You can still qualify for a credit card even if you have an average credit score that is in between 650 – 700. Many of the card designed for card holders with average score provide cash back and rewards program that rewards customers for using the card. The following are the top 5 credit cards for people with a credit score in between 650 – 700.
1. Chase Freedom
Chase Freedom cash back credit card provides up to 5% cash back on per dollar spent for the first $1,500 that you spend in the bonus categories. You are eligible for 1% cash back for spending on items not related to the bonus categories. Chase Freedom is ideal for people with a credit score in the upper 600 range to slightly under 700. Chase Freedom can provide a decent cash bonus of $150 for those who have spent at least $500 within 3 months. There is no annual fee on the card.
2. Chase Slate
Chase Slate is another credit card suitable for those with average credit score. It is not a cash back card so you won’t receive any rewards points for the transactions made on the card. It does run a zero percent promotion that lasts for 15 months and the balance transfer fee is waived if the balance is transferred within the first 60 days. This makes the card suitable for consolidating credit card debts with high interest or funding a large purchase.
3. Capital One QuicksilverOne Cash Rewards
Capital One QuicksilverOne Cash Rewards credit card let you earn unlimited 1.5% cash back on all your purchases. The card may have a low credit line but it can increase if you make prompt payment for at least 5 months. The annual fee is quite affordable and only costs $39 per year.
4. Wells Fargo Propel American Express Card
Wells Fargo Propel American Express Card offers 20,000 bonus points when you have spent a minimum of $1,000 within a 3 months period. Besides the signup bonus points, you can also earn 3x points every time you use your credit card to pay for your gas expenses at the local petrol station and 2x points when you use the card to pay for your dining bill at a local restaurant. All other purchases will qualify you to earn 1x point. The points can be redeemed with travel voucher, gift card and merchandises.
5. Discover it Chrome for Students
Discover it Chrome for Students is suitable for students of a local college with credit score in the range of 650 – 700. Students who have achieved a minimum GPA of 3.0 will get a cash back bonus worth $20. The cash back that you have accumulated will be matched at year end so you earn 2x of your accumulated cash back. It has rewards program that rewards customers with a 5% cash back that spend money on rotating bonus categories. The card has no annual fee, late APR charge and the late payment fee is waived on the first late bill payment.