You can get credit cards with a 630 credit score in many forms. You can apply for an unsecured card, a credit card that you can use at a shop, or a business card. It is important to understand that credit scores are an important consideration when choosing the right card.
Unsecured Credit Cards
If you have a credit score of over 630, unsecured credit cards can be applied for with a high limit credit. These credit cards may offer lower interest rates and more rewarding programs. Many unsecured credit cards have introductory offers that offer cash back, bonus points, or miles. They may also offer a 0 Percent APR period that allows you to make purchases without having to pay interest. Unsecured credit cards are a great option if you don't require an introductory period.
Many unsecured credit card applications require a security deposit. However, the top ones that are available for those with 630 credit scores or better don't need one. Unlike secured credit cards, unsecured credit cards require only a small security deposit, which can be as low as $200. They are a good option for people with low credit scores.
Store cards
For people with credit scores below 630, there are many credit cards that can be used. Surge Mastercard for example helps consumers rebuild their credit score through timely payments to the credit bureaus. Continental Finance offers this card with a credit limit of $300 to $1000. After six months, you can get it up to $2,000 if you are responsible. You also get a $99 security deposit or $200 refundable guarantee with this card.
Another option is to apply for the Credit One Bank Visa for Rebuilding Credit. This credit card offers a rewards policy, whereby you can earn 1% cashback on qualifying purchases. The card is simple to get and you can also apply for it without having to check your credit score.
Secured credit card
For those with poor credit scores, secured credit cards can be a great option. These cards are not subject to an annual fee. There are fees for balance transfers and cash advances. A late payment or returned payment charge of $40 can also apply. Secured cards can be an excellent option for those who wish to improve their credit score or build their credit history.
Unlike prepaid debit cards, secured cards report your activities to the major credit bureaus. This helps you build your credit history and higher score. You can also pay your secured card account in monthly installments. This allows people with poor credit scores to get a credit card.
Business credit cards
You might want to apply for a business card if you are looking to improve your credit score. These cards can help you establish a credit history for your business and get the best rates on business loans. You can also separate your business expenses from personal expenses with a card that offers rewards. The downside to business credit cards is that the fees and interest rates are generally higher than those on personal cards. You should remember, however that business credit card debts can impact your personal credit score.
It is important to read the terms and conditions carefully before applying for a business card. Many companies will only approve applicants who have excellent credit. It is important to understand the minimum credit score needed before you apply.
Cash back credit cards
If you're looking for a credit card with cash back rewards, but have a 630 credit score, you can find options with a lower APR and a higher credit limit. You can also apply to a secured creditcard such as Surge Mastercard. It will report your payments to the credit agencies. After six months of responsible use, you can get up to $2,000 credit. A monthly estatement will include a free credit score report.
Discover it card is another choice for cash back credit accounts for people with low credit scores. This card offers 2% cashback on purchases made at gas stations and restaurants. It also comes with a zero percent per year fee. You can use it to make purchases at Amazon and Uber, where you will earn 1% cashback.