View this list of the Best Credit Cards for a 650 Credit Score updated for 2018 below.
FICO considers a Credit score of 650 an acceptable/fair ranking.
With this kind of a score, you’re not a subprime borrower.
However, you’ve had some issues and could use a little diligence and financial discipline to get at the top of the lending pier.
The best lending services are always reserved for those with FICO scores above 700. However, that’s not to say you can’t get a good deal with a 650 credit score.
Best Credit Cards for a 650 Credit Score
Below you’ll find the best Credit Cards for a 650 credit score. Included are those that offer rewards/bonuses in addition to cards that maybe easier to get approved.
#1 Capital One® Platinum Credit Card
This card is specifically intended for those with fair/acceptable credit (580 – 669). The best credit cards for a 650 credit score would be those easiest to get approved. This one fits that category. Here are some details:
- Annual Fee – $0
- Rewards – None
- APR – 24.99% (variable)
- Late Fee – $38
- Cash Advance Fee – 3%
#2 Capital One® QuicksilverOne® Cash Rewards Credit Card
Interestingly, there are reports of people with 634 credit scores being approved for the Capital One® QuicksilverOne® Cash Rewards Credit Card.
It’s included as among the best credit cards for a 650 credit score as it also offers benefits. Here are some important facts:
- Annual Fee – $39
- Rewards – 1.5% cashback
- APR – 22.98 – 28.90% (variable)
- Late Fee – $38
- Cash Advance Fee – the greater of $10 or 3%
#3 Chase Freedom Unlimited®
A good credit score of 680 is an ideal starting point when it comes to ensuring approval. However, there are reports of people being accepted with 645 and 650 credit scores based on some articles.
Either way, with the Chase Freedom Unlimited® card, you can earn a decent rewards sign-up bonus and enjoy an unlimited 1.5% cashback on every purchase once approved. Here are a few interesting details below:
- Annual Fee – $0
- Sign-Up Bonus – $150 if you spend $500 in 3 months
- APR – Variable (16.74% – 25.49%)
- Balance Transfer – the greater of either $5 or 5%
- Foreign Transaction Fee – 3% of every transaction
#4 Discover it® Secured Credit Card
Secured credit cards are a safe bet to improving your 650 credit score. You deposit a certain amount of money which becomes your credit limit.
This secured credit card comes with benefits like being able to view your FICO score on a monthly basis. That’s in addition to cash back rewards. Here are some other good benefits:
- No annual fee for this card
- APR – 24.74%
- Earn 2% cash back on gas stations and restaurants (up to $1,000 each quarter) and 1% cash back on everything else
- Free FICO score on mobile or monthly statements
- They match your cash back at the end of your first year.
- Your credit limit will be whatever you deposit (either $200 or $2,500)
Credit Cards for Poor Credit – (Pre-Qualified Cards)
If strictly interested in building your credit and don’t want to risk denial, pre-qualified cards may be the way to go. Otherwise you can employ the aid of credit repair professions at creditrepair.com – Learn more .
#5 First Progress MasterCard
Issued by Synovus Bank, First Progress MasterCards offer three secured credit card options with varying APRs and annual fees.
You deposit anywhere from $200 to $2,000 dollars on all three cards and can only spend up to the amount you deposit.
No minimum credit score or credit history necessary to apply for any of these cards. Here are the cards they offer and important details :
[A] – Platinum Prestige MasterCard® Secured Credit Card
- APR – 10.24% (variable)
- Annual Fee – $49
- Cash Advance Variable APR – 19.24%
[B] – Platinum Select MasterCard® Secured Credit Card
- APR – 14.24% (variable)
- Annual Fee – $39
- Cash Advance Variable APR – 20.24%
[C] – Platinum Elite MasterCard® Secured Credit Card
- APR – 20.24% (variable)
- Annual Fee – $29
- Cash Advance Variable APR – 25.24%
#6 Milestone® Gold Card
For those with limited/bad credit history, the Milestone® Gold Card is another option. Here are some details:
- Primarily, this credit card is made for those people with poor credit. It has a fixed APR (23.90%) and a lower credit limit, but it works fairly well in most circumstances.
- Just like the prior card, the Milestone Gold Card has an annual fee that ranges between $35 and $75 depending on your current credit scores.
- Pre-qualification happens automatically as you register for this card. The response on inquiries into your card details is also pretty fast.
- Specifically aimed at those with poor credit, your credit limit will be relatively low. However, this should work fine if you don`t have too many credit needs.
#7 Indigo® Card
Again, for those who’ve had trouble establishing credit, the Indigo MasterCard comes as a solution. It’s described as “the credit card for the not so perfect people” by its providers.
- The card does not come with any rewards and no balance transfers whatsoever.
- It, however, has a slightly higher than average APR, standing at 23.9% and a reasonably lenient first year of use.
- Based on your credit profile you can expect to pay an annual fee at these amounts: $0, $59 or $75.
- Registration is pre-qualified and does not require a lot of prerequisite details like credit history.
- The amount of credit is rather low, but if you’re looking at building your credit history, getting it would be quite a plus to it.
#8 Open Sky Secured Card
The APR rate for this Visa card can be said to be reasonable in any circumstances. It is low and the card does not come with the kind of yearly pay rates that make credit cards boring and cumbersome sometimes. Here are the details:
- There’s absolutely no credit checking when you request for the card. The whole process is built to avail credit cards to those who are unable to be approve for conventional options.
- On the onset, you’ll need to place a refundable deposit with the card providers. It’s not a fixed amount as such since you can deposit anything from as low as $200 to start off.
- A huge benefit is that you’re able to build credit fast and easily, since it’s connected to all the three credit bureaus available to cardholders.
The bottom line
Finding the best credit cards for a 650 credit score might seem like an impossible situation, but it’s not so at all.
There’s a myriad of credit cards ready to help you build your credit score as you go along.
Some of them have rewards for you, some don’t, but the bottom-line is to pick the best one you feel will help improve your credit.
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