WebNov 1, 2024 · This variation of the FICO score focuses on predicting your credit risk for a credit card. Another notable difference is in the score range: The base FICO scores range from 300 to 850 points, while the industry-specific FICO scores have a … WebMar 19, 2024 · Each month or so your credit card issuer (among a few other businesses) reports your account activity to one or more of the three major credit bureaus to be included in your credit report. 1. That means your credit limit, credit card balance, payment history, account status, and date you opened the account will all influence your credit score.
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WebNov 22, 2024 · Tom Giancola, chief credit risk officer at Mercury Financial, said in a previous interview that consumers typically need a FICO score in the low 600s to qualify for a basic, no-frills credit card. For a basic rewards card, you’d need a score in the mid 600s to the low 700s. And to qualify for the premium cards with the most valuable rewards ... Web1 day ago · In general, good credit should improve your chances of approval when you apply for financing. 2. Lower interest rates. Lenders, credit card companies and others rely on your credit score and ... children\\u0027s tv characters
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WebMar 27, 2024 · John S Kiernan, Managing Editor. @John. One of the best unsecured credit cards for no credit is the Petal® 2 Visa® Credit Card because it has a $0 annual fee and a 0% foreign fee. The Petal 2 Card also rewards cardholders with up to 1.5% cash back. Or, if you’re in college, you can get a student credit card. WebJan 5, 2024 · As per usual with cards for lower credit scores, the ongoing APR is high at 26.99 percent to 29.99 percent variable, so try not to carry a balance each month. Capital One Platinum Credit Card ... Web7 rows · Apr 6, 2024 · The best instant approval credit cards for fair credit are the Capital One Platinum Credit ... gow leviathan axe