Let’s be honest: the idea of getting paid to spend money is irresistible. That’s exactly what cash back cards promise—rewards for your everyday purchases. But before you start imagining all the free coffee or cash savings you’ll rack up, there’s one important question to answer: Do you have the credit score to qualify?
If you’re curious about the score needed for a cash back card and how to snag the best deals, you’re in the right place. This guide will take you through everything you need to know, with a few fun twists to keep things interesting.
What Credit Score Is Typically Required for a Cash Back Card?
Most cash back cards are designed for people with good to excellent credit scores, usually in the 670–850 range. While some cards cater to those with fair credit (580–669), the juiciest rewards and perks are often reserved for those with higher scores.
Here’s a quick breakdown:
- Excellent Credit (740–850): You’ll likely qualify for premium cash back cards with the highest reward rates, bonus categories, and additional perks like travel benefits.
- Good Credit (670–739): You’ll still have access to solid cash back options, but the rewards may not be as generous as those for excellent credit.
- Fair Credit (580–669): Your options may be limited, and you might face higher interest rates or fewer benefits.
Why Credit Scores Matter for Cash Back Cards
When you apply for a credit card, issuers use your credit score to assess risk. A higher score tells them you’re more likely to pay your bills on time, making you a safer bet. This is especially important for cash back cards, as issuers don’t just hand out free money without making sure they’ll get something in return.
Think of your credit score as your financial reputation. Just like you wouldn’t lend your favorite book to someone who always loses things, banks won’t lend their best products to someone with a shaky credit history.
Can You Get a Cash Back Card With a Lower Credit Score?
Absolutely! While the top-tier cards might be out of reach, there are cash back cards specifically designed for those with fair or even limited credit. These include:
- Student Cash Back Cards: Tailored for young adults building credit.
- Secured Cards with Cash Back Rewards: You’ll need to provide a security deposit, but you can still earn rewards while improving your credit score.
How to Improve Your Chances of Getting Approved
If you’re dreaming of a shiny new cash back card but your credit score isn’t quite there, don’t worry. Here are some actionable steps to boost your approval odds:
1. Check Your Credit Report for Errors
Before applying, review your credit report to ensure there are no inaccuracies dragging down your score. You can get a free report at AnnualCreditReport.com.
2. Pay Down Outstanding Balances
Reducing your credit utilization ratio (the percentage of your available credit you’re using) can give your score a quick boost. Aim to keep it below 30%.
3. Avoid Applying for Multiple Cards at Once
Each application results in a hard inquiry on your credit report, which can temporarily lower your score. Space out applications to avoid appearing desperate for credit.
4. Build Your Credit History
If you’re new to credit, consider starting with a secured credit card or becoming an authorized user on someone else’s account. Consistently paying your bills on time will gradually raise your score.
Top Cash Back Cards and Their Requirements
Let’s explore a few popular cash back cards and the credit scores typically needed to qualify:
1. Chase Freedom Unlimited®
- Credit Score Needed: 670+
- Rewards: Unlimited 1.5% cash back on all purchases, plus bonus categories.
- Perks: No annual fee and a generous sign-up bonus.
2. Citi® Double Cash Card
- Credit Score Needed: 700+
- Rewards: 1% cash back when you buy, 1% when you pay.
- Perks: Simple rewards structure with no categories to track.
3. Discover it® Cash Back
- Credit Score Needed: 670+
- Rewards: 5% cash back in rotating categories and 1% on all other purchases.
- Perks: First-year cash back match for new cardholders.
4. Capital One QuicksilverOne Cash Rewards Credit Card
- Credit Score Needed: 580+
- Rewards: Unlimited 1.5% cash back on all purchases.
- Perks: Great option for those with fair credit, though it does have a small annual fee.
My Journey to a Cash Back Card
When I first started building my credit, I didn’t think I’d ever qualify for a rewards card. My score was in the low 600s, and every rejection letter felt like a personal failure. But I took small steps—paying off my balances, setting up auto-pay to avoid late payments, and keeping my credit utilization low.
A year later, I applied for a basic cash back card and got approved. It wasn’t flashy, but earning 1% back on groceries and gas felt like a win. Fast forward to today, and I’ve worked my way up to a card with 5% rewards in bonus categories. Moral of the story? Patience and consistency pay off.
FAQs About Credit Scores and Cash Back Cards
Q: Can I get a cash back card with no credit history?
A: Yes, some student cards or secured cards offer cash back rewards for beginners.
Q: Will applying for a cash back card hurt my credit score?
A: The hard inquiry may cause a small, temporary dip in your score, but it’s usually minimal if you’re not applying for multiple cards at once.
Q: What if I’m denied?
A: Don’t be discouraged. Use the denial letter to identify areas to improve, such as reducing debt or building more credit history, before reapplying.
Final Thoughts: Is a Cash Back Card Worth It?
Cash back cards are a fantastic tool to earn rewards on purchases you’re already making—provided you use them responsibly. But remember, not all cards are created equal, and your credit score plays a big role in determining what you qualify for.
If your score isn’t where it needs to be, don’t sweat it. Focus on building healthy credit habits, and you’ll open the door to better cards—and better rewards—down the road.
So, is it time to aim for that cash back card? Absolutely! Just make sure you’re ready to play the credit game smartly. After all, there’s nothing sweeter than getting rewarded for spending responsibly.
