Best Credit Cards For 680 Credit Score

Congratulations! You have made it to the 680-credit score club. While not the highest of credit scores, you have a fair rating that opens the doors to a variety of credit card options. But how do you choose the best credit card for your financial situation? Don't worry – we've got you covered. In this article, we will dive into some of the best credit cards for people with a 680 credit score, and help you navigate the complex world of credit cards and rewards programs. Get ready to level up your personal finance game!

Why Your Credit Score Matters

Your credit score plays a crucial role in determining your eligibility for various financial products, including credit cards, loans, and mortgages. Lenders use credit scores to gauge how likely you are to repay debts and manage your finances responsibly. A higher credit score signifies lower risk and therefore, better interest rates and rewards programs for you.

Factors That Impact Your Credit Score:

• Payment history
• Credit utilization (amount of credit used compared to total available credit)
• Length of credit history
• Types of credit (credit cards, loans, etc.)
• New credit applications and hard inquiries

Best Credit Cards for a 680 Credit Score

While your options may be somewhat limited compared to those with higher credit scores, there are still some great credit cards available for people with a 680 credit score. Let's explore some of the top options:

1. Capital One QuicksilverOne Cash Rewards Credit Card

• Earn unlimited 1.5% cash back on all purchases
• Access to a higher credit line in as little as six months with responsible usage
• No foreign transaction fees
• Annual fee: $39

2. Discover it Secured

• Earn 2% cash back on gas stations and restaurants, up to $1,000 per quarter
• Unlimited 1% cash back on all other purchases
• Discover will match all cash back earned at the end of the first year
• No annual fee
• Security deposit is refundable

3. Chase Freedom Unlimited

• Earn unlimited 1.5% cash back on all purchases
• No annual fee
• 0% intro APR on purchases for 15 months, followed by a variable APR of 14.99% - 23.74%
• Free credit score access with Credit Journey

4. Citi Double Cash Card

• Earn 2% cash back on all purchases (1% when you buy, 1% when you pay)
• No annual fee
• 0% intro APR on balance transfers for 18 months, followed by a variable APR of 13.99% - 23.99%

Best Credit Cards For 680 Credit Score Example

Imagine you chose the Chase Freedom Unlimited credit card for its 1.5% unlimited cash back and the 0% intro APR on purchases. Let's say you purchase a new laptop for $1,000. You'll earn $15 in cash back on the purchase, and if you pay off the balance within the 15-month intro period, you'll avoid paying any interest. This is a great way to make a large purchase and pay it off over time without incurring additional costs.

Best Credit Cards For 680 Credit Score Frequently Asked Questions

What does a 680 credit score indicate?

A 680 credit score is typically considered to be in the "good" range. This means the individual has a reasonably positive credit history but may have had some past issues like late payments.

Why is 680 a significant score when considering credit cards?

A score of 680 is often a threshold for many credit card issuers, opening up a wider range of card options with better benefits compared to lower scores.

Can I get premium credit cards with a 680 score?

While some premium cards might require scores in the "excellent" range, many valuable cards cater to those with "good" credit scores like 680.

Are the interest rates higher for this score range?

Interest rates can vary, but a score of 680 might fetch slightly higher rates compared to those with excellent credit. However, they'll likely be more competitive than rates for scores in the fair or poor range.

Do cards for a 680 credit score offer rewards?

Absolutely! Many cards designed for this score range come with rewards such as cash back, miles, or points on purchases.

How do credit card limits look for this score?

Credit limits can be relatively generous, depending on the card issuer and the individual's income. However, they might not be as high as those offered to individuals with excellent scores.

Are there any cards with no annual fees in this score range?

Yes, many credit cards catered to those with a 680 score offer no annual fees, making them cost-effective options.

Can I get a balance transfer card with a 680 score?

Certainly! Several balance transfer cards are available for individuals within this credit score range, often coming with introductory 0% APR periods.

What should I prioritize when choosing a card for my 680 score?

Prioritize cards that offer the benefits you value most, whether that's rewards, low fees, balance transfer options, or other perks.

Will applying for a credit card impact my score?

Yes, each application results in a hard inquiry, which can temporarily reduce your score by a few points. It's wise to apply sparingly.

Can I qualify for cards with travel perks at this score?

While top-tier travel cards might be out of reach, many valuable travel cards are accessible to those with a 680 credit score, offering perks like free checked bags or priority boarding.

Is my credit score the only factor issuers consider?

While your credit score is a significant factor, issuers also consider other factors like income, existing debts, and overall financial health.

If I'm denied a card, what should I do next?

If denied, consider waiting and working on improving your score. After a few months, you can reapply or consider different card options more in line with your credit profile.

How can I boost my score from 680 to get even better card options?

Consistent timely payments, reducing overall debt, and avoiding opening too many new accounts in a short period can help boost your score.

Are there secured credit card options for this score?

While those with a 680 score often qualify for unsecured cards, secured options are available and can be a good choice for those wanting to further improve their credit.

What's the difference between a secured and unsecured card?

A secured card requires a security deposit which often determines the credit limit, while an unsecured card doesn't require a deposit and offers a limit based on your creditworthiness.

Can I get cashback rewards with a 680 score?

Yes, many cards in this score range offer cashback rewards on various purchase categories.

Are there any sign-up bonuses for cards in this range?

Many cards for those with a 680 score offer sign-up bonuses if you meet a certain spending threshold within the initial months of account opening.

If I improve my score, can I request better terms from my card issuer?

Absolutely! If your score significantly improves, consider reaching out to your issuer to negotiate better terms or even upgrade to a card with better benefits.

Is it beneficial to have multiple cards for different purposes?

While it can be beneficial for maximizing rewards or managing finances, it's essential to ensure you can manage multiple accounts responsibly without accumulating unnecessary debt.

Choosing the best credit card for your 680 credit score requires evaluating your needs, spending habits, and financial goals. By exploring the options available to you, it's possible to find a credit card that will enhance your financial life and help you build an even stronger credit score. Remember, responsible usage is key – always pay your bills on time and try to keep your credit utilization low. Share this article with your friends, and be sure to explore more of the personal finance articles and guides here on Flik Eco!