What credit score do you need for the Prosper Credit Card? This question is about the Prosper® Card

What credit score do you need for the Prosper Credit Card?

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This question is about the Prosper® Card

Maria Adams, Credit Cards Moderator

@m_adams • 03/03/23 This answer was first published on 04/05/22 and it was last updated on 03/03/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You need a credit score of 640 or higher to get the Prosper® Card. That means people with at least fair credit have a shot at getting approved for this card.

Other Prosper® Card Approval Requirements

You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Prosper® Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.

Since all these criteria are taken into consideration, you might be able to get approved with a slightly lower credit score. But it’s best to wait and apply after you meet the Prosper® Card credit score requirement. You can check your credit score for free, right here on WalletHub.

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Is the Prosper Card a good first time credit card?

No, the Prosper® Card is not a good first-time credit card because it is only available to people with fair credit or better. People who’ve never owned a credit card are unlikely to get approved unless they’ve built fair credit through other means. There are plenty of good first-time credit cards on the market, though.

Best First-Time Credit Cards

Overall: Capital One Platinum Credit CardCapital One Platinum Credit CardLearn MoreLearn More
Students: Capital One SavorOne Student Cash Rewards Credit CardCapital One SavorOne Student Cash Rewards Credit CardLearn MoreLearn More
Cash Back: Petal® 2 Visa® Credit CardPetal® 2 Visa® Credit CardLearn MoreLearn Moreon issuer's website
Best Rewards: Capital One QuicksilverOne Cash Rewards Credit CardCapital One QuicksilverOne Cash Rewards Credit CardLearn MoreLearn More
No Credit Check: OpenSky® Secured Visa® Credit CardOpenSky® Secured Visa® Credit CardLearn MoreLearn Moreon issuer's website

You can learn more about the best first-time credit cards on WalletHub.

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What are the Prosper Card requirements for approval?

The main Prosper® Card requirements are that an applicant must be at least 18 years old with a valid Social Security number. Applicants must also have a physical U.S. address, enough income to make monthly minimum payments, and at least fair credit.

Prosper® Card Requirements

At least 18 years old
Physical U.S. address (no P.O. boxes)
Proof of enough income to make the monthly minimum payment
Social Security number
Fair...

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What's the starting credit limit for the Prosper Credit Card?

The starting credit limit for the Prosper® Card is at least $500. Everyone who gets approved for this card is guaranteed this limit. However, depending on your credit standing, you could get a much higher credit limit. The higher an applicant’s credit score and income are, the higher the starting credit limit is likely to be.

Keep in mind that you can ask to get a credit limit increase by calling the Prosper customer service at the...

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