What Can You Do with a 660 Credit Score for Credit Card Approval?

As an expert in credit cards, you may wonder what can be done with a 660 credit score for credit card approval. In this article, we will explore the different options available for individuals with a 660 credit score looking to apply for credit cards.

What is a 660 Credit Score?

A 660 credit score falls under thefair creditcategory, according to FICO, which ranges from 580 to 669. This score indicates that the individual has a reasonable credit history, but there may still be some negative marks present, such as late payments or high credit utilization. While a 660 credit score may limit the options available for credit card approval, it is still possible to find credit cards that suit your needs.

Credit Card Options for a 660 Credit Score

Secured Credit Cards: A secured credit card requires a deposit, which becomes the credit limit for the card. This deposit acts as collateral for the credit card company, lowering the risk of default for the company. Secured credit cards are an excellent option for individuals with a 660 credit score as they have a higher chance of approval and can help improve credit scores with responsible use.

Store Credit Cards: Store credit cards are issued by retailers and can only be used at their specific stores. These credit cards typically have lower credit score requirements and may offer rewards and discounts for store purchases. However,store credit cardsoften have higher interest rates and fees, so it is important to read the terms and conditions before applying.

Credit Cards for Fair Credit: Several credit cards are available specifically for individuals with fair credit. These credit cards may offer rewards and have lower fees than secured or store credit cards. However, they may still have higher interest rates and lower credit limits.

Tips for Applying for Credit Cards with a 660 Credit Score

When applying for credit cards with a 660 credit score, there are several tips to keep in mind to increase the chances of approval:

- Pay off any outstanding balances and reduce credit utilization to less than 30%.

- Check for errors on credit reports and dispute any inaccuracies.

- Apply for credit cards that have lower credit score requirements.

- Consider applying for a secured credit card to improve credit scores with responsible use.

Credit Card Savings and Risks

While credit cards can offer convenience and rewards, it is essential to be aware of the potential risks and fees associated with credit cards. Annual fees, late fees, and high interest rates can add up quickly, leading to financial difficulties. It is crucial to read the terms and conditions carefully and pay off balances in full each month to avoid fees and interest charges.

Credit Card Company Recommendations

Severalcredit card companiesoffer credit cards for individuals with a 660 credit score. Some of the recommended options include:

- Capital One QuicksilverOne Cash Rewards Credit Card

- Discover it Secured Credit Card

- Indigo Platinum Mastercard

- Credit One Bank Platinum Visa

In conclusion, while having a 660 credit score may limit the options available for credit card approval, there are still several credit card options available. By understanding credit card options and using responsible credit card practices, individuals with a 660 credit score can improve their credit scores and access more credit options in the future.