If you’re in the last group you need to take special steps to get approved for a credit card. Read more: Best credit cards if your FICO score is between 600 and 649 Poor Credit: under 600 Read more: Best credit cards if your FICO score is between 650 and 699 Pick one you are confident you can get approved for and work to increase your score so you can qualify for a rewards card in the future. Choosing a card that matches your credit score is your best shot for approval. Pay attention to the minimum credit score range required. Use your card responsibly and you’ll be able to upgrade before you know it. You likely won’t get a lot of rewards with your new card, but you can still get approved for a solid credit card that will do the job without a lot of fees. This means you’ll have trouble getting approved for many of the credit cards you see advertised, but don’t worry, there are still offers out there for you. If you’ve just started to use credit or are recovering from a missed payment or two, you’ll probably have a lower credit score in the 600s. Read more: Best credit cards if your FICO score is between 700 and 749 Fair Credit: 600-699 You’ll have a good chance of credit card approval provided you aren’t overextended with too much debt or too many credit card accounts. You will need to have been using credit for at least three years without any late payments. Although you might have a lower limit or higher interest rate than you would if you had excellent credit. Scores in the high 600s are borderline “good.”Īt this point, you’ll have a very good chance of being accepted for most cards. To have good credit, your credit scores need to be in the 700s. Read more: Best credit cards if your FICO score is above 750 (excellent credit) Good Credit 700-749 Reaching the excellent or superprime credit level often requires at least 10 years of on-time payments and a mix of credit accounts such as credit cards, student loans, and a mortgage.Įven if you’ve responsibly used credit for up to five years, you may still be declined for many cards simply because the banks want customers who have an even longer track record of timely payments. If you’re in this range, you have your pick of any of the best credit cards out there, and you can take advantage of promotions in which the banks will actually pay you in cash back rewards or travel rewards for opening and using a new credit card. Once you know your score you can figure out if you have excellent, good, fair, or poor credit. However, anyone can get approved for a secured card, regardless of their credit score. If you want a card with a lot of bells and whistles then you’ll likely need a credit score in the 700s. You can also check your credit score with a service like myFICO score or get your score for free with any of these free credit monitoring services.ĭifferent cards require different levels of credit. You can use MoneyUnder30’s credit score calculator to give you a quick estimate of what your credit score might be. With hundreds of options available, how do you know which credit card is right for you? Well, the first step is to know what your credit score is. What Credit Score Do You Need for A Credit Card? How your credit score is calculated and how to improve it.What Credit Score Do You Need for A Credit Card?.
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