There are many options for credit cards that can be used to obtain a credit card with a 630 score. You can choose from an unsecured or store credit card. A business credit cards is also available. Your credit score is important in selecting 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 types of credit cards can offer lower interest rates and better rewards programs. Many unsecured credit card offers introductory offers, which offer bonus miles, points, or cash back. You may also be eligible for a 0 percent APR period, during which you can purchase without interest. Unsecured cards can be a good option for those who don't want an introductory period.
Although many unsecured credit cards require security deposits, those with the highest credit scores (630 or higher) don't have to be. Unsecured cards require a smaller security deposit than secured credit cards. This can be as low at $200. This makes them an attractive option for those with lower credit scores.
Store cards
A variety of credit cards are available to people with a credit score less than 630. For example, the Surge Mastercard helps consumers rebuild credit scores by reporting on-time payments at credit bureaus. Continental Finance issued this card. It provides credit lines from $300 to $1000. It can be increased to $2,000 after six months of responsible usage. You also get a $99 security deposit or $200 refundable guarantee with this card.
The Credit One Bank Visa for Rebuilding Credit is another option. You can earn 1% cashback for qualifying purchases with this credit card. The card is simple to get and you can also apply for it without having to check your credit score.
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. If you are looking to build your credit history and rebuild your credit score, secured cards can be a great option.
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 may also be able to pay your card in installments. This is an option for people with lower credit scores who need to be able to afford a creditcard.
Business credit cards
If you're looking to improve your business credit score, you may want to consider applying for a business credit card. 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. However, business credit cards can have higher fees and interest rates than personal cards. You should remember, however that business credit card debts can impact your personal credit score.
It is important that you carefully review the terms and condition of any business credit card application. Many companies will only approve applicants who have 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 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' responsible use, the card will give you up $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. You will earn 2% cash back when you purchase gas stations or restaurants. The annual fee is zero. It can also be used to buy at Amazon or Uber. You'll earn 1% back.