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The 5 Best Credit Cards for People with a 630~690 Credit Score

February 4, 2020

Individuals with fair or average credit are those whose FICO scores range between 630 – 689. For consumers with excellent credit, a wide variety of credit cards are available – most of these offer excellent perks such as hefty sign-up bonuses. People who have fair credit are usually not eligible for these cards; however, they can still sign up for certain credit cards that offer benefits like cash-back.

Credit cards meant for individuals with fair credit can help those who are just starting out with credit, or those who are looking to rebuild a damaged credit score. However, one thing to remember is that such cards usually charge a high interest rate, so carrying a balance on these can prove to be quite problematic.

Provided below is a list of credit cards best suited to those with fair credit:

Capital One Quicksilver One Cash Rewards Credit Card: This card is ideal for those who have fair credit, yet are looking for a card that offers rewards. You get 1.5% flat cash-back on all purchases without the hassle of activating or keeping track of bonus categories. Moreover, if you make your first five monthly payments on time, you may get access to a higher credit line. There is no intro APR, and the on-going APR rate is 26.96% variable. The drawback of this card is that it has an annual fee of $39, so you’ll need to spend $2600 on this card to earn that amount back.

Capital One Platinum Credit Card: The card offers great flexibility. You can choose your own due date as per your cash flow, and even if you make a late payment, there is no penalty APR. There is no annual fee, so you don’t have to pay a penny towards the cost of carrying the card. It rewards you for responsible behavior – if you make your first five payments on time, you may get access to a higher credit line. There is no intro APR, and the on-going APR rate is 26.96% variable. The drawback of this card is that it offers no rewards for spending.

Capital One Spark Classic for Business: If you are a small business owner, this credit card will offer you a higher line of credit compared to personal credit cards. You also get rewards such as 1% cash-back on every purchase, benefits like free employee cards, and year-end summaries. In case you travel internationally for business, you don’t have to pay any foreign transaction fees. Moreover, there is no annual fee. The on-going APR is 25.24% variable, which means that carrying a balance on this card will prove to be very expensive. The other drawback is that unlike other top business credit cards, there are no rewards for spending on rotating categories.

Deserve Edu Mastercard for Students: This is a great card for students who are looking to improve their credit score. In fact, it is a great pick for international students as well, since you don’t have to provide a Social Security Number while applying. The reward offered is 1% cash-back on all purchases. You also get complimentary cell phone insurance up to $600. There are no foreign transaction fees or annual fees on this card. There is no intro APR and the on-going APR stands at 20.99% variable. The drawback is that there is no sign-up bonus or opportunity for increased rewards in bonus categories.

ABOC Platinum Rewards Card: The card offers great rewards including a sign-up bonus of $150 Statement Credit after you spend $1,200 on purchases within the first 90 days from account opening, the opportunity to earn 5 points per $1 spent on up to $1,500 in combined spending in categories that change each quarter (1 point per $1 spent on everything else) and 0% Intro APR on Purchases and Balance Transfers for 12 months. There is no annual fee on this card. There is no intro APR on purchases, and the on-going APR stands at 15.15% - 25.15%, variable – depending on your creditworthiness. The drawback is that there is a foreign transaction fee, so it's not ideal for international use.

$50,000 - $250,000 at 0% Interest

At Fund&Grow, we help clients with good credit obtain $50,000 - $250,000 of unsecured credit at 0% interest. Available for a period of 6, 12 or 18 months, this amount can be used for anything – from funding a small business to providing a down payment on a property. So, if you know someone who needs this sort of financing, call us at (800) 996-0270 and we will help them out right away.

Ari Page Ari Page is the CEO of Fund&Grow. He resides in Spring Hill, Florida with his wife and two children.

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