In general, secured cards are the safest option with a 500 credit score, as they’re less expensive and give you higher odds of approval than unsecured cards for bad credit. Some secured cards won’t even check your credit when you apply. Still, it’s important to note that no credit card guarantees approval.
A credit card can go a long way toward rebuilding bad credit if you manage the account responsibly. That means paying your bill on time every month and keeping your spending in check. Additionally, you can sign up for a free WalletHub account and get free daily credit score updates, along with personalized credit-improvement guidance.
There is no minimum credit score needed to get a credit card. Some credit card companies don’t even check applicants’ credit history, so it’s certainly possible to get a credit card even if you have a very low credit score or no credit score at all.
But there is a difference between getting approved for a credit card in general and getting one of the better offers.… read full answer
The credit score needed for credit card approval ultimately depends on which specific card you want to get. Most of the time, credit card companies have a credit score tier they’re looking for, and applicants will need a score in the required tier (or higher) for a good chance of approval. The tiers are bad, fair, good and excellent.
The thing is, credit cards require scores that are a bit higher than the traditional minimum for each tier in the overall credit score range, according to WalletHub’s research. So for each credit tier, you can see a “traditional” score range and a “WalletHub recommended” score range below.
Here is the credit score needed for a credit card at each level:
One way to estimate your credit card approval odds is to check for pre-approval. Many major issuers will allow you to check for free. It won’t hurt your credit score. And you’ll get a pretty good idea of your chances. Plus, if you’re not sure what your score is yet, you can check your latest credit score for free on WalletHub. You’ll also get personalized credit card recommendations with high approval odds.
Just remember that having a qualifying credit score does not guarantee credit card approval. The credit card application process takes many other factors into account. Payment history, existing debt and income play big roles, too.
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