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

Question

I have around a 650, does anyone have any good suggestions on a card for that score?

Answer 1

To get a credit card, it takes more than just a good score.

Pull your credit report to make sure that it is reporting correctly and dispute items that are not.

Although, at 650, that is pretty decent to get a good credit card - depending on which bureau it is under. Go to www.whogavemecredit.com and search that score to get an idea of what others have gotten with the same score.

If you have no credit history, that can be a problem - start out with getting a secured card. Usually after 6 months or so a bank will turn it into a real credit card with a limit. Don't take out loans to raise your score. Credit is supposed to be a tool, not put you into debt!

Check out creditnet.com and creditboards.com to see if theres info out there that can help you get started!

Good luck!

Answer 2

Here is why canceling cards can hurt your score, surprisingly. Your credit score, aside from on-time bill payments, is based on two other variables: your income to debt ratio and your debt to credit available ratio. In this case, if you cancel the cards, let's say each card is granting you at least a $5,000 credit limit, you are decreasing your available credit by almost $15,000 while your other debts stay the same. If on that last card you have it maxed out (which you say you don't, but for example), then yeah this would reflect badly. If though you can get rid of the balance on your fourth card, maybe even ask the card company to raise your limit if you're thinking of keeping it and you qualify, then slowly cancel the other 3 cards one at a time, this might put you in better shape. Still, the fact you had nearly 4 credit cards on your record is going to bite you a bit eventually, but credit does heal with time. If you haven't seen your credit report in a while, I would try making sure you have no credit card debt and cancel one of them. Then a month later, check your credit report (you can get a credit report for free once a year). See where it falls. Anything above 650 is considered a great score, so if you're above that, I'd think you'd be fine to get rid of the others too.

Answer 3

That's good enough; the only way you get much higher is by taking out and repaying loans. Just apply, but be sure to read the fine print and make sure you know what you're getting into. Based on this and other questions you've asked, I'm going to make the big assumption that you're pretty young yet. The fact that you have a decent credit score already is actually quite admirable, but if you have problems getting a credit card, you might want to consider having someone like your parents co-sign with you, so that you can use the credit card to improve your credit score and one day apply for one without their names on it. Still, considering they have high-interest, sudden-death kinds of credit cards for people with absolutely NO credit history or a really low score, I don't see you having any problems finding one. (Of course, some of those credit card companies are actually HOPING you miss payments, so they can come and repossess everything except your gym socks)

Answer 4

Actually, if credit is an issue.....I won't tell u how I know this...but you can go and get a GreenDot pre-pay mastercard or visa. I got mine at cvs. I don't know if you've heard of it, but all you do is go to cvs, tell them you want a pre-pay credit card, give them however much money you want on the caed. It's basically a debit card with all the credit card logos that you can use is cases when you must have a credit card.

Answer 5

they will give credit cards to people with a credit score of anything. the credit score is nothing more than a score they put on people with debit. by the way the best score is zero, which means you don't have debit and you don't make any payments and don't have any credit cards.

Answer 6

having good before you get a credit card is not the problem is make sure you keep a good credit score after you get one

Answer 7

Actually you can have a 0 and get a credit card, but don't do it!!!!.Unless you only plan on buying a pack of gum or something and paying it of before the bill comes. They are money hungry credit ruiners. Cut throat. If you wanna own something someday, Be careful.

Answer 8

Just about anyone can get one. I've heard numerous stories where they just send to any name and address without checking score: babies, the deceased, even pets. They're the snail equivalent of spam, as far as I'm concerned. I'm pretty sure they like people with low scores, because they can count on getting more interest that way. I think scores are more important for loan and mortgage rates and things like that.

Answer 9

Any credit company will gladly give you a card with an interest rate high enough to bend you over and give you a real understanding as to what debt is. I suggest American Express cards. They scream class and Robert Deniro uses an AMEX.

Answer 10

A lot of cards look at your bank accounts/total household income too. You can't get an American Express unless you make at least $14,000 annually think it is.