Don't let errors on your Credit Report hurt your future opportunities. Learn More

Home / Credit Scores / Best Credit Cards for 640 Score (Options & Unsecured)?

Best Credit Cards for 640 Score (Options & Unsecured)?

  • A 640 credit score limits your options for premium credit cards.
  • You can still find solid choices like the Capital One Platinum and Citi Double Cash® that help build your credit.
  • Call The Credit Pros for personalized support in reviewing your credit report and selecting the best card, potentially improving your score for better financial opportunities.

Pull your 3-bureau report and see how you can identify and remove errors on your report.

See How You Can Improve Your Score

89 people started their credit fight today - join them!

BBB A+ rating credit repair company

Related content: What Credit Cards Can I Get with a 600 Credit Score?

A 640 credit score still gives you solid credit card options. Look into the Capital One Platinum, Citi Double Cash®, and Petal® 2 Visa®. These cards often offer no annual fees, cashback rewards, and help you build your credit over time. You can find unsecured options, so you won’t have to worry about a deposit.

While a 640 credit score might limit some premium offers, you can still make smart choices. Seek cards with low interest and fees, and think about secured cards if you’re unsure about your approval odds. Use these cards wisely with timely payments and smart credit use. Staying aware of your credit habits can lead to better opportunities later on.

For personalized help, call The Credit Pros today. We’ll help you check your credit report and find the right credit card for you. Our friendly team will make the process easy and stress-free, getting you off to a great start in your credit journey.

On This Page:

    What Are The Best Credit Cards For A 640 Credit Score?

    The best credit cards for a 640 credit score include options designed for fair credit. Here are some of the top choices:

    • Capital One Platinum Credit Card: With a $0 annual fee and reports to all three major credit bureaus, you can build credit effectively.

    • Capital One QuicksilverOne Cash Rewards Credit Card: Despite a $39 annual fee, you get 1.5% cash back on all purchases, which is great for everyday spending.

    • Citi Double Cash® Card: No annual fee and you earn 2% cash back on all purchases-1% when you buy and 1% when you pay your bill.

    • Citi Custom Cash® Card: You get 5% cash back on your top eligible spend category each billing cycle, up to the monthly maximum, which can be very rewarding if you spend wisely.

    For higher approval odds, secured credit cards are also effective. The Capital One Quicksilver Secured Cash Rewards Credit Card is a popular choice. It requires a security deposit, usually starting at $200, and offers rewards like cash back.

    Check your eligibility before applying. Many issuers do not disclose specific credit score requirements, but generally, with a 640 credit score, you can find cards with lower fees and decent rewards.

    In a nutshell, look for cards with no or low annual fees, decent cash back, and consider secured options if necessary. This way, you can build your credit effectively.

    What Unsecured Credit Card Options Are Available For Fair Credit?

    For individuals with fair credit, several unsecured credit card options are available to help you rebuild or improve your credit score. Here are some noteworthy choices:

    • Citi Double Cash® Card: You earn 2% cash back on all purchases with no annual fee. Additionally, you get a 0% introductory APR for 18 months on balance transfers.

    • Petal® 2 Visa® Credit Card: This card offers 1% cash back on eligible purchases, with a potential increase to 1.25% or 1.5% after on-time payments. There are no fees or security deposits required.

    • Credit One Bank® Platinum Visa®: Tailored for rebuilding credit, this card starts with a $300 limit that can increase over time. Be mindful of a possible annual fee, but it can still improve your credit history.

    • Fortiva® Mastercard® Credit Card: This card provides a starting limit of $350 and is accessible even with bad credit. Check for any fees before applying.

    These options cater specifically to those with fair credit. Unsecured cards don't require a security deposit, making them more accessible. Compare fees and rewards based on your spending habits to maximize benefits.

    All in all, choosing the right card can help you improve your credit score while enjoying various perks.

    How Can A 640 Credit Score Affect My Credit Card Choices?

    A 640 credit score significantly affects your credit card choices. With a score in the "fair" range, you have limited options compared to those with better scores. You might qualify for basic or starter credit cards but miss out on premium rewards cards. Often, cards available to you may come with higher annual percentage rates (APRs) and fees.

    You should consider options like the Capital One Platinum Credit Card, which has no annual fee and a good approval rate for your score. Secured credit cards, such as the Capital One Quicksilver Secured Cash Rewards Credit Card, also provide a way to build your credit with a security deposit and the potential for rewards.

    Your score means lenders see you as a higher-risk borrower. This perception can lead to stricter terms, even if you apply for loans or mortgages. To improve your chances for better credit card options:

    • Focus on timely payments
    • Manage your credit utilization effectively
    • Regularly check and correct any inaccuracies on your credit report

    The takeaway here is to actively improve your credit score so you can unlock better credit terms and opportunities. Keep reading to learn how to boost your score and find the best offers for a 640 credit score.

    What Benefits Do Credit Cards Offer For A 640 Credit Score?

    Credit cards for a 640 credit score offer several benefits. You can access credit and build your credit history. Using a credit card responsibly shows lenders that you can manage credit, improving your score over time.

    You may find cards that provide rewards or cashback opportunities, even for lower credit scores. This allows you to earn benefits on purchases you already make. Look for cards with no annual fees to help you save money.

    Secured credit cards are another option. They require a deposit, which acts as collateral, and timely payments can boost your credit score.

    Using a credit card can enhance your credit utilization ratio, a key factor in your credit score. Keeping your balance low compared to your credit limit reflects positively on your credit report.

    At the end of the day, understanding what benefits do credit cards offer for a 640 credit score helps you make informed choices and improve your financial standing. Look for starter or store credit cards designed for fair credit to get started.

    Inaccuracies hurting your Credit Score?
    Securely review your full 3-bureau Credit Report (with a real expert).

    By clicking ‘Get Started’ I agree by electronic signature to: (1) be contacted by The Credit Pros by a live agent, artificial or prerecorded voice, and SMS text at my residential or cellular number, dialed manually or by autodialer even if my phone number is on a do-not-call registry (consent to be contacted is not a condition to purchase services); and (2) the Privacy Policy and Terms of Use.

    Can I Get Cash Back Or Rewards With A 640 Credit Score?

    Yes, you can get cash back or rewards with a 640 credit score, although your options might be more limited than those with higher scores.

    You can find cash back programs even with fair credit. For instance, the Discover it® Cash Back card offers rotating categories with higher cash back percentages and a flat rate for other purchases.

    Approval odds for cash back cards depend on factors like your income and credit history. Checking for pre-approval offers can help gauge your chances without affecting your credit score.

    Using a cash back card responsibly-paying on time and managing your credit utilization-can help improve your credit score over time. While rewards may not be as attractive as those for higher scores, you can still save on everyday purchases.

    Lastly, it's wise to compare options and consider improving your credit score for better rewards in the future.

    What Features Should I Look For In Credit Cards For Fair Credit?

    When selecting credit cards for fair credit, you should focus on several key features.

    First, consider the interest rates. Credit cards for fair credit often come with higher interest rates. Look for the lowest APR available to minimize costs if you carry a balance.

    Next, assess the annual fees. Some cards may charge annual fees, so determine if the fee aligns with the card’s benefits for you.

    Evaluate the credit limits. You can expect lower credit limits initially. Choose a card with a limit that suits your spending needs while allowing room for growth.

    Check for cashback and rewards. Even cards for fair credit can offer cashback or rewards for spending. Select a card that provides rewards on categories you frequently spend in.

    Consider secured card options. If you're struggling to get approved, a secured credit card may be a viable choice. This requires a deposit, but it can help you build credit over time.

    Ensure the card issuer reports to credit bureaus. It’s essential that your payment history is reported to major credit bureaus to help you build your credit.

    Look for pre-approval options. Some issuers provide pre-approval checks without impacting your credit score. Use this feature to gauge your chances of approval.

    Finally, remember that these elements are designed to help you build or rebuild your credit effectively. For more insights, check out our sections on unsecured credit card options and how your credit score affects card choices.

    How Do Secured Credit Cards Work For A 640 Credit Score?

    Secured credit cards are designed for you if you have a 640 credit score, which is considered "fair." You need to provide a cash deposit to open one, usually equal to your credit limit. For example, a $200 deposit gives you a $200 credit limit. This deposit acts as collateral.

    You use a secured credit card just like a regular credit card. You make purchases and payments, and your payment history is reported to credit bureaus. By paying on time and in full, you can improve your credit score.

    Here’s why secured credit cards are beneficial for you:
    • They offer a way to build or rebuild your credit.
    • Over time, responsible use can lead to an upgrade to an unsecured card.
    • You may receive your deposit back once upgraded.

    Keep your credit utilization low and avoid maxing out your credit limit. Also, compare different secured cards to find one with low fees and potential rewards that fit your needs.

    Big picture, using a secured credit card responsibly can boost your credit score and improve your financial future.

    Approval Odds For 640 Credit Score Credit Cards

    With a 640 credit score, your approval odds for credit cards vary by issuer and card type. You're in the "fair" credit range, so while premium cards might be out of reach, you can still qualify for basic or store cards.

    Some issuers accept applicants with scores in the 640 range. However, expect higher interest rates compared to those with better scores. Your approval odds improve if you show strong qualifications like stable income, good employment history, and low existing debt.

    If you're struggling to get approved, consider a secured credit card. You deposit a sum as collateral, which increases your odds of approval.

    Overall, your approval chances with a 640 credit score are reasonable, but you should expect higher fees and interest rates.

    Inaccuracies hurting your Credit Score?
    Securely review your full 3-bureau Credit Report (with a real expert).

    By clicking ‘Get Started’ I agree by electronic signature to: (1) be contacted by The Credit Pros by a live agent, artificial or prerecorded voice, and SMS text at my residential or cellular number, dialed manually or by autodialer even if my phone number is on a do-not-call registry (consent to be contacted is not a condition to purchase services); and (2) the Privacy Policy and Terms of Use.

    Are There No Annual Fee Credit Cards For A 640 Credit Score?

    Yes, there are no annual fee credit cards available for a 640 credit score. You can choose the Petal® 2 Visa® Credit Card, which charges no annual fee and offers 1% cash back on all eligible purchases. If you make timely payments for a year, you can earn up to 1.5% cash back.

    Another good option is the Citi Double Cash® Card. This card has no annual fee and provides 2% cash back on all purchases, rewarding you as you spend.

    You might also consider the Capital One Platinum Credit Card, designed for those with fair credit. It charges no annual fee and helps you build your credit score.

    As a final point, explore these credit card options to manage your finances without annual fees and work towards improving your credit score.

    Which Rewards Credit Cards Are Suitable For A 640 Credit Score?

    For a 640 credit score, you have several suitable rewards credit card options. Consider these types of cards:

    • Cashback Rewards Cards: You can apply for the Upgrade Cash Rewards Visa, which offers cashback on your purchases. This card ties rewards to your payment history, encouraging timely payments that help improve your credit score.

    • Store Credit Cards: Many stores offer specific credit cards that you can apply for with a 640 score. These cards often provide store-specific rewards, such as discounts or points on purchases.

    • Secured Credit Cards: While not traditional rewards cards, secured cards usually have better approval odds and can offer cashback or rewards programs. These require a cash deposit as collateral and help you build your credit score.

    Many major issuers provide cards with reasonable rewards tailored to your needs. You should also check for pre-approval offers, which do not impact your credit score and can help you identify the best options for your situation.

    To put it simply, with a 640 credit score, you should explore cashback, store, and secured credit cards to find suitable options that can help you earn rewards and improve your credit.

    How Can I Improve My 640 Credit Score With Credit Cards?

    You can improve your 640 credit score with credit cards by following specific strategies. First, always make your payments on time. Timely payments directly boost your credit history, which influences your credit score significantly. Set up autopay or reminders to help you avoid late payments.

    Next, manage your credit utilization ratio. Keep your balances below 30% of your total credit limit. For example, if your total limit is $1,000, aim to keep your balances under $300. If possible, try to maintain your utilization below 10% to maximize your score gains.

    Another effective strategy is to request a credit limit increase. This increases your overall available credit, which can lower your utilization ratio, provided you don’t increase your spending. If you’re opening a new card, research your options first. Look for cards that are easy to get with a 640 credit score to avoid unnecessary rejections.

    Consider becoming an authorized user on a responsible person’s account. This can add their positive payment history to your report without the need for you to directly manage the card.

    Lastly, regularly check your credit reports for errors. Dispute any inaccuracies promptly, as these can negatively affect your score. Taking these steps consistently will help improve your credit score over time.

    In short, always pay on time, keep your credit utilization low, consider a limit increase, become an authorized user, and regularly check for errors to improve your 640 credit score with credit cards.

    Common Mistakes To Avoid With A 640 Credit Score

    To maintain a healthy 640 credit score, you should avoid these common mistakes:

    • Missed or Late Payments: Always pay your bills and loans on time. Use reminders or auto-debit to help.

    • High Credit Utilization: Keep your utilization ratio below 30%. If you max out your limit, lenders might see you as a risk.

    • Multiple Loan Applications: Space out your loan applications. Applying for several loans quickly makes you look credit-hungry.

    • Neglecting Credit Report Checks: Regularly check your credit report for errors. Dispute any inaccuracies to protect your score.

    • Only Paying Minimum Amounts: Paying only the minimum on your credit cards can lead to debt accumulation and harm your creditworthiness.

    • Closing Old Accounts: Keep old accounts open if possible. They contribute to your credit history length.

    • Unnecessary New Accounts: Avoid opening multiple accounts without a good reason. Only apply for credit when essential.

    To finish, by avoiding these pitfalls, you can improve your credit score and have better options for credit cards and loans.

    Inaccuracies hurting your Credit Score?
    Securely review your full 3-bureau Credit Report (with a real expert).

    By clicking ‘Get Started’ I agree by electronic signature to: (1) be contacted by The Credit Pros by a live agent, artificial or prerecorded voice, and SMS text at my residential or cellular number, dialed manually or by autodialer even if my phone number is on a do-not-call registry (consent to be contacted is not a condition to purchase services); and (2) the Privacy Policy and Terms of Use.

    How To Compare Credit Card Offers For A 640 Credit Score?

    To compare credit card offers for a 640 credit score, you should start by identifying cards designed for fair credit. Look for cards with high approval odds, lower fees, and manageable interest rates.

    Examine these key features:

    • Annual Fees: Look for cards that waive annual fees to save money.
    • Interest Rates (APR): Compare the APRs. Cards for fair credit often have higher rates, so find the most competitive options.
    • Rewards Programs: Evaluate rewards programs, as some cards offer cash back or points even for fair credit.
    • Credit Limits: Check the initial credit limits. Cards with lower limits may be easier to obtain and help build your score.
    • Secured vs. Unsecured Options: A secured credit card might require a deposit but can be easier to get approved for.

    You should also assess additional benefits like fraud protection, mobile app features, and customer service quality. Consider reviewing credit card comparisons on sites like WalletHub for personalized recommendations tailored to your score.

    In essence, by focusing on cards with low fees, competitive APRs, and useful rewards, you can make a more informed decision and improve your credit score over time.

    Long-Term Benefits Of Using Credit Cards To Build Credit.

    Using credit cards to build credit has long-term benefits that can significantly enhance your financial future. When you use credit cards responsibly, you improve your credit score over time. You achieve this by consistently paying off your balances on time, which positively impacts your payment history-a major factor in credit scoring models.

    You also benefit from having a diverse credit mix. Lenders look favorably on different types of credit accounts. By using a credit card along with other credit types, you diversify your credit profile, which can boost your score.

    Maintaining a low credit utilization ratio is crucial. This means using a small portion of your available credit. If you keep your usage under 30%, you show lenders that you aren’t overly reliant on credit, which can improve your creditworthiness.

    Having a good credit score opens doors to better financial products in the long run. You may qualify for loans with lower interest rates, better credit card rewards, and favorable terms on mortgages. These benefits lead to long-term savings and financial flexibility.

    To wrap up, using credit cards responsibly helps you build a strong credit score, diversify your credit mix, maintain a low credit utilization ratio, and access better financial opportunities. The habits you develop now can pave the way for future financial success.

    Privacy and Cookies
    We use cookies on our website. Your interactions and personal data may be collected on our websites by us and our partners in accordance with our Privacy Policy and Terms & Conditions