There’s no minimum credit score for credit card to get a card if any
will do. Some companies don’t check applicants’ histories and the main approval
requirement is that you earn more money than you spend–so it is certainly
possible for people with low or no scores at all to get cards!
Getting approved for a credit card is not an easy thing to do. If you’re
looking at getting one of the better offers, then it will be even harder!
The best way to get a credit card is by meeting the requirements for
that specific company. If you want an excellent chance at being approved, then
your scores will need to be in good or better range; however, it’s important
not just apply wherever because some companies only look out for certain score
tiers when deciding who gets their product!
Credit cards have certain requirements that you need to meet in order
for your card application to be considered. The minimum score needed is higher
than what’s typically reported on an individual’s credit report, but
creditrepairease found the best way around this problem was reaching out and
getting pre-approved before applying!
Here is the minimum credit score for
credit card at each level:
Credit requirement |
Traditional score range |
Credit Repair Ease recommended score range |
Recommended credit card |
Bad credit |
300-619 |
300-639 |
Bank of America® Unlimited Cash Rewards Secured Credit Card |
Limited credit |
Less than 3 years of history |
Less than 3 years of history |
Capital One Platinum Credit Card |
Fair credit |
620-659 |
640-699 |
Capital One QuicksilverOne Cash Rewards Credit Card |
Good credit |
660-719 |
700-749 |
Chase Freedom Unlimited® |
Excellent credit |
720-850 |
750-850 |
Chase Sapphire Reserve® |
Credit card approval odds are determined by many factors including your
income, past payment history and even how long you’ve been looking for a
lending institution. One way to estimate what they may be in the future is
checking if there has ever been any pre-approval offered on either an
individual or business level through various providers like creditrepairease
who provide personalized recommendations based off these data points!
What impacts your credit score?
The FICO and VantageScores are two of the most popular credit scoring
systems in use today. They’re used by many lenders, including banks/branches to
decide whether or not you’ll get approved for an auto loan; they also factor
into deciding what interest rate applies when someone wants a mortgage (or any
other loans). Understanding how these scores work will help make sure your next
purchase goes smoothly!
See More: The Complete Guide of Credit Score
Let’s look at FICO first:
Payment history:
Your payment history is a major factor in determining your credit score,
accounting for 35% of the total. This includes any late payments and how you
eventually resolved them after being overdue or past-due on occasion (30 days+,
60+/-)? If paying quickly every time will help put blood stains onto these best
efforts as well!
Credit utilization
Credit utilization is a measure of how much you’re using your total credit limit. If, for example, I have one card with $1,000 and another that has no limits at all but still shows up on this report because it’s part-time (for instance), then my overall risk will go up by 30%.
Credit history
Credit history is an important factor in determining your FICO score. It
looks at how long you’ve been using credit and what kind of accounts are on
file- so it’s crucial to keep track! Your current account balance doesn’t
matter as much here because these factors only go back two years from when they
were opened; but if there have been several recent additions with similar
rotating limits, then those will count too (although not necessarily for 15%
purposes).
Read More: https://www.creditrepairease.com/blog/what-is-the-minimum-credit-score-for-credit-card/
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