Can you get credit cards with a credit score of 650?

Question

I just checked my credit score and it has gone up from 570 to 650 in two years. What could I expect if I applied for a credit card or tried to refinancing my home with a 650 credit score?

Answer 1

Technically 650 is border line fair to good, You will be able to get a credit card no matter what kind of score you have. You are well on your way to having good credit. Keep it up.

Answer 2

Credit score is made up of the following items; 1. Payment history 35% 2. Time in bureau 15% 3. New credit 10% 4. Type of credit used 10% 5. Debt to income ratio 30% As you can see items 1,2&5 are the most important as far as score is concerned. But you need to have a good score and a good profile. To achive this you will need at least 3 revolving accounts (credit cards) and 2 installment accounts (auto, home, personal or boats) all with good long pay historys and low balances on your credit cards. This mix of credit will give you the best score/profile. Your credit limit has nothing to do with your score, it's how much of it you have used that is important. Keep your credit card balances below 30% of your limit at all times. Pay them in full whenever you can.

Answer 3

Amazingly enough, you can get high-interest credit cards with a terrible credit score of below 500. A credit score of 650 is actually a pretty good score!

Answer 4

You should be able to qualify for a card with a decent APR of 10% to 15%.

You would pay about 1/2% more on a home loan than those with the best credit would.

Answer 5

you can get a credit card with no score just as easily as one with a bad score and this would not apply to you. as far as doing a refi a 650 score with a low to medium loan to value (how much your house is worth compared to how much loan you have) and a good debt to income ratio with FULL documentation would land you prime rates... however if any of the three things need to be ammended or are not strong then your rates will be anywhere from prime +1 to +3 if you did not document your income at all.. hope i didn't confuse you to much.. feel free to email me if you want clarification or more specific info

Answer 6

650 is a good score (average) you should be fine. My score is 688 I don't have problems getting credit cards

Answer 7

I had a very poor credit score and was not deprived of getting a credit card, got one via NHBS, Inc, they have better cc programs, might as well check with them

Answer 8

whogavemecredit.com
this site will tell you whitch credit cards will approve you with what scores

Answer 9

650 is good, you can get a credit card, with decent apr/
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http://www.bestcreditrates.net

Answer 10

Yes....