Credit cards for a 630 credit score are available in a variety of forms. You can apply for an unsecured card, a credit card that you can use at a shop, or a business card. When choosing the right credit card, it is important to consider your credit score.
Secured credit cards
You can apply for unsecured cards with a high credit limit if your credit score exceeds 630. 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
A variety of credit cards are available to people with a credit score less than 630. Surge Mastercard is one example. It helps consumers rebuild their credit by reporting on time payments to credit bureaus. Continental Finance issues the Surge Mastercard, which offers a credit line from $300 to $1000. After six months of responsible and consistent use, it can increase to $2,000 in a limited amount of time. The card comes with a $99 or $200 refundable security deposit.
Another option is The Credit One Bank Visa for Rebuilding Credit. You can earn 1% cashback for qualifying purchases with this credit card. It is easy to apply for this card. The pre-qualification process will let you know if your credit is good enough.
Secured credit cards
For those with poor credit scores, secured credit cards can be a great option. These cards don't require an annual fee. However, balance transfers and cash advances come with fees. Late payment and returned payment charges of up to $40 may also be applicable. Secured cards are an excellent choice for people who want to start building their credit history or rebuild their credit score.
Unlike prepaid debit cards, secured cards report your activities to the major credit bureaus. This helps you build credit and raise your score. You may also be able to pay your card in installments. This helps people with low credit scores reach the amount required for a credit card.
Business credit cards
A business credit card is a great way to increase your credit score. These cards will help you build credit for your business and secure the best interest rates for your business loan. With a reward card, you can separate business expenses from personal ones. The downside to business credit cards is that the fees and interest rates are generally higher than those on personal cards. But, it is important that you remember that any business credit card balances may have an effect on your personal credit score.
It is important that you carefully review the terms and condition of any business credit card application. Many companies only approve applicants with excellent credit. Before applying, it is essential to be aware of the minimum credit score.
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 may also be eligible for a secured card like the Surge Mastercard. The credit bureaus will receive a report of your on-time payments. After six months of responsible usage, this card can offer you a $2,000 credit limit. A monthly estatement will include a free credit score report.
Discover it is another option for cash-back credit cards for those 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. It can also be used to buy at Amazon or Uber. You'll earn 1% back.