Is Mastercard a credit card?

The credit score needed for Mastercard varies by card. There are Mastercard credit card offers for people with credit scores ranging from bad to excellent, as well as applicants with limited or no credit. The credit score required for each Mastercard is up to the banks and credit unions that issue cards on the Mastercard ... read full answernetwork.

Below, you can see what credit score is needed to get some of the most popular Mastercard credit cards on the market. If you don’t know what your score is, you can check your latest credit score for free on WalletHub.

Popular Mastercard Credit Cards by Credit Score Needed

• Capital One Platinum Secured Credit Card: Bad credit
• Capital One Quicksilver Secured Cash Rewards Credit Card: Bad credit
• Indigo® Mastercard® for Less than Perfect Credit: Bad credit
• Capital One Platinum Credit Card: Limited History
• Capital One Walmart Rewards® Mastercard®: Fair credit
• Avant Credit Card: Fair credit
• Chase Freedom Flex℠: Good credit
• Citi Premier® Card: Good credit
• Citi® Double Cash Card – 18 month BT offer: Good credit
• BankAmericard® credit card: Excellent credit

That’s just a small sample of the many Mastercard credit cards available right now. No matter what your credit score is, you should be able to find a Mastercard that fits your needs. And it doesn’t hurt to check out credit cards from the other networks like Visa and American Express, too.

Mastercard credit limits depend on the card, and they can range from a couple hundred dollars to many thousands of dollars. There is no set minimum or maximum Mastercard credit limit, as credit lines are left entirely up to the discretion of individual credit card issuers. In addition, the limits that issuers set on individual Mastercard credit cards can vary widely from cardholder to cardholder.... read full answer

Mastercard credit limits are based on issuers’ evaluations of applicants’ credit history, income, assets, and existing debt obligations. There’s nothing special about Mastercard credit limits, at least as they compare to the spending limits on Visa credit cards.

More info about the Mastercard credit limit

One thing that Mastercard and Visa have in common is that neither one is responsible for setting spending limits. American Express and Discover – the other two major card networks – are a different story because they issue their own cards. That means they set the spending limits on those cards.

Even though Mastercard doesn’t set your credit limit, there are some general trends you can expect from issuers that have cards on the Mastercard network. For example, Mastercards for people with good or excellent credit offer the highest limits. Similarly, people with low incomes are more likely to qualify for Mastercards’ minimum credit limits, while people who make a lot of money could potentially get limits that are thousands of dollars above the minimum on a given card.