How many times have you walked into a store and been offered their store credit card with appealing promises of discounts, perks, and cashback rewards, only to be left wondering if it's a good deal or not? The truth is, store credit cards can be an excellent way to save money and build credit, especially if you have a credit score around 600. In this article, we'll dive into the best store credit cards for a 600 credit score and show you how they can help improve your financial situation.
Store Credit Cards For 600 Credit Score Table of Contents
What is a 600 Credit Score?
A credit score is a numerical representation of your creditworthiness, and it's based on your credit history. A score of 600 is considered "fair" by most credit reporting agencies, which means you have room for improvement but also have access to some credit products.
Why Consider a Store Credit Card?
Store credit cards can be easier to obtain with a lower credit score, and they often come with some attractive benefits. Some of the advantages of store credit cards include:
- Lower credit score requirements
- Discounts and rewards specific to the store
- Building credit history
- Exclusive offers and promotions
Best Store Credit Cards for a 600 Credit Score
1. Walmart Credit Card
The Walmart Credit Card offers a wide range of benefits that can help you save money and build credit. Some of the key features include:
- 5% cashback on Walmart.com and Walmart app purchases
- 2% cashback on Walmart purchases in-store, at Walmart gas stations, and on travel and dining
- 1% cashback on purchases everywhere else Mastercard is accepted
- No annual fee
2. Amazon Prime Store Card
If you're a frequent Amazon shopper, the Amazon Prime Store Card might be a perfect fit for you. With this card, you can enjoy:
- 5% back on Amazon.com purchases for Prime members
- Special financing options on large purchases
- No annual fee
3. Target REDcard
For Target enthusiasts, the Target REDcard offers some impressive benefits, such as:
- 5% discount on eligible Target purchases in-store and online
- Free shipping on most items at Target.com
- Extended returns (an extra 30 days)
- No annual fee
Store Credit Cards For 600 Credit Score Example:
Imagine you're a loyal Walmart shopper who spends approximately $300 a month on groceries and household items in-store. With the Walmart Credit Card, you would earn 2% cashback on these purchases, totaling $6 in cashback rewards each month. Over a year, that's $72 you've saved just by using this specific credit card.
Now, consider your online Walmart purchases for things like clothing, electronics, and gifts. If you spend an additional $150 a month on these items, you'd save $7.50 per month with the 5% cashback offered by the Walmart Credit Card. Adding those savings up over a year, and you'd save an additional $90.
Combining both in-store and online purchases, you'd save a total of $162 per year just by using the Walmart Credit Card.
Having a 600 credit score doesn't mean you can't enjoy some of the perks and rewards of store credit cards. By choosing one that fits your shopping habits, you can save money, build your credit, and improve your financial standing. So go ahead, apply for one of these great store credit cards featured in this article and enjoy the benefits!
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