Are you hovering around a 690 credit score and feel like you're stuck in credit card limbo? You're not alone! Many millennials find themselves in this middle ground, unsure of the best credit cards for their current credit situation. Well, your search ends here! In this insightful article, we're diving deep into credit cards tailored for those with a 690 credit score. Together, we'll explore the options that can help you build a better financial future while reaping rewards, cashback, and various perks.
Credit Cards For 690 Credit Score Table of Contents
What Does a 690 Credit Score Mean?
Let's begin by breaking down what a 690 credit score actually means. This score falls within the "fair credit" range, as defined by most credit bureaus. Having a fair credit score means you're not quite at the "good credit" level but are above scores deemed as "poor" or "bad." With a 690 credit score, you may not qualify for the best credit cards yet, but there are still plenty of options available to help you build and improve upon your current credit score.
Best Credit Cards for a 690 Credit Score
Now that we know what a 690 credit score represents, let's dive into the best credit card options that cater to your specific credit situation. Keep in mind that your chances of approval may vary, and you should always carefully review the terms and conditions before applying for any new credit card.
1. Capital One QuicksilverOne Cash Rewards Credit Card
- 1.5% cashback on all purchases
- $39 annual fee
- Various tools to help monitor your credit progress
- Eligibility for a higher credit line after six months of on-time payments
2. Discover it Secured
- 2% cashback on gas stations and restaurants (up to $1,000 in combined purchases per quarter) and an unlimited 1% cashback on all other purchases
- No annual fee
- Matching cashback rewards for your first year
- Option to upgrade to an unsecured card after eight months of responsible use
3. AvantCredit Card
- No rewards or cashback
- Annual fee based on creditworthiness (between $0-59)
- Helpful for those with fair credit
- Free online account management and customizable due dates
Credit Cards For 690 Credit Score Example:
Imagine you're a food-loving millennial who regularly dines out and commutes to work by car. Taking your spending habits into account, the Discover it Secured credit card would be a great option to consider. With 2% cashback on gas stations and restaurants, you could effectively build your credit while earning cashback rewards on everyday expenses. As you continue to make responsible credit payments, your score would likely improve. Eventually, you may qualify for an unsecured card with even more competitive rewards and benefits.
As a millennial with a 690 credit score, building and improving your credit is essential to unlocking better, more rewarding credit cards. By choosing the right card for your situation and habits, you can make strides toward financial success while leveraging rewards and perks. We hope this guide has helped shed light on the best credit card options for you. If you found the information useful, please consider sharing the article, giving it a like, and diving into our other insightful content on Flik Eco. Your path to financial growth starts here!