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What Are the Best Credit Cards for a 656 Credit Score?

Sophia FloerschVerified
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Summary：Looking for credit cards with a 656 credit score? Consider secured credit cards or Credit One Bank Platinum Visa. Read on for more options and tips to improve your credit score.

Best Credit Cards for a 656 Credit Score

When it comes to credit scores, a 656 may not be considered excellent, but it's not a bad score either. Having a 656 credit score means you have a fair credit score. You may have some late payments or accounts in collections, but you still have a chance to improve your credit score. If you're looking for a credit card that suits your credit score, there are several options to consider.

Secured Credit Cards

Secured credit cards are a great option for those with a fair credit score. They require a deposit that serves as collateral for your credit line. The deposit amount varies depending on the credit card issuer, but it's usually between $200 to $500. Secured credit cards are ideal for those who want to rebuild their credit score. Make sure to choose a secured credit card that reports to the major credit bureaus, so your credit score can improve over time.

Capital One Platinum Credit Card

The Capital One Platinum Credit Card is another option for those with a fair credit score. It doesn't require a deposit likesecured credit cards, but it has a higher interest rate. The credit limit is also lower, usually around $300 to $500. However, the Capital One Platinum Credit Card offers some benefits such as fraud coverage, extended warranty, and travel accident insurance.

Discover it Secured Credit Card

The Discover it Secured Credit Card is a popular option for those with a fair credit score. It requires a deposit of at least $200, and the credit limit is equal to the deposit amount. The Discover it Secured Credit Card offers cashback rewards on purchases, and it reports to all three major credit bureaus. After eight months, Discover will review your account and see if you're eligible for an upgrade to an unsecured credit card.

Credit One Bank Platinum Visa

The Credit One Bank Platinum Visa is designed for those with a fair credit score. It offers cashback rewards on purchases, and it reports to the major credit bureaus. The Credit One Bank Platinum Visa also offers some benefits such as fraud protection, free monthly credit score tracking, and zero fraud liability.

Tips for Applying for a Credit Card

When applying for a credit card, it's important to choose a credit card that suits your credit score. Avoid applying for too many credit cards at once, as this can negatively affect your credit score. Make sure to read the terms and conditions carefully, especially the interest rate, fees, and rewards program. Always pay your credit card balance on time and in full each month to avoid late fees and interest charges.

Saving Money with Credit Cards

Credit cards can help you save money if you use them wisely. Look for credit cards that offer cashback rewards or points that you can redeem for travel, merchandise, or other rewards. Make sure to pay your balance in full each month to avoid interest charges. Avoid carrying a balance on your credit card, as this can lead to high interest charges and debt.

Avoiding Credit Card Fees and Risks

Credit cards can come with fees such as annual fees, late fees, balance transfer fees, and foreign transaction fees. Make sure to choose a credit card with no annual fee or a low annual fee. Always pay your credit card balance on time to avoid late fees. Avoid taking cash advances on your credit card, as this can lead to high fees and interest charges. Be aware of credit card scams and fraud, and always monitor your credit card statements for any unauthorized charges.

Recommended Credit Card Companies

There are many credit card companies to choose from, but some of the most popular ones include Capital One, Discover, Chase, and American Express. Make sure to choose a credit card company that suits your needs and offers benefits such as rewards, fraud protection, and customer service.

In conclusion, having a fair credit score doesn't mean you can't get a credit card. Consider a secured credit card or a credit card designed for those with fair credit. Always read the terms and conditions carefully, and pay your balance on time to avoid fees and interest charges. Use your credit card wisely to save money and avoid risks. Choose a credit card company that suits your needs and offers benefits such as rewards and fraud protection.

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