Credit Score Requirements For Credit Card Approval
Being declined for a new credit card is frustrating. Improve your chances of approval by applying to cards that are suited to your credit score.

If you’re looking to be approved for a credit card, you’ll need to meet all of the card issuer’s minimum criteria for creditworthiness and income:

  • Established credit – timely payments on credit accounts for two or more years
  • A stable income
  • A credit score (myFICO score) that meets the bank’s minimum criteria

The less debt you have and the longer you’ve been making timely payments on your existing credit accounts, the more likely it is you will be approved for cards with the lowest rates and best rewards.

What credit score do you need to get approved for a credit card?

FICO scoreRecommended credit cards
New to creditJasper Mastercard®
750 or better (Excellent)Chase Sapphire Preferred® Card
700 to 749 (Good)Chase Freedom Unlimited® 
600 to 699 (Average)Capital One® QuicksilverOne® Cash Rewards Credit Card
Under 600 (Rebuilding)Discover it® Secured

How to use our credit score guidelines for credit card approval

You can estimate your credit score with our calculator below:

Credit Score Estimator

Estimate your credit score in about 30 seconds. Just answer a few simple questions about your past credit usage:
1 Have you ever had a credit card or loan?
2 How long ago did you open your first credit card or loan?
3 Have you ever made a late loan or credit card payment?
4 How many new loans or credit cards have you opened or applied for in the past 6 months?
5 In the last five years, have you:
  • Gone through foreclosure or repossession?
  • Had debt go to collection?
  • Made a loan or credit card payment 90 days (or more) late?
6 In the last ten years, have you declared bankruptcy?
7 What is the total credit limit for all your credit cards?
8 What is your total amount of credit card debt?

Once you know or estimate your credit score, avoid being declined when you shop for a new credit card by choosing a card for which you have an above-average chance of approval.

If you walk into a bank for a loan or apply for a credit card online, you have no idea what credit score is required to get approved. So if you know your score is 665 (and that’s about average), that doesn’t help you if the credit card you’re applying for requires a 670 credit score.

One of the things I try to do as a financial blogger is shed light on areas of finance that you wouldn’t know about if this stuff isn’t your job. Most people go about life, see a celebrity pitching a credit card and apply.

I sit around running spreadsheets looking at how much a 0% balance transfer with a 4% fee will save you over a card with a 10.99%t regular APR over 18 months. (Answer: $110.27 per $1,000 transferred. You can use our balance transfer calculator to try other scenarios.)

The same is true for credit scores required for credit card approval. All you care about is getting a good card. I care about who the bank will give that card to and who it won’t.

Most credit card offers require very good credit

Let’s be clear about that. A lot of people who apply for credit cards are denied. And if you get denied too many times in a year, that can actually hurt your credit further.

Most so-called “prime” and “superprime” credit cards are only available to applicants with credit scores of 750 or better. These include most American Express, Chase, and Bank of America credit cards.

Even with good credit, there are other reasons you might still be declined – like too much overall debt or even just one recent late payment.

To help you avoid that, let’s look at what cards you can get with various credit scores. You can also browse the credit card section of this website. Each card features a minimum required credit quality category.

What Credit Score Do You need To Get Approved For A Credit Card - Credit scores

New to credit

Until you have a credit score, you may find you have a tough time getting approval for a
credit card. Fortunately, there are credit cards specifically designed for that and there are
strategies you can employ to help you build up your credit score strategically and quickly.

You can take advantage of great cards like:

Jasper Mastercard®

Apply Now On the Secure Website

In A Nutshell

The Jasper Mastercard® is the premium US-based Mastercard with a high credit limit, and no annual fee,³ especially helpful to customers who are new to credit in the U.S., such as young adults who have recently started their professional lives and professionals who have recently relocated to the U.S. for work.

Read review
Credit score requirements: Credit Score requirements are based on Money Under 30’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for.
  • New to Credit
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850

What we like:

  • Helpful for young professionals in the U.S. who are new to credit and building credit from scratch

  • No Social Security Number² required to apply if you are new to the US and in the country on a work visa

  • No annual fee³, no security deposit, and no foreign transaction fees

  • *Jasper Legal Disclosure:
  • ² No SSN is required to apply for applicants who are new to the U.S. and are in the country on a work visa. SSN is required within 60 days of card activation. Card can only be activated from within the US.
  • ³Review the Jasper fee schedule
Annual Fee
$0³
Regular APR
15.49% Variable
Intro APR
Intro APR Purchases N/A , N/A
Intro APR Balance Transfers N/A , N/A

Apply Now >>

Jasper Mastercard® evaluates applicants using a holistic approach rather than focusing just on your credit score or credit history. This lets you get started building credit while also giving you the credit card you need. Pay your bill on time each month and the information will be reported to Equifax and TransUnion, strengthening your credit score.

*Jasper Legal Disclosure
² No SSN is required to apply for applicants who are new to the U.S. and are in the country on a work visa. SSN is required within 60 days of card activation. Card can only be activated from within the US.
³Review the Jasper fee schedule

Excellent credit: 750+

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.

Even 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.

Obviously, if you’re in this range, you have your pick of any of the best credit cards, and you can take advantage of promotions in which the banks will actually pay you in cash or travel rewards for opening and using a new credit card. You can see examples of this with these credit cards that offer sign-up bonuses, some worth $500 or more. See recommended credit cards if your FICO score is 750 or better.

You can take advantage of great cards like:

Chase Sapphire Preferred® Card

Apply Now On the Secure Website

In A Nutshell

The Chase Sapphire Preferred® Card sets the standard for travel rewards by offering an excellent 2x points on all travel and dining at restaurant purchases that you then can transfer to airline and hotel partners. And points are worth 25% more when you redeem travel through Chase Unlimited Rewards. That means that the killer 60,000 point sign-up bonus is worth $750 towards travel.

Read review
Credit score requirements: Credit Score requirements are based on Money Under 30’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for.
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850

What we like:

  • A monster of an up-front bonus. 60,000 bonus points after spending $4,000 in the first three months

  • 2x points per dollar spent on all travel and dining at restaurants, worldwide

  • Points are worth 25% more when you redeem travel through Chase Unlimited Rewards

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Annual Fee
$95
Regular APR
15.99%-22.99% Variable
Intro APR
Intro APR Purchases N/A , 0 months
Intro APR Balance Transfers N/A , 0 months

Apply Now >>

The Chase Sapphire Preferred® card offers 2x points on travel and dining purchases and 1 point on all other purchases. Through June 30, 2020, you’ll also get 3x points on grocery purchases up to $1500/month; no activation is required to start this offer.

Read our full Chase Sapphire Preferred® review.

Good credit: 700 – 749

To have good credit, your credit scores need to be in the 700s. Scores in the high 600s are borderline “good”.

While our scale for “good” originally went as low as 680, you’ll have a much harder time getting approved for credit card offers the further below 700 your credit score is. Based on new data, we’ve increased the minimum level for “good credit” to 700. At this level of credit score, other factors – such as your income, debt levels, and recent payment history will be big factors in the banks decision to approve you.

To get a credit score close to 700, you will need to have been using credit for at least three years without any late payments. 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 can take advantage of great cards like:

Capital One® Savor® Rewards Credit Card

Disclaimer – The information about the Capital One® Savor® Cash Rewards Credit Card has been collected independently by fzcjhy.com. The card details have not been reviewed or approved by the card issuer.

The Capital One® Savor® Cash Rewards Credit Card is great for those who love to dine out. It offers 4% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases.

Read our full Capital One® Savor® Cash Rewards Credit Card review. 

Chase Freedom Unlimited®

In A Nutshell

The Chase Freedom Unlimited opens up with a terrific bonus opportunity where you’ll earn $200 cash back after spending $500 in the first three months. Tack on a 0% intro APR for 15 months on purchases (standard 14.99% – 23.74% variable APR) add to that a strong everyday rewards program and it’s a terrific option for anyone looking to save a ton of money on everyday purchases.

Read review

In A Nutshell

The Chase Freedom Unlimited opens up with a terrific bonus opportunity where you’ll earn $200 cash back after spending $500 in the first three months. Tack on a 0% intro APR for 15 months on purchases (standard 14.99% – 23.74% variable APR) add to that a strong everyday rewards program and it’s a terrific option for anyone looking to save a ton of money on everyday purchases.

Read review
Credit score requirements: Credit Score requirements are based on Money Under 30’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for. ?
  • Good/
  • Excellent
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850

What we like:

  • Earn a $200 cash bonus after spending $500 in the first three months.

  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year and an unlimited 1.5% cash back on all other purchases.

  • 0% intro APR on purchases for 15 months; then a variable APR of 14.99% – 23.74%

Learn More >>

Chase Freedom Unlimited® comes with no shortage of enticing perks: no annual fee, the opportunity to earn a $200 cash bonus after spending $500 in the first three months, 5% cash back on groceries for the first year up to $12,000 and you get 1.5% cash back on all other purchases, plus 0% Intro APR on Purchases for 15 months.

Read our full review of the Chase Freedom Unlimited® Credit Card.

Discover it® Cash Back

Discover it® Cash Back  – Generous cash back rewards with See Terms intro APRs on both purchases and balance transfers for See Terms.

Read our full review of the Discover it® Cash Back

Chase Freedom®

Chase Freedom – Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate, plus unlimited 1% cash back on all other purchases.

Read our full review of the Chase Freedom card

See more recommended credit cards if your FICO score is between 700 and 749 or 650 and 699.

Average credit: 600 – 699

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.

This means you’ll have trouble getting approved for many of the credit cards you see advertised most, but don’t worry, there are still offers out there for you.

Not knowing this, you may try to apply for several cards and get declined which, in turn, will hurt your credit score even more. If you’re in this group, you’ll want to know which credit cards will offer you the best chance of approval and apply for those cards first. You may be able to get approved for some of the leading cards, but it’s iffy.

Here are your best options:

Capital One – If you have OK but not great credit, Capital One credit cards should be your first stop for a new credit card. Capital One is a major card issuer that has some cards well-suited for consumers with average but not-quite excellent credit. Because they’re such a big bank, Capital One has lots of great cards and you may be able to upgrade your card as your credit improves.

Capital One® Platinum Credit Card

In A Nutshell

Finding an unsecured credit card with average credit can be difficult, but the Capital One® Platinum Credit Card is happy to have your business. You won’t find many perks to owning this credit card, but it’s a great first card for young people looking to build a strong credit history and there’s no annual fee.

Read review

In A Nutshell

Finding an unsecured credit card with average credit can be difficult, but the Capital One® Platinum Credit Card is happy to have your business. You won’t find many perks to owning this credit card, but it’s a great first card for young people looking to build a strong credit history and there’s no annual fee.

Read review
Credit score requirements: Credit Score requirements are based on Money Under 30’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for. ?
  • Fair
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850

What we like:

  • Only average / fair / limited credit is required for approval

  • Be automatically considered for a higher credit line in as little as 6 months

  • No annual fee or foreign transaction fees

Learn More >>

The no-fee Capital One® Platinum Credit Card gives you access to a higher credit line after making your first six monthly payments on time. It’s designed to be a good first credit card or a good first new card as you get back on your feet from past credit problems.

Read our full Capital One® Platinum Credit Card review

Capital One® QuicksilverOne® Cash Rewards Credit Card

In A Nutshell

If you don’t have the excellent credit needed to score some of the bonuses other Capital One credit cards offer, consider the Capital One® QuicksilverOne® Cash Rewards Credit Card. It’s a terrific card for average credit and you can still earn 1.5% cash back on all purchases with a modest $39 annual fee.

Read review

In A Nutshell

If you don’t have the excellent credit needed to score some of the bonuses other Capital One credit cards offer, consider the Capital One® QuicksilverOne® Cash Rewards Credit Card. It’s a terrific card for average credit and you can still earn 1.5% cash back on all purchases with a modest $39 annual fee.

Read review
Credit score requirements: Credit Score requirements are based on Money Under 30’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for. ?
  • Fair
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850

What we like:

  • 1.5% cash back on all purchases

  • Be automatically considered for a higher credit line in as little as 6 months

  • No foreign transaction fees and a modest $39 annual fee

Learn More >>

Alternately, the Capital One® QuicksilverOne® Cash Rewards Credit Card offers unlimited 1.5% cash back on every purchase with a low annual fee.

Read our full Capital One® QuicksilverOne® Cash Rewards Credit Card Review. 

Compare more of the best Capital One credit cards here.

Credit One Bank is a lesser-known but rapidly growing issuer with credit cards especially for consumers with average or limited credit. Compare some top Credit One credit cards.

See more options – If your credit score is between 600 and 699, you still have a good chance of getting approved for Money Under 30’s recommended credit cards for fair credit (FICO score between 600 and 649). Or, see recommended credit cards if your FICO score is between 650 and 699.

Pay attention to the minimum credit score range required listed below the card name. Choosing a card that matches your credit score is your best shot for approval.

Bad credit: Under 600

If you’re in the last group and have bad credit because you’ve missed payments, had collection accounts, or a foreclosure, you need to take special steps to get approved for a credit card.

If you’re in this situation, you should only apply for a credit card in an effort to begin rebuilding credit (NOT to spend money you don’t have!). Usually, this means applying for a secured credit card.

A secured credit card requires a security deposit before you can begin making charges. That security deposit acts as your credit limit. Although that may sound like a debit card or prepaid card, the secured credit card will report your payment history to the credit bureaus, which debit and prepaid cards do not do. After a year or so of using a secured card, you may be able to upgrade to an unsecured account and get your deposit back.

I recommend the Capital One® Secured Mastercard® to help get your credit back on track.

Capital One® Secured Mastercard®

In A Nutshell

Owning a secured credit card can be a necessary step in bring your credit profile out of the gutter and the Capital One® Secured Mastercard® is one of the strongest secured credit cards on the market today. It’s rare to find one that doesn’t charge an annual fee and Capital One will automatically review your credit limit in as little as six months.

Read review

In A Nutshell

Owning a secured credit card can be a necessary step in bring your credit profile out of the gutter and the Capital One® Secured Mastercard® is one of the strongest secured credit cards on the market today. It’s rare to find one that doesn’t charge an annual fee and Capital One will automatically review your credit limit in as little as six months.

Read review
Credit score requirements: Credit Score requirements are based on Money Under 30’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for. ?
  • Poor
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850

What we like:

  • Start off with an initial credit line of $200 w/ a minimum deposit of $49, $99 or $200

  • Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed

  • No annual fee and no foreign transaction fees

Learn More >>

See more recommended credit cards if your FICO score is under 599.

How does your credit score affect your credit card application?

Banks use your credit score to estimate their risk that you won’t pay back your credit card charges. The higher your credit score, the less risky and the higher your chance of getting approved for a credit card.

Banks also factor in your credit score when deciding how much of a credit limit to give you after you’re approved for a new credit card.

What’s the lesson? Know your credit score. You can use our free credit score estimator or find credit monitoring tools to check your score online.

Keeping track of your credit score can alert you to problems in your credit report and show you how timely payments are paying off as your score goes up. You can also compare your score to national averages so you know how good a job you’re doing managing credit.

I’ve got good credit – why was I denied for a credit card?

Oftentimes you can still be denied for a credit card even though your credit score isn’t that bad. This is especially true if your credit score isn’t in the mid-700s or better.

What gives?

Banks’ approval criteria for each card changes all the time. But common reasons you may be denied a credit card, even if you have a good credit score, include:

  • Too much debt (or high credit balances even if you pay them off)
  • Too much available credit
  • Too short of a credit history
  • Recent late payments, charge-offs, or other negative items

If your credit score is in the high 600s, you may still get approved for some of the leading card offers, but this is where you have to be careful. You’re more likely to be approved if you have a year or two of on-time payments and very little credit card debt. If your score is lower than 700 because you’ve missed payments or have a lot of revolving debt, your approval chances are lower.

Don’t apply for new credit if you have recent late payments or big balances on your existing credit cards. Even if you pay your cards in full each month, that big balance from the month you went on vacation could look like debt to a bank’s computers. The best time to apply for a new credit card is when:

  • Your current card balances aren’t too high
  • You have not missed a payment in the last two years
  • You have not recently applied for other credit

Summary

There is a credit card out there for every credit score, even poor credit.

Before you apply for a credit card, make sure you read the fine print. To get you started, take a look at my favorite cards above.

Read more:

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About the

Total Articles: 352
David Weliver is the founder of Money Under 30. He's a cited ity on personal finance and the unique money issues he faced during his first two decades as an adult. He lives in Maine with his wife and two children.

Article comments

We invite readers to respond with questions or comments. Comments may be held for moderation and will be published according to our comment policy. Comments are the opinions of their s; they do not represent the views or opinions of Money Under 30. Comments have not been reviewed or approved by any advertiser, nor are they reviewed, approved, or endorsed by our partners. It is not our partner’s responsibility to ensure all posts or questions are answered.
55 comments
Jennifer says:

Thank you for this info. I have a possibly stupid question… several years ago my capital one credit card account ($300) went to collections. I called and made a few payments but never finished paying it off. It is now removed from my credit report.

Do I have any shot at approval for another capital one card, or will that bad account always follow me?

Thanks!

Reply
Denise says:

Yes! It’s been awhile since you asked but yes! They gave me a second chance and I’m happy with it and my Walmart Card bc that’s the bank Walmart uses for their cards.

Reply
CIBIL score says:

It depends on the bank you choose. generally it ranges from 700-749

Reply
james m says:

I would have to disagree with the article on several points, I am by no means a credit expert and dont claim to be one. My credit was clean nothing at all on it, I applied for cap one platinum secured card, and got it, 40 for 200 limit. 5 months of payments i got boosted to 500 limit, credit score at this point 655. When 6 months hit my score jumped to 688 to the day. Keep in mind this is vantage score 3.0. I waited one month, after checking experian and couple others for fico, my fico score 8 with exp was 722 and checking with multiple others and paying 5 dollars to experian i was able to see other fico scores such as fico bankcard 2, bankcard 8, and wanna say bankcard 5. Needless to say my score is between 722 to 737, so I applied for american express blue cash got approved for 1000 dollars, then did cap one quick silver got approved, and also discover. This is the 7 month mark, and my credit score wasnt even showing when I got the cap one secured. I will go for slate next and then work on it for an upgrade later, as chase has the 524 rule. cant get a chase card if u received 5 cards in 24 months, u would have to close one to get it, and I currently have 4.

Reply
Laronda says:

Wow I have read a lot of informative comments here today. I can’t seem to obtain any credit cards or keep my credit score from taking hits. I currently have a dilemma that is causing my credit to suffer. I have no credit cards but I do have school loans and currently have two car loans (one that I co-signed for a family member). My credit score is constantly on a roller coaster and now severely suffering because my cousin has not been paying her monthly note as expected. I have had the loan company repo the car 3 over the last three years but she just keeps paying the amount needed to get the car back and then she goes back to the same negative behavior. My credit score is now under 550. A year ago I was denied for a Children’s Place Store card and recently an Emporium Store card. I want to reestablish my credit but afraid I won’t get approved for a revolving account. I feel so trapped but have no one to blame but myself.

Reply
Ki Ki says:

just got approved for the american express green card a week ago (no limit, but so far online I know I can charge $5K. I haven’t tried a higher limit) and now the american express blue cash card with $5K limit as of today. Income is $80K+ with credit scores 629 (equifax.com , 653 (transunion.com), 653 Tranunion (creditKarma), 659 Equifax (creditKarma), 662 (experian.com), 645 (transunion capitalone.com) and credit utilization at 68% (normally much lower though, but christmas charges on card still). I am surprised I got approved being that my scores are under 662, but maybe the income helps (although they did not ask for any proof…weird).

Reply
Michelle Foster says:

KiKi-

Did you have other cards before you applied? If so, how many? My confusion comes in when they determine when they are going to grant credit, how many cards do they want you to have BEFORE they give you one? I was just curious to know…

Reply
Carlos says:

I opened my first cc with BofA’s secured Platinum Card, in 2008 with 1K. One year later they added 1.5K to the card. I received a loan with, from HSBC Auto ( when they had an auto finance division ). I believe it was 15% APR (paid off). Years later, I got another loan for six years with another bank…a little better APR (12%). I eventually paid it off within four years.
I kept my payments with BofA immaculate. I recently picked up an ’07 BMW X5 with a great APR (same bank, as the 12%’er). I have recently had an increase on my BofA credit card line. I was also approved for their Cash Rewards Cards. I was approved for the Amex Green card and The Amex Blue Everyday Card.
I have one department store card with a more than higher balance,but my payments are: always before the due date, and more than the minimum amount. It is my oldest credit card,so I use it every other month for one full tank of gas, or for quick groceries.
My credit report speaks for itself. It reflects the control one has on their finical freedom, with the proper credit information,which leads to education anyone can feel proud, in their financial accomplishments of credit freedom (with reason, of course 🙂

Reply
RiG Lee says:

About 11 years ago, I applied for Bankruptcy because of divorce.Now my credit score is over 700’s and decided to apply for American Express online. They denied the application.when I called to find out why. They said that my AE was part of Bankruptcy over 10 years ago. Is that a legal reason to deny me because of past bankruptcy that happened over 10 years. I thought Bankruptcy is legal channel to restart your life. Please help.

Reply
Aaron Sharff says:

Hi RiG Lee,

Sorry to hear about your application getting denied. Bouncing back from bankruptcy isn’t easy, so even if AE doesn’t recognize your hard work, please accept our congratulations.

Almost everyone gets denied credit at some point for one random reason or another. For more on why this happens, see our article about just this subject: When good credit isn’t enough: Why you could be denied a credit card despite your excellent score

Keep up the good work, and try looking elsewhere for a credit card. Just because AE has certain policies doesn’t mean other companies will treat you in the same way.

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Jai says:

I am a college student and have a Discover Card. Today my FICO score was updated as 590 and that has upset me a lot. I did make timely payments throughout my 6 months and when the score was calculated, I had no debt at all. I had a credit limit of 1500. I applied for a credit increase but it got rejected. Kindly advise on what has to be done in order to increase my credit score. Some tips would greatly help.

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Eric says:

I am right on the edge of superstar credit, usually teetering around that range. I am a travel hacker and regularly get new cards (and close old ones) to get the big miles bonuses. I just got the Citi AAdvantage Executive card, which requires top tier credit, so I must be doing something right. And I got 100,000 bonus miles!

Reply
Jaime says:

I have a 680 fico score with And i have 3 cc with low balance and a new car installment loan with BofA with a good apr @ 4.24
What are my chances of getting approve for the Dicover it credit card with (Discover) I wasn’t instantly approved online I’m waiting for an email response from Discover because I chose the email notification response

Reply
Claudia says:

Where does student loan debt enter into it — I applied for an American Express card I have a lot of student loan debt but no credit cards — had one many years ago — I usually pay cash for stuff. I do, however, have quite a bit of student loan debt how is that viewed when applying for a credit card. My score is 659 — not good I wonder if it is there because I have no credit. I lease my car. I rent my app德扑圈官方网址home. I am very interested to see what you have to say. Thanks for the time.

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Eddie says:

I just applied for an Americna Express, it is third or fourth time that I get denied. My credit score is about under 700 but more than 650. I do have 2 other credit cards open and pay them ontime. I have pay many of my bills on time. What can I do to get an American Express card? How long should I wait for the inquiries to be removed from my credit? and how long should I wait to reapply? Thanks Eddie Corres

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i need help says:

I have a score of 690 with 5 inquire in one year what kind of credit card can I get

Reply
Eileen says:

Hi, I really like your site.. You helped me get approved for a card by letting me know what score I needed before I applied.! Do u know what score u need for the paypal extras credit card ? Thank u again

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mike smith says:

im a college student and my score i below 600.. i have debt from getting credit cards and not knowing how to use them when i was 18.. im trying to build my credit up so i will be able to finance things when i graduate college..i applied for a capital one secured master card but got denied.. i got a list of the accounts im going to pay off within the week but keep open to also help my credit score also.. what else can i do? is there any secured card i can get approved for?

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Jann says:

All of the credit score stuff is a crock. I have 783 credit score which is considered excellent and a low debt to income ratio. However, my application was denied for a Macy’s 0% promotional account. Several months later Wells Fargo closed my personal line of credit claiming that it was a dormant account despite the fact that I just paid the entire balance off within the last 18 months. They told me to apply for a new account for which I was denied.

Both times I was furious so I contacted the corporate offices of Macy’s and Wells Fargo Bank to demand a reason why my applications for credit was denied. Surprise, surprise in both instances my applications were approved.

It really upsets me that we are nothing but a number. When my applications were denied I immediately ordered my three credit reports fearful that I had become a victim of credit fraud. To my relief no negative information appeared in my credit reports.

So what is the deal with all of this credit score crap? They say if you have a good credit score and low debt to income ratio you have nothing to worry about.

NOT TRUE

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Kasey says:

I agree. Numbers are all that matter to them. Sad.

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Angela says:

720

Applied for American Express® Fidelity Rewards Cards

I hold the American Express Delta Gold Card

The rejection noted: unsavory public record

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John says:

I own a business and a few years back we almost lost everything and our credit is shot. We are on our way back and spend a lot of money on gas, travel, Sams club and so on. I’ve got enough money to get a secured credit card to begin rebuilding are there any with rewards? Does Amex provid one? Thanks

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Jann says:

And what is that supposed to mean?

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maggie says:

I shouting out for help. Dont know what to do any more to build up my credit, I wont get approve for any kind of credit not even on the bank of america secured credit care or Chase secured credit. Why? then if I can get not even a secured credit card to star building up my credit then I dont see how can i fix it if I cant not even get that. pls help my socre is at 566 very low…

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Jann says:

Get a copy of your three credit reports to find the source of your problem. You will probably have to work with your creditors first.

Your score is probably so low because you have many unpaid accounts that are 90+ days overdue.

Another problem may be that you owe money to those institutions.

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Eric says:

I can tell you that to get a good deal in your car insurance you will want a credit score of at least 700. Insurance companies will significantly increase the price once you are below this point.

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Eileen says:

Hi, I found ur site to be very informative. I do have a question.. I’ve been working on getting negative things on my report taken care of and when I checked today one score was 752 up from 622. Unfortunately another burea has my score at 620 or 622 I’m not sure at this moment… If I apply for a credit card that requires a score of 700 or 750 , will I be denied because of my lower score .. I would really appreciate ur help in knowing for which card I should apply Thsnk u Eileen

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Jann says:

Eileen,

You should get a copy of all three credit reports to see what is causing the problem. There may be an error in your report. Once, there was negative information on my report for a person with the same last name. Our first names were different and I am 8 years older but we lived in the same neighborhood.

Computers are only as good as the people who enter the information. Also, not all creditors report to all three credit bureaus. A creditor may only report to Equifax and another may report only to Experian while another may report to TransUnion and another may report to all three.

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Bettina Wilcox says:

I payed all my debts off and can’t get a bank credit card

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Luis Delgado says:

I worked from having a low credit score to receiving a Secured Credit Card to now having a Un-Secured card. I have my credit monitored on a monthly basis and I am in the 700 average range when comparing all 3. I was denied a Discover card and was just wondering what you would recommend for someone who has a high credit score with little history. What can I most likely get approved for without having to go back to an Un-secured card. I have no late payments and nothing negative on my report at all.

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David Weliver says:

Sorry, this comment was meant for you, Luis: It’s a bit surprising that Discover turned you down with that range, but every issuer has weird requirements — you never know. I would try a Captial One card, in particular they have an application that will present the best (unsecured probably) card for your credit. You can learn more about it on another Website I run here: http://www.arrivefinancial.com/capital-one-mastercard

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Keith Watkins says:

I recently just purchased my first app德扑圈官方网址home. I tried applying for a credit card with Lowes and Wells Fargo both denied me credit. What will happen next to my credit from the inquiries and how do I get my score back up when I got denied and nothing to build on. How long should I wait until getting approve for those major consumer credit cards?

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Mike says:

What advice do you have about cards that are co-signed that are no longer needed? I currently have a mastercard with USAA, I’m ized User of my partner’s American Express Clear, and a co-signed nRewards with Navy Federal. The Navy Federal Mastercard dates back to 2006 and is still co-signed with my parents, back from when I was still in school and needed to establish credit. I’d like to open a Navy Federal Visa in just my name and have the co-signed account closed, however I’m afraid to do so at this point because it is the card with the longest history. I’d had my card with USAA for almost 4 years (2008), so it may be enough not to damage my score. I’m hoping to continue to same credit limit with the Navy Federal Visa as what is currently on the Navy Fed. Mastercard. My reasoning is that I no longer need my parents to be co-signed and I would like to diversity the credit cards I have so I would have one Visa, one MC, and one AA. Would now be a good time to make the switch? ..And should I open the new account before closing the old one (the current balance is $0)? Thanks for your help!

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David Weliver says:

I would apply for any new cards before closing out the old ones because as you note, it’s the oldest record on your credit and probably helping your score. If you want to keep the card, try calling them and asking if your parents can be removed as cosigners. They should do that for you. If not, nothing wrong with cancelling it but do realize your credit score may dip temporarily when you do so.

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Sarah says:

I have the American Express Blue Cash Everyday Card, the Discover More Card, and the Citibank Mastercard Dividend Card. My experience is the same as Laura’s, I had a credit score of around 680 when I first obtained my Amex Blue Cash Everyday Card. However, I previously had a corporate card with them that may have contributed to my approval.

I use Credit Karma for monitoring my credit and found that was approximately 25 pts lower than my actual credit scores from the big 3 when I refinanced my app德扑圈官方网址home this winter (lowest score was 744, Credit Karma consistently says 725) . Two comments on my credit score in the past few years: 1) It really helped to make at least one charge on my open lines each month. I prefer the Discover More card and its cash back but I now charge at least one bill to my mastercard and Amex and pay them each month. 2) Don’t close your oldest card. I have always paid on time but saw a significant drop in my credit after I got sick of my old Capital One card (oldest credit history) and closed the card. This is why I keep the Citibank card open now even though I don’t like the company’s customer service or rewards as much and they don’t take Amex or Discover everywhere.

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Laura says:

I just wanted to say that my credit score is only a few points above 700 and I have the Amex Blue Cash Everyday card. I love the card, but it isn’t true that you need 750+ for it.

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Nicole C. says:

I had few delinquent record on my credit history back in 2007 (when I just graduated from college). I slowly built up my credit again, which now I believe I score above 720+. I don’t quite pay attention to my score since I pay the credit balance in full every month, and I have no intention to apply for new credit. I have Discover More card and American Express Blue (reward points version) in my wallet, and last year I added BP gas reward card to my collection when it gave me 10% cash back (5% after 3 months promotion) for filling up my car.

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Jann says:

You should pay your balance off in two installments. Crazy as this may sound with the exception of American Express and Gas credit cards, creditors don’t favor those who pay their balances off each month. Remember that is how they make their money.

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Allie says:

I got turned down for a basic Amex ‘Blue Cash Everyday’ card last month. The rejection letter said my FICO score is too low at 651. I am currently working on improving my score with the help of Lexington Law. I have an unsecured Capital One card, and also a Macys Card. Both of these are reporting positively to the bureaus. I searched and researched long and hard before deciding to get these cards. I got a Victorias secret card and then after reading Consumer Reports on that card I decided not to use it (tons of hidden fees and incompetent customer service reps who ended up reporting negatively to the bureaus for many users.) I cant afford to risk it so I cut it up. I was hoping to get an Amex this time around but I will have to continue climbing up the steeeeep slope of Credit!

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Talla says:

ThaI love your blogs and have told all my co-workers about your articles. Keep up the good works!

My question is a little off the subject. I am signed up w/ a credit score monitoring service and get all 3 scores monthly. Currently my highest score is 742. But my question is this: what is the “Experian Score Tracker”? I’ve googled it and cannot find any info re: it. I thought maybe it was a tracker that averaged all your scores, but if that’s the case, it’s averaging is way off. I read others are using Credit Sesame, which I will also check out. Thanks in advance for your response.

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David Weliver says:

My understanding is it’s just one of many services that monitors your credit scores month to month.

An important reminder is that there are many different credit scoring models and ranges. So it depends on where you get your score. The best thing to do is to pick one source (Credit Karma, Credit Sesame, myFICO, etc.) and stick with that so you can see how your score changes over time.

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Mac Hildebrand says:

The methodical breakdown was helpful in this article and the links to the pages for the best cards for people in each scoring range. In the mind of a saver or very careful and financially responsible person, they are ready for the top tier card right away. Like you said though, it may be too soon if the credit history isn’t there to show your financial stability.

I had careful talks with my dad about credit card options and the privilege of having him cosign on my first credit card. Though this isn’t exactly the topic, this is why it is helpful to have an emergency fund or use debit along with with credit cards (though you want to get as many rewards as possible on the card). You want to analyze each big purchase like that big vacation and see how it could affect your credit score while you’re in the crucial first few years of building credit.

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Annie says:

Hey,

Love your blog! I came to this country about two years ago and my actual credit history started seven months ago because I blindly believed Chase bankers who kept promising me that I’d my card six months later, and I kept getting denied. So I started out with Capital One Secured Credit Card. Six months later, I got my first score from CreditKarma, Credit Sesame as well as MyCreditInform from CapitalOne. It was pretty decent at 720. I was considering an auto loan and so I applied at my local credit union but was denied coz my history was too short. So to help my history, I started applying at Citibank Student Card (denied) and at Discover Credit Card (they gave me a $500 CL). So now I’m being patient and waiting till my credit history builds some more before I try for an auto loan again. Any advice about how I could speed the process would be really appreciated. Thanks!

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David Weliver says:

That’s tough, Annie. Proof that you can have a good credit score but not enough credit history to be approved for things. How long have you had the secured card? I would think a year of history should be enough to get an auto loan. You might try to apply for a loan directly at a dealer…the interest rate may be higher, but then after a year you can go back to your credit union and try to refinance at a lower rate.

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Loren says:

I recently applied and was approved for the AmEx Starwood Preferred Guest card with a score of 736. I use Credit Karma to regularly check my credit score (on the advice of Money under 30) and my credit has risen dramatically after setting up my automated finance system. This stuff really works! Thank You!

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Samantha says:

Just as an aside, my credit score is 768… so I am pretty certain I am doing something right. This is the only thing I haven’t quite figured out yet. I wasn’t taught about paying off credit cards or how I wanted to use them. I know now though!

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Samantha says:

If I’ve got a $2,500 balance, on a credit card with 14% interest, is it work it to apply and open a credit card with a 0% introductory balance? I only have one other credit card in my name that has $300 and will be paid off by the end of the month. I figured we could save a decent amount of money on opening up another card. The most we’d be able to pay is $300 a month on the credit card. Would it be better just to eat the interest and open up a rewards credit card after we’ve paid this off? I haven’t been able to find good rewards card that offers 0% on balance transfers?

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David Weliver says:

If you pay $300 a month on that card you’ll pay it off in 11 months and pay about $145 in interest. Because most 0% cards have balance transfer fees (except, right now, for Chase Slate) the savings would be fairly small (example, a 5% fee would cost $125, so you’d save $20). If you don’t think you can swing $300 a month every month until it’s paid off, however, do the transfer. Lastly, don’t use a balance transfer card for new purchases…only to pay off the balance.

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Maria says:

My credit score is in the low 700’s, and I recently applied for a credit card with my bank (Citibank) and was turned down. I assumed it was due to my debt/income ratio, as I have a high student loan balance that I am paying down? I currently use my Amex for most purchases, I find their services are very useful.

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Spanish SCUBA Steve says:

Hi David,

Thanks for your emails and invitations for feedback. To answer your questions, I applied for a Chase Freedom card last August because I needed to cover some work-related travel expenses. Chase approved me with a credit score of 690, according to the paperwork which came with the card. I’ve had lots of questions for Chase since August and have been very happy with the customer service.

This past February I applied for a loan after catching a serious case of good-old-sailboat-itis and was informed that my credit score was 780. I don’t recall which of the credit reporting bureaus were used for the various credit checks, but the difference in scores from August to February was surprising. (It turns out that most loans for old boats involve double-digit interest rates; the dream lives on…)

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Kathryn says:

In the last year, I ended up closing my United Mileage Plus credit card (mostly due to the terrible service I received and dissatisfaction with United). I then opened the Southwest credit card, which flies to the destinations I frequently travel to, and I’m much happier with both the flying and banking aspect of the card. I don’t know my exact credit score but was told it was “good” and I was approved.

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Meghan says:

Thanks for all of the great articles! About nine months ago, I applied for an American Express Blue Cash card (at your recommendation). My credit score at the time was between 730 and 745, and I was approved.

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kebuda says:

I use Credit Sesame (thanks to Money Under 30) to monitor my credit score at least once a month. I recently, after extended deliberation, decided to close several store/major credit cards I had opened in my early 20s. The cards did not have a balance, many were one-time, % off deals that I no longer carried or used. I was worried about how it might effect my score, but was happily surprised to see my score go up about 20 points. Apparently closing some open lines of credit brought my open credit to debt ratio closer to what creditors consider an ideal range (still not quite sure what that range is). I currently use a Navy Federal cash back card and one store credit card for free shipping and free alterations.

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Zach says:

I also use Credit Sesame to monitor my credit score, but I use Credit Karma as well. I prefer Credit Karma (except for the fact that they don’t have an iPhone app). I applied for the Discover More Card a month or two ago and was approved with a credit score in the 715-730 range. I use my Discover Card for nearly everything (paying off the full balance every month) and have already earned the $200 cash back bonus. No annual fee and great cash back program. I would highly recommend.

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Carl Lassegue says:

Great article! It makes sense to monitor your credit score for errors but knowing what you can qualify for is a lot more practical and gives it a little more everyday meaning. How much of a hit does your credit score take when you miss a credit card payment?

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