What are the best credit cards for a 650 credit score?

This question is about Credit Cards for Fair Credit

Adrian Kaplan, Member

@kaplanlier11 01/22/21 This answer was first published on 03/12/19 and it was last updated on 01/22/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The best credit card for a 650 credit score is the Capital One Platinum Credit Card. It has a $0 annual fee, which means you have access to the entire credit limit from the start. The credit limit will be a minimum of $300. You’ll also have a chance for a credit limit increase when you make your first five payments on time. But you’ll want to avoid carrying a balance from month to month. The Capital One Platinum Credit Card comes with a 26.99% (V) regular APR.

A 650 credit score is near the low end of the fair credit score range. People with fair credit typically have a tough time getting approved for cards with favorable terms and rewards. But if you don’t mind paying a small annual fee, Capital One offers the Capital One QuicksilverOne Cash Rewards Credit Card. It gives 1.5% cash back on all purchases in exchange for a $39 annual fee. Otherwise, it’s pretty similar to the Capital One Platinum Credit Card.

Thomas Friedman, Member

@ultralight11 03/15/19 This answer was first published on 03/15/19. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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People with a 650 credit score should consider opening a secured credit card account. Secured cards have easy approval and few fees. The best secured card is the Discover it® Secured Credit Card. It offers 1 - 2% cash back on purchases and automatically matches all cash back earned at the end of your first year. There’s a $0 annual fee.

Frieda Reiss, Credit Card Fanatic

@freiss 04/08/19 This answer was first published on 04/08/19. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Capital One QuicksilverOne Cash Rewards Credit Card is a great choice when you have a score of 650. You earn unlimited 1.5% cash back on every purchase but it has an annual fee of $39.

Good Credit Cards for a 600 Credit Score:

Secured Mastercard® from Capital One

Discover it® Secured Credit Card

BBVA Compass Business Secured Credit Card

OpenSky® Secured Visa® Credit Card

Navy Federal Credit Union nRewards® Secured Credit Card

SunTrust Secured Credit Card

To learn more, check out WalletHub’s guides on secured credit cards and how to rebuild credit.

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What are some easy credit cards for fair credit?

Easy credit cards for fair credit are cards that even people with limited credit or bad credit can get. There are plenty of credit cards that require fair credit, at a minimum. But if easy approval is what you’re after, you’ll want to exceed the card’s requirements rather than just meeting them.… read full answer

Checking for pre-approval will give you a good idea of which credit cards will be easiest to get with your fair credit score. If you get pre-approved for a credit card, you have about a 90% chance of a successful application. Most major credit card companies let you check for pre-approval, including Bank of America, Capital One, Chase, Citi, Discover, and Wells Fargo.

That said, I’ll highlight a handful of specific cards that offer great terms and tend to be pretty easy for people with fair credit to get.

Easy Credit Cards for Fair Credit:

QuicksilverOne Cash Rewards Credit Card. The annual fee is $39. You’ll get 1.5% cash back on all purchases. The card requires limited credit.

Capital One Platinum Credit Card. There’s no annual fee or rewards. You can get the card with limited history.

Capital One Secured Mastercard. This card doesn’t charge an annual fee. The initial deposit will be $49, $99 or $200, depending on your credit worthiness. There are no rewards, and you can get approved with bad credit.

Discover it Secured Card. There’s a $0 annual fee and the minimum security deposit is $200. You’ll get 2% cash back on your first $1,000 spent per quarter on gas and at restaurants. You get 1% everywhere else. You can get this card with bad credit.

Target Credit Card. There’s a $0 annual fee. You save 5% on Target and Target.com purchases. Free shipping on most Target.com purchases. This card requires fair credit.

It’s not hard to find easy credit cards for fair credit, even ones with rewards. But it is hard to find 0% intro rates for financing. So it’s probably best to pay off your balance in full each month. And if you pay it on time consistently, you should see your credit score start moving up toward the good credit range.

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