Are you looking to get a credit card, but not sure if your credit score of 612 will be a roadblock? Don't worry, we've got you covered! In this ultimate guide, we'll discuss everything you need to know about credit cards for a 612 credit score and provide some great options for you. Don't let your credit score hold you back from achieving your financial goals - let's dive in!
Credit Cards For 612 Credit Score Table of Contents
Understanding your 612 credit score
A credit score of 612 falls under the "fair" or "average" category. This generally means that while you're not considered a high-risk borrower, you may still have difficulty obtaining the most competitive credit card offers. However, there are still plenty of options available to you!
In order to improve your credit score and access better credit card options, there are a few steps you can take:
- Regularly check your credit reports and dispute any errors you find
- Maintain a low credit card utilization rate (under 30%)
- Pay your bills on time and in full
Best credit cards for a 612 credit score
While you may not qualify for top-tier credit cards with lucrative rewards, there are still some good options out there for people with a 612 credit score. Here are our top picks:
1. Capital One QuicksilverOne Cash Rewards Credit Card
The QuicksilverOne Cash Rewards card is an excellent option for those with fair credit scores. It offers 1.5% cash back on all purchases and has a reasonable $39 annual fee. This card also has useful tools to help you monitor and improve your credit score.
2. Credit One Bank Platinum Visa
Ideal for rebuilding your credit, the Credit One Bank Platinum Visa features customizable credit limits based on your income. There's no annual fee, and you'll earn 1% cash back on eligible purchases.
3. Indigo Platinum Mastercard
If you've had credit issues in the past, the Indigo Platinum Mastercard is a solid choice for rebuilding your credit. With a pre-qualification process that won't impact your credit score, this card has a low annual fee of $0-$99, depending on your creditworthiness.
4. Milestone Gold Mastercard
The Milestone Gold Mastercard offers a quick pre-qualification process, making it easy for borrowers with a credit score around 612 to apply. There is an annual fee ranging from $35-$99, but this card reports to all three credit bureaus, giving you the opportunity to improve your credit score over time.
Credit Cards For 612 Credit Score Example:
Jane recently checked her credit score and found out it's 612. She's heard about the benefits of having a credit card, like building credit in order to qualify for a mortgage or taking advantage of cashback rewards. After reading this article, Jane decides to apply for the Capital One QuicksilverOne Cash Rewards Credit Card.
She's approved and begins using her new credit card responsibly: she only spends up to 20% of her available credit each month, paying off her balance in full and on time to avoid interest charges. After one year, Jane's consistent payments and responsible spending habits pay off – her credit score has improved to 660, opening the door for even better credit card options!
Congratulations, you're now fully equipped to conquer the world of credit cards with a 612 credit score! Remember that responsible credit card use can lead to improvements in your credit score, opening the door to even better options down the line. If you found this guide helpful, be sure to share it with your friends and family members. Additionally, don't forget to check out our other comprehensive guides on Flik Eco – we're here to help you navigate every aspect of your personal finance journey. Best of luck on your credit card quest!
