Chip Lupo, Credit Card Writer
@CLoop
The minimum credit score an applicant will need to have good approval odds for the Mercury Credit Card is 640. That means people with fair credit or better will have a shot at getting approved for the Mercury Credit Card.
Bear in mind that even if you meet the minimum credit score requirement, you must still receive a pre-approval notification from Mercury with a reservation code just to apply for the card. You should also note that while your credit score is an important factor in determining your eligibility, there are plenty of other things that will impact your chances of being approved for the Mercury Credit Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Mercury Credit Card credit score requirement. You can check your credit score for free on WalletHub.
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People also ask
What is the Mercury Credit Card credit limit?
The Mercury Credit Card credit limit is around $500 to start, according to forum posts, and some cardholders report limits as high as $5,000. First Bank & Trust Company does not disclose any specific Mercury Credit Card credit limit information in the card’s terms, though.
Mercury Credit Card credit limits depend on each applicant’s overall creditworthiness, for the most part. People with the most income and the best credit scores are generally offered the highest starting credit limits.
That...
read full answer by Chip Lupo, Credit Card WriterWhat credit bureau does Mercury Credit Card use for approval?
The Mercury Credit Card may use Experian, Equifax, or TransUnion credit reports to assess your creditworthiness when you apply, according to anecdotal evidence. So, if any of your credit reports are frozen, you should unfreeze them before applying for the card.
Key Things to Know
- The Mercury Credit Card requires fair credit or better.
- When you apply, The First Bank and Trust Company will perform a hard inquiry on your credit report, which might temporarily damage...
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