Navigating the world of credit cards can be an overwhelming task, especially when you're uncertain about the best card suited for you. If you have a credit score hovering around 699, you're in the "fair" category and can still have access to some pretty sweet deals. In this article, we'll delve into the intricate world of credit cards for a 699 credit score, outlining what you should expect, your best options, and why it's essential to keep working on improving your financial standing.
Credit Cards For 699 Credit Score Table of Contents
What does a 699 credit score mean?
Why should you improve your credit score?
What does a 699 credit score mean?
A 699 credit score falls within the "fair" range on the FICO credit score scale, which ranges from 300 to 850. A "fair" credit score is typically between 580 and 669. While not considered a poor credit score, you may face higher interest rates and somewhat limited options compared to someone with a higher score.
Why should you improve your credit score?
Improving your credit score can result in more financial opportunities, including:
- Lower interest rates on loans and credit cards
- Better approval odds for mortgages and car loans
- Potential for higher credit limits
- Access to premium rewards credit cards
Keep in mind that even if you qualify for a credit card with a 699 credit score, working on improving your rating can open up even better credit card options in the future.
Features to look for in credit cards for a 699 credit score
- Low or no annual fee: Look for cards with low or no annual fees since your credit score may not qualify you for premium rewards cards that justify high annual fees.
- Free credit score monitoring: Many credit card companies now offer free credit score monitoring, helping you keep track of your progress as you work on improving your score.
- Rewards programs: Look for cards that offer decent rewards or cashback programs, in which you earn points for purchases made using the card. These points can then be redeemed for merchandise, travel, or statement credits.
- Introductory APR offers: Keep an eye out for credit cards that offer a 0% introductory APR on purchases and/or balance transfers. This can save you some significant cash if you plan on making large purchases or transferring high-interest balances.
Best credit card options for a 699 credit score
Here are some credit card options that you might consider if you have a 699 credit score:
- Capital One Platinum Credit Card: This card has no annual fee and offers free credit score monitoring. While it lacks a rewards program, it offers access to a higher credit line after making your first five monthly payments on time.
- Discover it Cash Back: With sizable cashback rewards rates on rotating categories and no annual fee, this card is perfect for those looking to earn rewards on their spending. It also features an introductory 0% APR offer for purchases and balance transfers for 14 months.
- Chase Freedom Flex: This card offers an attractive mix of cashback rewards, introductory APR promotions, and no annual fee. Additionally, it features a $200 sign-up bonus if you spend $500 during your first three months.
- American Express Blue Cash Everyday Card: Offering solid cashback rewards on groceries, gas, and select U.S. department stores, this card is ideal for everyday spending without an annual fee. It also features a 0% introductory APR on purchases for 15 months.
Credit Cards For 699 Credit Score Example:
Imagine that Jane has a 699 credit score and is looking to build her credit further and maximize her potential rewards. As an urban professional who spends a significant amount on groceries and eating out, she could benefit from the American Express Blue Cash Everyday Card. With a $0 annual fee, cashback rewards, and a 0% introductory APR, Jane can improve her credit score and earn rewards on her daily spending.
With the right knowledge and research, finding the perfect credit card for your 699 credit score is entirely achievable. Remember to consider factors like annual fees, rewards programs, and introductory APR offers when choosing the best card for your needs. And most importantly, focus on working towards improving your credit score for even more impressive financial opportunities.
Hopefully, this comprehensive guide has provided valuable insights into the world of credit cards for a 699 credit score. If you found this information useful, please feel free to share this article with others and explore more of the fantastic guides and tips on Flik Eco. Happy credit card hunting, and let's improve those credit scores!
