What credit card can I get with a 505 credit score?

The best type of credit card for a 505 credit score is a secured credit card. Secured cards give people with bad credit high approval odds and have low fees because cardholders are required to place a refundable security deposit. The amount you put down usually becomes your credit limit.


Can I get a credit card with a 500 credit score?

Yes, you can get an unsecured credit card with a 500 credit score, but you will likely end up with high fees, high interest rates, and a low credit limit. The best unsecured credit card to get with a 500 credit score is the Credit One Visa card.

What can a 500 credit score get you?

A score of 500 is considered below average for VantageScore and FICO. It can be difficult to be approved for certain types of credit if your credit scores are below average. And if you are approved, you might pay extra fees, face higher interest rates for loans or have to put down a security deposit.


What is the minimum credit score to get a credit card?

There is no minimum credit score needed for a credit card. Even borrowers with poor credit (a score of 300) or no credit card at all can qualify for some credit cards. However, options for bad-credit borrowers are limited and usually come with a high annual percentage rate (APR) and fees.

Is a credit score of 505 good?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 505 FICO® Score is significantly below the average credit score.


Does Opening a New Credit Card Hurt Your Credit Score?



Can you buy a house with a 505 credit score?

Conventional Loan Requirements

It's recommended you have a credit score of 620 or higher when you apply for a conventional loan. If your score is below 620, lenders either won't be able to approve your loan or may be required to offer you a higher interest rate, which can result in higher monthly payments.

Can you get a personal loan with a 505 credit score?

If you're in the 450 – 500 score range, expect to pay up to 36% for an unsecured personal loan, and perhaps somewhat less for a secured one. Even the best personal loans may include an origination fee. The same rates apply to subprime credit cards.

What score do you need for an Amazon credit card?

To get approved for this card, you'll need to have a good credit score of at least 670, though having a higher one certainly won't hurt your chances.


Can I get a Walmart credit card with a 520 credit score?

The Walmart Credit Card credit score requirement is 640 or higher. That means people with fair credit or better have a shot at getting approved for this card. The Walmart® Store Card also requires at least fair credit for approval.

What credit score is needed for an American Express card?

According to the score ranges from FICO, that means American Express applicants typically have at least a 670 score: Exceptional. 800 and above.

How long does it take to get credit score from 500 to 700?

Depending on how well you utilize your credit, your credit score may get to anywhere from 500 to 700 within the first six months. Going forward, getting to an excellent credit score of over 800 generally takes years since the average age of credit factors into your score.


How to raise credit score from 500 to 700?

Pay all your dues on time and in full if you wish to increase your credit score from 500 to 700. Missing a repayment or failing to repay the debt will significantly impact your credit score.

How long does it take to go from 500 to 600 credit score?

Average Recovery Time

The good news is that when your score is low, each positive change you make is likely to have a significant impact. For instance, going from a poor credit score of around 500 to a fair credit score (in the 580-669 range) takes around 12 to 18 months of responsible credit use.

What credit score do you need for a Walmart card?

You need a credit score of 640 or higher to qualify for a Capital One Walmart Rewards® Mastercard®. This implies that those with average to exceptional credit are more likely to get approved for the Walmart Credit Card.


How much credit should I use on a 500 credit limit?

You should aim to use no more than 30% of your credit limit at any given time. Allowing your credit utilization ratio to rise above this may result in a temporary dip in your score.

What is the lowest credit score to get an unsecured credit card?

Typically, you'll need a credit score in the good to excellent range (670-850) to get approved for an unsecured credit card. Some card issuers offer credit cards aimed at consumers with below-average or fair credit (580-669).

What credit score do I need for a JCPenney card?

The JCPenney Credit Card, on the other hand, requires a 640+ credit score (fair credit).


What credit cards are easiest to get?

Secured credit cards are by far the easiest type of credit card to obtain, particularly if you have a poor or limited credit history.

Can I get a Target credit card with a 620 credit score?

Qualify with even “fair” credit

You only need “fair” credit to qualify for the Target RedCard, which means it's possible to get approved with a credit score of just 620.

What credit score is needed for PayPal credit?

Alternative Credit Card Option

The PayPal Cashback Credit Card requires at least good credit (a credit score of 700+) to get approved. If you'd like to know where you stand, you can check your credit score for free, right here on WalletHub.


Is it easy to get a Walmart card?

No, it is not hard to get a Walmart Credit Card, though it's not especially easy, either. You need a credit score of 640, at a minimum. This means people with fair credit or better should have a shot at approval. The same applies for the Walmart® Store Card, too.

What bank does target use for their credit cards?

The RedCard credit cards (Target Credit Card and Target Mastercard) are issued by TD Bank USA, N.A. The RedCard debit card is issued by Target Corporation.

What does your credit score have to be to get a 20k loan?

You will likely need a credit score of at least 660 for a $20,000 personal loan. Most lenders that offer personal loans of $20,000 or more require fair credit or better for approval, along with enough income to afford the monthly payments.


What is the easiest loan to get approved for?

The easiest loans to get approved for are payday loans, car title loans, pawnshop loans and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they're available to people with bad credit. They're also very expensive in most cases.

What is the lowest credit score you can have to get a personal loan?

Generally, borrowers need a credit score of at least 610 to 640 to even qualify for a personal loan.