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2020 Review: The Best Store Credit Cards

store credit cards review

Which credit card is best? With endless options, it can be hard to choose.

That’s why we’ve compiled a complete list of all the best department store credit cards so you can easily compare different credit card perks in one place! Here you can look at credit cards for bad credit, and some of the easiest department store credit card to get.

Our Store Credit Card Guide:

Credit cards can offer a lot of benefits. You can use them to better budget yourself, when you need extra funds to pay for something, or to accumulate cashback, points, and rewards.

If you need to pay for a larger purchase in installments, you can also take out a Check City Installment Loan and avoid any hassle with multiple credit cards.

Best Buy Credit Card

Get 5% back in rewards for Best Buy purchases and 6% back if you are an Elite Plus Cardmember. Gest the Best Buy Visa Card and also earn 3% back on gas, 2% back on dining and groceries, and 1% back on everything else.

Recommended Credit Score:

Average to Excellent (630 to 850)

Fees:

Annual fee of $0 to $59 depending on your level of creditworthiness

Cash advance fee of $10 or 5% depending on which is greater

Interest Rate:

at least $1

PROS CONS
flexible financing only on purchases of $199+
get 10% back in rewards on your first day of purchases application needs approval
offer both credit and visa cards credit card is for Best Buy purchases only
there are annual fees
there are cash advance fees

The Best Buy Cards are issued by Citibank. If you get the Best Buy Visa Card then you can also enjoy benefits like 3% back on gas, 2% back on dining and groceries, and 1% back on everything else. But the Best Buy Credit Card doesn’t have this option. It is only used for Best Buy purchases online and in stores.

Walmart Credit Card

Get 5% back at Walmart.com, the Walmart app, grocery pickup, and delivery. Get 2% back in Walmart stores, Walmart fuel stations, restaurants, and travel expenses. Get 1% back everywhere else.

Recommended Credit Score:

Fair to Excellent (630 to 850)

Fees:

$0 annual fee

$0 fraud liability

3% balance transfer fee

3% or $10 cash advance fee, whichever is greater.

Interest Rates:

variable rate of 17.99%, 23.24% or 26.99% depending on the level of your creditworthiness.

PROS CONS
mobile friendly app only 2% back in stores
card lock available can only use Walmart fuel stations for the 2% back
get security alerts on your phone credit approval required
you are not liable for fraudulent purchases balance transfer fees

Walmart has 2 kinds of cards—the Capital One Walmart Rewards Mastercard and the Walmart Rewards Card. Your credit score has to meet minimum credit approval requirements with Capital One before they will approve you for the Walmart Credit Card.

Credit Card for Children’s Place

Get 30% off your first purchase, 25% off on your children’s birthdays, 20% off just for getting the card, and get 2 points for every $1 you spend and 100 points for every $5 you spend.

Recommended Credit Score:

Fair to Excellent (640 to 850)

Fees:

Shipping fees

Interest Rates:

27.24% APR

PROS CONS
can be used at the Children’s Place or Gymboree can’t be used outside the store
earn 100 points for every $5 you spend subject to credit approval
get birthday rewards can only register 4 of your children’s birthdays

The Children’s Place Credit Card is issued by Comenity Capital Bank. They specialize in branded credit cards. You can get lots of discounts by using a credit card from Children’s Place, but you can’t use it outside the store and there isn’t a lot of available information about the potential fees and interest rates.

Home Depot Credit Card

Get $25 off purchases of $25 to $299, $50 off purchases of $300 to $999, and $100 off purchases of $1,000 or higher.

Recommended Credit Score:

Fair to Excellent (640 to 850)

Fees:

$0 annual fees

Interest Rates:

7.99% fixed APR for Project Loans

17.99% to 26.99% APR depending on your level of creditworthiness for the Consumer Card

PROS CONS
get up to $100 off your Home Depot purchases Home Depot Purchases only
financing terms of 6 to 84 months available only get other savings at participating fuel stations with the commercial cards
can borrow up to $55,000 for a Project Loan
no interest for the first 60 days after a purchase

Home depot has 4 major credit cards—the Home Depot Consumer Credit Card, the Home Depot Home Improver Card (the Project Loan Card), the Home Depot Commercial Revolving Charge, and the Home Depot Commercial Account. You can use the Consumer Card and the Project Loan for your own personal use and you can use the Commercial Cards for your business.

Lowe’s Credit Card

Get $5 off every day on all your Lowe’s purchases. You can also get 6 months of special financing, 84 months of fixed monthly payments, and credit cards for your business.

Recommended Credit Score:

Fair to Excellent (640 to 850)

Fees:

$0 annual fees

Interest Rates:

7.99% APR on the Lowe’s Advantage Card

26.99% APR with a minimum interest charge of $2 on the Lowe’s Business Cards

PROS CONS
get 5% off on everything Lowe’s Purchases only
special 6 month financing terms available minimum purchase of $299
84 month terms available minimum purchase of $2,000

Lowe’s has one card for personal use called the Lowe’s Advantage Card. With it you can take part in exclusive events and discounts for cardholders and get 5% off on all your Lowe’s purchases. You can also use their 6 to 84 month financing on larger personal purchases.

Lowe’s also has 4 cards for your business—the Lowe’s Business Credit Cards and the Lowe’s Preload Card. These can also get your business 5% off every day, and get you discounts on deliveries and larger lines of credit.

Kohls Credit Card

Get $35 off your first Kohls purchase after getting the Kohls Credit Card. You can also enjoy extra savings, Kohls cash, anniversary offers, mobile payments, and Most Valued Customer benefits after spending $600 at Kohls in one year.

Recommended Credit Score:

Good to Excellent (680 to 850)

Fees:

$0 annual fees

Late fees up to $38

Interest Rates:

26.49% APR

PROS CONS
get exclusive offers throughout the year balance transfers aren’t allowed
get 15%, 20%, and 30% off coupons throughout the year savings aren’t consistent
special anniversary offer each year APR is a variable rate

The Kohls Charge Card is issued by Capital One. You can only use the Kohls Credit Card in their stores, but they do come with monthly discounts, and the ability to make returns without receipts. You can even become a Most Valued Customer (MVC) by spending $600 at Kohls in a single year. Then even more benefits will open up to you.

Get $20 off your first store purchase, get 5 points for every $1 you spend on their brands, get 1 point for every $1 you spend everywhere else, and get a $5 reward for every 500 points.

Recommended Credit Score:

Fair to Excellent (600 to 850)

Fees:

$0 annual fees

$0 fraud liability

Interest Rates:

26.99% APR

PROS CONS
fraud prevention chip
extra 20% off
free shipping
free basic alterations on Banana Republic clothes
same benefits apply at all Gap stores
can be used anywhere that accepts Visa

The Old Navy Credit Card is a part of the Gap Brand. This means that Old Navy Credit Cards, Gap credit cards, Banana Republic Credit Cards, and Athleta Credit Cards all come with the same benefits and can be used interchangeably amongst these 4 stores.

The Gap brand credit cards are all issued by Visa, which means that they can all be used anywhere that accepts Visa cards, not just inside their stores. So you can use them for all your shopping, get 1 whole point for every $1 dollar you spend, and watch your clothes start paying for themselves.

TJ Maxx Credit Card

Get $10 off when you sign up for a TJ Maxx Rewards Card. Earn 5% back in the TJ Maxx family of stores, get 5 points for every $1 you spend in stores and 1 point for every $1 you spend anywhere else.

Recommended Credit Score:

Fair to Excellent (620 to 850)

Fees:

$0 annual fees

Interest Rates:

27.24% APR

PROS CONS
same benefits apply at TJ Maxx, Marshalls, Home Goods, Sierra Trading Post and Homesense can only redeem rewards in the TJ Maxx family of stores
earn 5% back in rewards when you shop in the family
get invites for exclusive offers
can be used anywhere that accepts Mastercard

The TJ Maxx Rewards Credit Card is a part of a larger family of stores. You can also get these same discounts and points at Marshalls, Home Goods, Sierra Trading Post, and HomeSense.

The TJ Maxx Card is issued by Synchrony Bank and Mastercard. It can be used outside this family of stores so you can get 1 whole point for every $1 dollar you spend outside their stores. Rewards can only be redeemed inside their stores.

Amazon Credit Card

Get 5% back on all your Amazon purchases, get 2% back at restaurants, gas stations, and drugstores, and get 1% back on everything else. The Amazon Credit Card also offers 6, 12, 24 month financing terms and 0% APR.

Recommended Credit Score:

Fair to Excellent (640 to 850)

Fees:

$0 annual fees

Annual Prime Membership fee

$0 fraud liability

Interest Rates:

0% APR

PROS CONS
use financing terms to make purchases in installments you need an Amazon Prime membership
0% APR
you are protected against unauthorized purchases
can use anywhere that Visa is accepted

The Amazon.com Store Card can offer you financing, zero fees and interest rates, limited time offers, protection against fraud and money back on all your Amazon purchases. It can also get you a percentage back on all your other purchases.

Costco Credit Card

Get 4% back on gas, 3% back on restaurants and travel, 2% back on Costco purchases, and 1% back on everything else.

Recommended Credit Score:

Very Good to Excellent (750 to 850)

Fees:

Yearly Costco Membership fees

$0 foreign transaction fees

Interest Rates:

16.74% APR variable

PROS CONS
earn back the most on gas and travel if you don’t travel a lot
can use anywhere that Visa is accepted you need a Costco membership
you can use this card in other countries if you don’t visit other countries

Your Costco Anywhere Card also doubles as your Costco membership ID. It can also get you an extended warranty on your purchases. Costco also offers cards for your business needs.

Target REDcard

Save 5% on all your Target purchases, enjoy free 2-day shipping, an extra 30 days on returns, and special gifts and offers throughout the year.

Recommended Credit Score:

Fair to Excellent (640 to 850)

Fees:

$0 annual fee

$40 cash withdrawal fee on the Target Debit Card

Interest Rates:

25.15% APR variable

PROS CONS
link Target Debit Card to existing checking account $40 cash withdrawal fee
10% discount coupon on your card’s anniversary can only be used at Target

Target has both a Target REDcard Credit Card and Target Debit Card. The Target Credit Card, however, can only be used at Target, so you can’t get points or cashback on other purchases.

How to Pick a Credit Card:

The key to picking out a credit card is knowing which one will most benefit you specifically.

First, think about where you shop the most. You’ll get the most benefit from that card because their best perks are usually for in-store or online purchases. If you don’t know where you shop the most then go to your bank account statements and look at your transaction history.


Capital One Personal Loan

Capital One does not offer Personal Loans, but they do offer other useful services we’ll highlight below. But if you need the Flexibility of a Personal Loan you should definitely check out the Check City Personal Loan!

Does Capital One offer personal loans? No, Capital One does not currently offer personal loans.

It is actually not uncommon for banks to not offer personal loans, like Capital One. Instead Capital One offers other financial products that are worth looking into. They have bank accounts, credit cards, auto loans, and even financial services for your business. But Capital one does not have a personal loan option. There’s no need to worry though, because we’ll highlight where else you can find a personal loan later on in this article.

Capital One Credit Cards: A Quick Look

Pros Cons
Travel and cash rewards Lower credit scores receive the higher rates
Offer cards for businesses 13.74% to 26.99% APR range
Offer cards specifically for students Some cards have an eventual annual fee of $95

Capital One Auto Loans: A Quick Look

Pros Cons
You can finance or refinance a car

There is a minimum monthly income required from $1,500 to $1,800
You can get prequalified

You can’t already have any overdrafts or late payments with Capital One
Loan terms are from 24 to 84 months

Minimum loan amount is $4,000

Basically, Capital One is a great option for traditional banking services. You can use them to have a checking or savings account, get a credit card, or finance your auto loans. They’re also an option for financing your business. But if you need a small loan that you’re free to use for your own personal reasons then you’ll need to keep looking for your perfect loan.

Who are Capital One Loans and Credit Cards Perfect For?

Capital One is a perfect choice for more traditional financial services like credit cards and auto loans. Capital One offers a variety of credit card options that work great for students, business owners, and travelers. Likewise, their auto loans are a worthwhile option if you’re looking to purchase or refinance a car. So if you need a large auto loan or some solid credit card options, and you meet the requirements below, then Capital One bank might be the right choice for you.

  • If you need a large auto loan
  • If you have a lot of travel expenses for tickets, hotels, and dining
  • If you’re a student or business owner
  • If you already have a Capital One account

Who Should NOT Get a Capital One Loan or Credit Card?

If the items mentioned above don’t apply to you, or you just need a fast, small loan for a personal reason, then don’t give up on looking! The perfect loan option for you is out there. If you’re looking for any one of the items listed below then you might want to consider a personal loan provider.

  • If you need a small loan
  • If you want to be done paying back the loan in as little as 6 months
  • If you don’t already have a Capital One account
  • If you need funds fast
  • If your credit score can’t afford the hit from a traditional credit check
  • If you need the loan for any number of personal reasons

An Alternative to Capital One Personal Loans

Check City offers a different kind of personal loan from other loan providers. So if Capital One’s more traditional financial services don’t suit your particular needs then look into a Check City personal loan. It might be exactly what you’re looking for.

Reasons to Get a Check City Personal Loan:

personal loan near me

  • The straightforward service of a direct lender
  • The safety of a state licensed lender
  • A fast and easy application process
  • You don’t need a high credit score to apply
  • There are no origination fees
  • You don’t have to wait, you can get your loan TODAY
  • You can pay back your loan in as little as 6 months
How to Apply for a Check City Personal Loan

Applying for a Check City Personal Loans is a fast and easy process. All you have to do is visit the Check City Personal Loan Page. From there you can quickly fill out the application on the side of that page. You can also find a nearby Check City store to apply or give us a call to apply over the phone if either of those options works better for you.

What You’ll Need to Apply:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply Online.

Apply in the Store.

Or call Check City’s Loans By Phone number: 800-404-0254

The online application for a Check City Personal Loan is incredibly easy to do, but if you want your funds even sooner, you can apply in the store and get your personal loan funds the SAME DAY! Our personal loans work well for anyone who needs a fast, small loan that you can finish paying off in just 6 months rather than years. Check City Personal Loans are also a helpful option for anyone with a low credit score, or who can’t afford a hard pull on their credit score right now, because we don’t pull a traditional credit report when processing a loan application. If this personal loan option sounds right for you, don’t hesitate to give us a call, visit our website, or visit our stores and get your funds now.

LOAN COMPARISON CHART

Check City Personal Loans Discover Personal Loans Wells Fargo Personal Loans

Chase Auto Loans Bank of America Auto Loans Capital One Auto Loans
Amount $300 to $3,000 $2,500 to $35,000 $3,000 to $100,000 $4,000 to $600,000 min. $7,500 min. $4,000
Rates lower APR than our payday loans 6.99% to 24.99% APR 5.49% to 22.99% APR depends min. 2.99% to 5.99% depends
Fees no origination fees no origination fees, no closing costs no origination fees, no prepayment penalties depends no application fee depends
Terms 6 months 36 to 84 months (3 to 7 years) 12 to 84 months (1 to 7 years) 12 to 84 months 60 months depending 24 to 84 months
Min. Credit Score Check City doesn’t pull a traditional credit check, and if you have a low credit score you can still apply for a Check City personal loan 660 600 high credit score subject to credit approval subject to credit approval

 

When you think of loans you often think about the requirements you need to meet in order for your application to get approved. But you have loan requirements too! Everyone is looking for something different in a personal loan, like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key qualities with a Check City Personal Loan!

Whatever your own personal loan requirements might be, you should always study up on what features each loan provides before making a choice.

 
READ MORE
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”

Budget like a boss by reading, “Budgeting in 4 Easy Steps.”

*The information found in this article comes from the lenders’ websites and NerdWallet reviews at the time of posting.

Wells Fargo Personal Loan

Wells Fargo offers Personal Loans up to $100,000. But if you don’t have a 600 Credit Score and you aren’t already a Wells Fargo customer is it the right loan for you?

Not all loans are created equal. Each loan has their own features and requirements. That is why it’s important to do a bit of research while you’re shopping for loans before you pick one, so you get the loan that makes the most sense for your own personal needs.

Wells Fargo Personal Loans: A Quick Look

Wells Fargo offers personal loans from $3,000 to $100,000 with an APR range from 5.49% to 22.99% with no origination fees or prepayment penalties. They also offer a wide range of payback periods from as little as 12 months up to 84 months. They also offer special benefits for loan customers that already have a Wells Fargo account.

Maximum Personal Loan: $100,000

Minimum Personal Loan: $3,000

Rates: 5.49% to 22.99% APR

Fees: There are no origination fees or prepayment penalties

Terms: 12 to 84 months (1 to 7 years)

When: The next business day, if your loan is approved.

Basically, the Wells Fargo personal loan is a larger loan with a short or long-term payment plan. This loan is often used to consolidate debts, to make a large purchase (like home improvements), or to cover emergency expenses. They also offer a competitive fixed rate, fixed term, and fixed monthly payments. Their loans also don’t require collateral.

Who are Wells Fargo Personal Loans Perfect For?

The Wells Fargo personal loan is great if you need to consolidate heavy debts with high interest rates. It’s also a good loan if you need a larger loan for things like major home improvements or college tuition. If you need a much larger loan and you meet the below requirements, then this loan may be perfect for you.

  • If you have a credit score of 600 or higher
  • If you need a large loan amount
  • If you need to consolidate larger debt amounts
  • If you need to make larger purchases
  • If you already have a Wells Fargo account

Who Should NOT Get a Wells Fargo Personal Loan?

If you don’t meet the above requirements, or you’re just looking for a quicker, smaller personal loan, then you may want to keep shopping for your perfect loan. If any of the listed items below represent you, then you should consider a different personal loan provider.

  • If you need a smaller loan
  • If you want to pay back the loan in less than a year
  • If you don’t already have a Wells Fargo account
  • If you need your loan quickly, or that same day
  • If you have a low credit score
  • If your credit score can’t afford a hard credit pull application
Wells Fargo Personal Loans Pros and Cons List

Though personal loans with Wells Fargo may be a great option for some, there are some reasons they may not be the best loan fit for others.

Pros Cons
You can get a really large loan of up to $100,000 You can’t get a small loan of less than $3,000
They offer secure loans Their secure loans have a $75 origination fee
There are no origination fees or prepayment penalties You need a credit score of at least 600
Their loan application involves a heavy credit score check
The application requires a lot of information

An Alternative to Wells Fargo Personal Loans

Check City offers a different kind of personal loan. So if the features and requirements present in a Wells Fargo personal loan don’t work for you, a Check City personal loan might be your answer.

check city personal loan

Reasons to Get a Check City Personal Loan
  • Check City is a direct lender
  • Check City is also a state licensed lender
  • The application process is quick and simple
  • You don’t need a high credit score to apply
  • There are no origination fees
  • You can get your loan TODAY
How to Apply for a Check City Personal Loan

Check City personal loans are incredibly easy to use. Just visit the Check City Personal Loan Page and you can quickly apply for your loan online, at a nearby Check City store, or even over the phone!

All you need to apply for the loan is:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply for a Check City Loan Online by clicking HERE.

Find a conveniently located Check City Store by clicking HERE.

Or call Check City’s Loans By Phone number: 800-404-0254

Check City personal loans have a fast and easy process, and if you go into a Check City store to apply, you can actually walk out with your personal loan funds that very same day! Check City personal loans are great for loan customers that need a quick, easy to use, smaller personal loan that they can pay back in a matter of months instead of years. They’re also a great loan option for customers with lower credit scores since Check City doesn’t pull a traditional credit report when processing your application.

LOAN COMPARISON CHART

Check City Personal Loans Discover Personal Loans Wells Fargo Personal Loans
Amount $300 to $3,000 $2,500 to $35,000 $3,000 to $100,000
Rates lower APR than our payday loans 6.99% to 24.99% APR 5.49% to 22.99% APR
Fees no origination fees no origination fees, no closing costs no origination fees, no prepayment penalties
Terms 6 months 36 to 84 months (3 to 7 years) 12 to 84 months (1 to 7 years)
Min. Credit Score Check City doesn’t pull a traditional credit check, and if you have a low credit score you can still apply for a Check City personal loan 660 600

 

When you think of loans you often think about the requirements you need to meet in order for you application to get approved. But you have loan requirements too! Everyone is looking for something different in a personal loan, like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key qualities with a Check City Personal Loan!

Whatever your own personal loan requirements might be, you should always study up on what features each loan provides before making a choice.

 
READ MORE
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”

Budget like a boss by reading, “Budgeting in 4 Easy Steps.”

*The information found in this article comes from the lenders’ websites and NerdWallet reviews at the time of posting.

Discover Personal Loans

Discover offers Personal Loans of up to $35,000. But with a 660 Credit Score requirement and 36-Month Minimum is it the right loan for you?

Not all loans are created equal. Each loan has their own features and requirements. That is why it’s important to do a bit of research while you’re shopping for loans before you pick one, so you get the loan that makes the most sense for your own personal needs.

Discover Personal Loans: A Quick Look

Discover offers personal loans from $2,500 to $35,000, with an APR range from 6.99% to 24.99%, and no origination fees or closing costs. They also offer longer payback periods from 36 to 84 months, and you don’t need a co-signer to apply for their personal loans.

Maximum Personal Loan: $35,000

Rates: 6.99% to 24.99% APR

Fees: There are no origination fees and no closing costs

Terms: 36 months up to 84 months, or 3 to 7 years

When: 1 to 7 business days. The soonest you can expect your personal loan funds to drop into your account would be by the next business day, and this is only if your application goes through smoothly without errors, and is submitted on a weekday. So funds can sometimes take up to 7 days to get to you, depending.

Basically, the Discover personal loan is a large, long-term loan, often used when you have lots of debts
to consolidate into one place. It’s a personal loan for those who are ready to make a larger commitment.

Who are Discover Personal Loans Perfect For?

The discover personal loan is great if you need to consolidate heavy debts with high interest rates. It’s also a good loan if you need a larger loan for things like major home improvements or college tuition. If you need a larger, more long-term loan and you meet the below requirements, then this loan may be perfect for you.

  • If you have a credit score of 660 or higher
  • If you need a larger loan amount
  • If you need a long-term, 3 to 7 year loan
  • If you need to consolidate larger debt amounts

Who Should Not Get a Discover Personal Loan?

If you don’t meet the above requirements, or you’re just looking for a quicker, smaller personal loan, then you may want to keep shopping for your perfect loan. If any of the listed items below represent you, then you should consider a different personal loan provider.

  • If you need a smaller loan
  • If you don’t want locked into a 3 to 7 year commitment
  • If you want the added safety of a cosigner
  • If you need your loan quickly
  • If you have a low credit score
  • If you make less than $25,000 a year
Discover Personal Loans Pros and Cons List

Though personal loans with Discover may be a great option for some, there are some reasons they may not be the best loan fit for others.

Pros Cons
They can send the personal loan funds straight to your creditors Your payback term has to be at least 3 years
There are no origination fees or closing costs They do have late payment fees of $39
You can get very large loan amounts Your loan has to be at least $2,500
You don’t need a cosigner You need a minimum credit score of 660

An Alternative to Discover Personal Loans

Check City offers a different kind of personal loan. So if the features and requirements present in a Discover personal loan don’t work for you, a Check City personal loan might be your answer.

Reasons to Get a Check City Personal Loan:

family

  • Check City is a direct lender
  • Check City is also a state licensed lender
  • The application process is quick and simple
  • You don’t need a high credit score to apply
  • There are no origination fees
  • You can get your loan TODAY
How to Apply for a Check City Personal Loan

Check City personal loans are incredibly easy to use. Just visit the Check City Personal Loan Page and you can quickly apply for your loan online, at a nearby Check City store, or even over the phone!

All you need to apply for the loan is:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply for a Check City Loan Online by clicking HERE.

Find a conveniently located Check City Store by clicking HERE.

Or call Check City’s Loans By Phone number: 800-404-0254

Check City personal loans have a fast and easy process, and if you go into a Check City store to apply, you can actually walk out with your personal loan funds that very same day! Check City personal loans are great for loan customers that need a quick, easy to use, smaller personal loan that they can pay back in a matter of months instead of years. They’re also a great loan option for customers with lower credit scores since Check City doesn’t pull a traditional credit report when processing your application.

LOAN COMPARISON CHART

Check City Personal Loans Discover Personal Loans Wells Fargo Personal Loans
Amount $300 to $3,000 $2,500 to $35,000 $3,000 to $100,000
Rates lower APR than our payday loans 6.99% to 24.99% APR 5.49% to 22.99% APR
Fees no origination fees no origination fees, no closing costs no origination fees, no prepayment penalties
Terms 6 months 36 to 84 months (3 to 7 years) 12 to 84 months (1 to 7 years)
Min. Credit Score Check City doesn’t pull a traditional credit check, and if you have a low credit score you can still apply for a Check City personal loan 660 600

 

When you think of loans you often think about the requirements you need to meet in order for you application to get approved. But you have loan requirements too! Everyone is looking for something different in a personal loan, like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key qualities with a Check City Personal Loan!

Whatever your own personal loan requirements might be, you should always study up on what features each loan provides before making a choice.



READ MORE
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”

Budget like a boss by reading, “Budgeting in 4 Easy Steps.”

*The information found in this article comes from the lenders’ websites and NerdWallet reviews at the time of posting.

How to Increase and Maintain Your Credit Score

credit score

If you have recently been denied a new credit card or you are not able to ascertain a loan, you may want to check your credit score.

Your credit score is a large determining factor when figuring out what you are eligible for financially. If your credit score is less than 760 than it’s going to be harder for you to get loans and accounts, and you’ll get higher interest rates. You want a credit score of 760 or higher in order to get the best interest rates and in order to be eligible for loans and lines of credit.

Increase Your Credit Score

increase credit score

The first step to increasing and maintaining a healthy credit score is to know your credit score and history. You need to know where your credit stands before you can start improving it. It’s also a smart idea to look over your credit report to make sure there aren’t any errors that are making your credit score worse than it actually is.

Make On-Time Payments

One of the main ways to boost a low credit score is to make sure you’re making on-time payments. This will have a big impact on improving your credit.

Try planning all your fixed monthly payments around your paychecks on a calendar. For instance, maybe you get paid every other week. Mark your pay dates on a calendar and next to each pay date list which bills you’re going to pay after receiving each paycheck that month.

You can also set reminders on your phone or on your calendar to help you remember to make important payments before their due dates.

Setting up automatic payments is a third great way to ensure you pay all your bills on time. You can even sometimes get discounts on interest rates for enrolling in automatic payments.

After a few months of making on-time payments, you can start to see an increase in your credit score.

Keep Your Total Debt Low

The second big key to increasing your credit score is to keep your total debt amounts low. Debt is a normal part of finances today. We use credit cards to make payments and reap special benefits and we use loans and credit to make major purchases like cars and homes. But having a high amount of total debts is one thing that will weigh down your credit score. So try and keep it to a minimum.

If you already have a large amount of debt weighing you down, then sit down and make a detailed plan to reduce the amount you owe. There are many things you can do to reduce your overall debt. Maybe through making some personal sacrifices you can pay off some loans or afford higher monthly payments. You could get rid of your subscriptions for a while so you can spend more on debt payments. You can sell your laptop or your second car to pay back a bigger chunk of a loan.

Maintain A Healthy Credit Score

maintain credit

After working hard to bring your credit score back to life, make sure you keep making payments on time and keeping your overall debts low. Take some time to look through your credit history and figure out what you struggle with. When you know your credit score weaknesses you’ll have an easier time not making those same mistakes again in the future.

 

Take the time to figure out what is going on with your credit score today. It may be overwhelming now, but once you have created your plan and once you know that you can stick with your plan, you will be one step closer to financial freedom.


Learn How to Improve Credit Score Quickly

In today’s society, it is really important to have a good credit score. Many of us are trying to figure out how to improve credit score quickly! Whether you are just starting out, or trying to repair your credit, don’t worry! It’s never too late to improve your credit score. Here are some tips and tricks to help you build your credit score:

Payments

A great tip for building your credit score is paying your bills on time. Paying your bills on time or before the due date with help you build credit. It is always important to have consistency in your payments. Paying back your debt on time will show the company that you don’t panic with your payments, but you spend adequate time preparing to pay it off

Lines of Credit

If you can manage it, instead of reducing your lines of credit down to one, trim them to just two or three. Operating and properly maintaining two to three lines will show creditors that you can properly manage your finances. What if you forget to pay your bill on the day it’s due? What if you forget about a bill because you forgot you purchased something with that second credit card? These are both risks that you need to be aware of and prepared for. The more aware you are, the more trustworthy you are to creditors. However, if you are not able to manage multiple accounts, then you should not have more than one line of credit. Having more than one is only helpful if you manage them well and pay each bill on time.

Using a Credit Card

When learning how to improve credit score quickly, it is very important you know how to use a credit card. Credit cards are a great way to build your credit if done properly. Don’t let your balance add up, pay your balances off in a timely manner and it will help improve/build your credit score. It is always important to do research and seek professional help when finding/using a credit card.

Here are some simple tips to help you use your credit card responsibly and build credit:

  • Pay off your card on time. You don’t need to carry a balance in order to get a better score, so make sure to always pay your card on time.
  • Pay bills on time. Creditors will look at your history. Late payments will not look good on your score.
  • Don’t carry a large balance. Don’t max out your credit card, it looks bad to future creditors and it won’t look good on your credit score.

Closing Credit Cards

If you are thinking about canceling a credit card – reconsider. Canceling your card will actually make your credit score drop. If you are thinking about canceling the card, just quit using it instead. It is always important to contact a professional when making credit card decisions.

Thank you for reading! We hope you have learned some great tips on how to improve credit score quickly.

Understanding a Couple Myths about Your Credit Score

The term “credit score” like many other financial terms has many myths associated with it that can sometimes mislead and misinform the general public. A person’s credit score is, at its most basic level, a three digit numerical score used to reflect a person’s reliability when it comes to paying back their creditors. This score is important because it is used by financial institutions and money lenders to determine and assess the likelihood of receiving back with interest the money they lend out to people. A good credit score will often provide the lender with the security they prefer to approve a loan to an individual while a bad credit score will often cause a lender to deny the issuing of a loan to a person who has been shown to be less reliable in paying off their debts.

Reviving loans from lenders is often seen as a necessity whether that loan is a small payday loan or a substantial home mortgage. Because of this, people wish to retain a good credit score that will help them to receive loans in order to help them provide a stable financial future. However, many people are at times lured into believing varying myths about credit scores and what can affect them.

One main myth concerning credit scores is the false believe that paying off all debts will instantly clear a person’s credit score of its poor marks and make the credit score instantly immaculate. This is not the case. While paying off debts will certainly help a person’s overall finances and will, over time, positively influence a credit score, the past cannot be changed and habits that have led to a bad credit score cannot be erased from a credit score’s record.

A second and main myth surrounding a person’s credit score is that a person’s credit score will suffer if that person attends a credit or debt management programs offered by debt management companies. Attending one of these classes can be extremely beneficial to individuals who are struggling with managing their debt and will have no influence on their credit score.

These myths and others like them can cause more damage than good to debtors looking to improve their credit score. Education on the topic of what is and what is not included into a credit score is the best way for individuals to improve their existing credit.

Avoid Causing Pain to Your Credit Score

Does closing a credit card hurt your credit? Does missing a loan payment hurt your credit score? Does debt consolidation hurt your credit? Does checking your credit score hurt your credit? These, along with many other questions are ones that you should know the answer to in order to get a better credit score and or keep your credit score high.

Do you understand what credit score is? Many understand the basics, it is a number based on financial relationships that you have had with significant companies, like banks and apartment complexes. For example, if you do not pay a bill, or you miss a rent payment, etc. then your credit score could drop. The more frequently these things happen, the worse your credit score becomes. The less this happens, the better your credit score. It’s simple enough right?

Here are some helpful tips and tricks to help you from hurting your credit score:

Build Credit

If you have never had a credit card or have never taken out a loan, chances are you aren’t building any credit. Banks are far less likely to grant you a large loan for a car or house if you don’t have any credit. It is always important to be building credit and improving your credit score. Talk to a professional to help you find the best credit building methods.

Zero Percent

Credit scores are weighted heavily on how much you owe on revolving accounts. For example, if you have a credit limit of $500 on your card and you have a $50 balance, then you are using 10% of it. Your goal is to stay as close to 0% as you can. Some will tell you to stay between the 30 and 50% range, but in the long run, the healthiest level is zero, as you don’t owe anything in that case. Consistent low percentages on your credit card will show the credit companies that you have a solid foundation and you are able and willing to pay your bills off on time. Note: Companies also look at all of your balance histories on all of your revolving accounts. In plain and simple words, pay your bills on time and if you use a credit card pay it off as soon as possible.

Pursuing New Credit Lines

Believe it or not, the more often you make credit inquiries the more you hurt your credit score. Keep these things to a minimum. These things will hurt you more than help you. Be careful picking what credit cards you use. Don’t sign up for a card just because the incentives you’ll immediately get. Talk to a professional to find the best credit card for your needs.

Closing Credit Cards

A big chunk of your credit score is based on the length of your credit history, so a longer credit history is better. Often times, 15% of your credit score is based on your credit history length. If you close a credit card, especially one with a long history, this will make your credit history look shorter. This is why it is really important to do your research and talk with a professional to find a long-term card that best fits your needs.

4 Ways to Improve Credit Score

In the modern world, credit has become an essential part of many aspects of life. That means credit score can have an impact on your success.

If you have poor credit you might feel a bit hopeless, but you don’t have to. There are many things you can do to improve your credit and make your life a lot easier.

In regards to credit cards, you have probably heard of the classic 3 ways of boosting your credit score: keep an eye on your credit report, reduce the amount of debt you have and pay everything off on time. These three tips are important but often easier said than done.

Beyond those 3 basic tools, here are 4 great ways to improve credit score.

1) Low Balance

Credit reports take into consideration how much of your total credit limit you use consistently. If you are using a high percentage of your credit limit consistently, your credit score will drop. Strive to keep a low balance on your credit cards and it will keep your credit score high.

2) Making Multiple Payments

If you are paying off a credit card or making payments, consider making multiple payments within a month. This can do 2 things for you. First, it will reduce the total balance you owe, showing credit reports that you consistently owe less at the end of every month.

Second, that bill will take first priority when your pay check comes in. When you realize that you owe a certain amount every week, you’ll be more careful to save the money necessary to pay it off on time.

These are great ways to improve credit score!

3) Manageable Number of Credit Cards

It can be tempting to keep getting new credit cards, but the more cards you have the more difficult it is. Try to minimize the number of credit cards you have so you can stay on top of payments and be more successful in raising your credit score.

4) Keep Paid Debts on Your Record

Repaying your debts makes you look good, and that means you should keep your old paid debts on your report for as long as you can. This will show that you do repay your debts and will improve your score significantly.

Improving your credit score can have huge benefits in life. We hope we have taught you some great tips on how to improve your credit score.

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