Credit cards for a 630 credit score are available in a variety of forms. You can choose from an unsecured or store credit card. A business credit cards is also available. It is important to understand that credit scores are an important consideration when choosing the right card.
Unsecured credit cards
If your credit score is greater than 630, you may be eligible for unsecured credit card with a higher credit limit. These credit cards are often more attractive because they offer lower interest rates as well as better rewards programs. Many unsecured credit cards have introductory offers that offer cash back, bonus points, or miles. Additionally, you may be able to purchase items without paying interest for up to a period of 0 percent APR. Unsecured cards can be a good option for those who don't want an introductory period.
While many unsecured credit cards require a security deposit, the best ones for 630 credit scores aren't capped at that level. Unsecured cards require a smaller security deposit than secured credit cards. This can be as low at $200. These cards are attractive for people with lower credit scores.
Store cards
For people with credit scores below 630, there are many credit cards that can be used. Surge Mastercard is one example. It helps consumers rebuild their credit by reporting on time payments to credit bureaus. This card, issued by Continental Finance, offers a credit line of $300 to $1000. It can be increased to $2,000 after six months of responsible usage. You can also get a refundable security deposits of $99 and $200 with this card.
Another option is The Credit One Bank Visa for Rebuilding Credit. This credit card has a rewards program that allows you to earn 1% cashback on qualified purchases. This card is easy-to-qualify for. You can get pre-qualification without running your credit report.
Secured credit cards
Low credit scores can benefit from secured credit cards. These cards don’t come with an annual fee. However, balance transfers and cash advances come with fees. You may also have to pay a late payment or a returned payment charge of $40. Secured cards are an excellent choice for people who want to start building their credit history or rebuild their credit score.
Secured cards, unlike prepaid debit cards can report your activity to major credit bureaus. This helps you build credit and raise your 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
A business credit card is a great way to increase your credit score. These cards help you to build your credit history and obtain the best possible rates for business loans. You can also separate your business expenses from personal expenses with a card that offers rewards. Business credit cards have higher interest rates and fees than personal cards. Keep in mind, however, that business credit cards can have a negative impact on your 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. You should know what the minimum credit score is before you apply.
Cash back credit Cards
You may be able to find credit cards that offer cash back rewards and lower APRs if your credit score is less than 630. You can also apply for a secured credit card, such as the Surge Mastercard, which will report your on-time payments to the credit bureaus. After six months of responsible use, you can get up to $2,000 credit. You'll also receive a credit score report with your monthly e-statement.
Another option for cash back credit cards for a low credit score is the Discover it card. 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 for purchases at Uber and Amazon, where you'll earn 1% cash back.