors Affecting Your Credit Score:
- Payment history (35%): Make payments on time to maintain a good record.
- Credit utilization (30%): Keep your credit balances low in relation to your overall credit limit.
- Length of credit history (15%): Older accounts generally display responsible lending.
- New credit accounts (10%): Avoid opening too many new accounts in a short period.
- Credit mix (10%): Variety in your credit types showcases versatility in money management.
Top Credit Cards for a 675 Credit Score
Keeping in mind your credit score range, we've compiled a list of the best credit cards designed to help you achieve financial succor without having to compromise on rewards and benefits.
1. Capital One QuicksilverOne Cash Rewards Credit Card
Get the most out of your spending with unlimited 1.5% cashback on every purchase with no rotating categories or sign-ups required. It does come with a $39 annual fee, but a disciplined spending pattern can help you earn enough cashback to balance it out.
2. Petal 2 Cash Back, No Fees Visa Card
This card offers a variety of rewards based on your credit use, with 1% to 1.5% cashback on eligible purchases. It boasts no annual fees, foreign transaction fees, or late payment fees, making it an ideal card for responsible spenders and frequent travelers.
3. Discover it Secured Card
Designed to help you build credit, the Discover it Secured Card comes with a security deposit which doubles as your credit limit. You'll receive 2% cashback at gas stations and restaurants on up to $1,000 in purchases each quarter and unlimited 1% cashback on all other purchases. After eight months, Discover automatically starts reviewing if your account can be upgraded to an unsecured card.
Best Credit Cards For 675 Credit Score Example:
Choosing Between Reward Options
Let's consider two scenarios with the Capital One QuicksilverOne card and the Petal 2 card. If you spend $1,000 per month on your credit card, then you would accumulate $180 in cashback rewards with the QuicksilverOne card in a year. Factoring in the $39 annual fee, your net rewards stand at $141, effectively covering the fee.
On the other hand, if you choose the no-fee Petal 2 card and maximize the 1.5% cashback option, you would earn $180 in rewards. In this case, it might be ideal for prioritizing the highest cashback rate on eligible purchases. Ultimately, it boils down to your preference and spending patterns.
In summary, your journey to credit score glory can be an exhilarating one if you choose the right credit card tailored to your needs. By doing your research, you can enjoy financial freedom and maximize your rewards without the anxiety of crossing that credit score threshold. If you found this article helpful, don't hesitate to share it with your friends and explore other useful guides on Flik Eco to further enhance your financial savoir-faire.
