If your credit score is in the 600s, you still have some work to do before you can break into the big leagues after 700, but you’re not in the basement either.
The next card you choose could be your ticket to the realm of great credit, where you’ll get the best perks, the fanciest cards, and the lowest interest rates. But for now, where you land between 600 and 700 will determine which cards offer your best chance of approval.
The ranges vary by rating model and different card issuers have different standards. But according to Experian, scores between 580 and 669 are generally considered fair, and 670-739 are generally considered good. To avoid rolling the dice with a tough application, use the card issuer’s pre-approval tool to assess your chances before applying without affecting your credit.
No credit score guarantees a card’s approval, and issuers generally do not list recommended ratings. But they offer guidelines for terms such as “fair,” “good,” or “excellent” credit to target specific applicants.
Chase unlimited freedom®
If you’re in the 600s and your other finances are strong, try the Chase Freedom Unlimited Visa Card. Consistently rated as one of the best everyday use cards on the market, it offers benefits usually reserved for people with excellent credit.
Forbes and US News and World Report say you must have a score of at least 670 to apply.
If you are successful, you will have a chance to get one of the best bonuses for any card with no annual fee. To get the $200 sign-up incentive, you only need to spend a modest $500 in the first three months. There’s also a generous 5% cash back bonus on grocery purchases – excluding Target and Walmart – up to $12,000 in the first year. That’s another $600 return for a combined maximum of $800 in the first year.
Beyond that, you get 5% on travel purchases and 3% on pharmacy and restaurant purchases, including takeout and delivery. Everything else earns 1.5% – and points never expire.
The icing on the cake is that this card has no annual fee.
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Capital One SavorOne Cash Rewards
Like Chase Freedom Unlimited, CapitalOne offers rewards you’d typically expect to earn only if you have great credit – but if you’re in the 600s, you’re in the running.
Experian says you’ll need a “good to outstanding” credit score without quoting a number, and Motley Fool cites 670 as the minimum requirement.
Capital One only sets out general guidelines, which are quite lenient. The bank recommends applying if you have:
Has never declared bankruptcy or defaulted on a loan
Haven’t been more than 60 days past due on a credit card, medical bill, or loan in the past year
Had a loan or credit card for at least three years with a credit limit over $5,000
If you’re approved, you’ll earn unlimited 3% cash back on groceries, streaming, dining, and entertainment and 1% cash back on everything else. Like Chase Freedom Unlimited, new cardholders can earn $200 in cash with a minimum spend of $500 in the first three months, all with no annual fee.
Capital One QuicksilverOne
Credit Karma calls QuicksilverOne “an accessible cash back card.” It’s open to those with average, fair, and even limited credit, so if you’re in the low 600s, this card is a good place to start. It’s designed for people like you who are working to build bad credit.
Capital One says it’s for applicants with “fair” credit, who should apply even if they:
Have defaulted on a loan in the past five years
Have a limited credit history
Have a credit card for less than three years, including students, newcomers to the United States, or authorized users on someone else’s credit card
You’ll get unlimited 1.5% cash back on everyday purchases – a great perk for a fair credit card that can quickly wipe out the $39 annual fee. The APR is high, but those trying to build credit will appreciate that you are screened for a higher line of credit in as little as six months.
Petal 2 Visa credit card
Forbes calls WebBank’s Petal 2 “one of the best of the bunch when it comes to cards for those with less than stellar credit.”
Those in the low 600s are definitely in contention.
The card has no fees – a rarity for this class of card – including annual fees, foreign transaction fees and even late fees.
Petal 2 encourages responsible card use through a unique cash-back structure. You get 1% cash back immediately when you make a purchase, but it increases to 1.5% when you pay on time. Additionally, a 2% to 10% cashback bonus is available at select merchants.
You’ll get a credit limit between $300 and $10,000, which can increase as you stay in good standing over time, and you’ll build credit with responsible use when the card passes through all three bureaus.
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Information relating to Chase Freedom Unlimited has been collected by GOBankingRates and has not been reviewed or provided by the issuer of this product/card. Product details may vary. Please check the issuer’s website for up-to-date information. GOBankingRates does not receive commission for this product.
This article originally appeared on GOBankingRates.com: 4 Best Credit Cards For People With A Credit Score Below 700