There are many options for credit cards that can be used to obtain a credit card with a 630 score. You can get an unsecured credit card, a store credit card, or even a business credit card. When choosing the right credit card, it is important to consider your credit score.
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 cards offer better rewards programs and lower interest rates. Many unsecured cards offer introductory deals that include cash back, bonus miles, points, and/or bonus miles. They may also offer a 0 Percent APR period that allows you to make purchases without having to pay interest. If you don't need an introductory period, unsecured credit cards can still be a great choice.
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. Unsecured credit cards do not require a security deposit like secured credit cards. They can only take $200. They are a good option for people with low credit scores.
Store cards
There are several different credit cards available for people with a credit score of 630 or lower. The Surge Mastercard, for instance, helps consumers rebuild their credit score by reporting on-time payments to the credit bureaus. Continental Finance issued this card. It provides credit lines from $300 to $1000. After six months of responsible credit use, the limit can be raised to $2,000 for a short time. 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. This credit card also offers a rewards plan, which allows you to earn 1% cashback when you purchase qualifying items. The application process is straightforward and will not require you to run your credit report.
Secured credit card
Secured credit cards are an excellent option for those with low credit scores. These cards don’t come with an annual fee. Cash advances and balance transfers are subject to fees. An additional $40 fee can be charged for late payments or refunds. 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 allows you to build positive credit histories and improve your score. Many secured card issuers allow you to make monthly payments. This makes it possible for those with low credit scores and to pay off their credit card balances in installments.
Credit cards for businesses
A business credit card is a great way to increase your credit score. These cards are intended to help you build your business credit and get the best rate for business loans. A card with rewards can help you separate your personal and business expenses. The drawback to business credit cards is the higher fees and interest rates that are charged than personal cards. But, it is important that you remember that any business credit card balances may have an effect on your personal credit score.
When applying for a business credit card, it is crucial to carefully review the details of the terms and conditions. Many companies will only approve applicants who have excellent credit. Therefore, it's vital to know the minimum credit score required before applying.
Cash back credit Cards
You can search for credit cards with cash back rewards if you have a 630 credit rating. There are options that offer lower APRs and higher credit limits. 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. This card will offer you up to a $2,000 credit line after six months of responsible use. You will also get a free credit score analysis in your monthly electronic statement.
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. It can be used to purchase at Uber or Amazon, where you'll get 1% cash back.