FAQs
The best credit card for a 480 credit score is the OpenSky® Plus Secured Visa® Credit Card because it does not check your credit score when you apply and has a $0 annual fee. The OpenSky® Plus Secured Visa® Credit Card also reports to the credit bureaus on a monthly basis.
Can I get a credit card with a score of 480? ›
A 480 credit score can be a sign of past credit difficulties or a lack of credit history. Whether you're looking for a personal loan, a mortgage or a credit card, credit scores in this range can make it challenging to get approved for unsecured credit, which doesn't require collateral or a security deposit.
What can I get with a credit score of 480? ›
The amount of money you can get through a personal loan with a credit score of 480 may not be very much. You may be able to get a few hundred dollars through payday loan organizations, or a few thousand through a secured loan like a title loan.
Can you recover from a 480 credit score? ›
There are no quick fixes for a Very Poor credit score, and the negative effects of some issues that cause Very Poor scores, such as bankruptcy or foreclosure, diminish only with the passage of time.
What is the lowest score to get a credit card? ›
There is no official “lowest score” that card issuers will accept because whether you get approved for a card depends on a variety of factors, not just your credit score.
Can I get an unsecured credit card with a 480 credit score? ›
Key Things to Know About a 480 Credit Score
For example, you could borrow a small amount with certain unsecured credit cards or a personal loan with no credit check, but the interest rates and fees will be high.
What is the easiest credit card to get approved for? ›
Easiest credit cards to get
- Best for students: Discover it® Student Cash Back.
- Best for no annual fee: Citi Double Cash® Card.
- Best secured credit card: Discover it® Secured Credit Card.
- Best for cash back: U.S. Bank Cash+® Visa® Secured Card.
- Best for no credit: Petal® 2 “Cash Back, No Fees” Visa® Credit Card.
FICO Score
| Below 580 | Poor |
|---|
| 580–669 | Fair |
| 670–739 | Good |
| 739–799 | Very Good |
| 800+ | Exceptional |
Jun 5, 2023
Average score recovery time by type of event
| Event | Average credit score recovery time |
|---|
| Hard credit inquiry | 3 months |
| Late mortgage payment (30-90 days) | 9 months |
| Foreclosure | 3 years |
| Bankruptcy | 6+ years |
2 more rowsYou can get a $500 loan via a personal loan, payday loan, payday alternative loan, cash advance app, or credit card cash advance. However, some options are better than others. Some small loans come with high costs that can cause financial hardship.
10 Ways to Boost Your Credit Score
- Review Your Credit Report. ...
- Pay Your Bills on Time. ...
- Ask for Late Payment Forgiveness. ...
- Keep Credit Card Balances Low. ...
- Keep Old Credit Cards Active. ...
- Become an Authorized User. ...
- Consider a Credit Builder Loan. ...
- Take Out a Secured Credit Card.
How to Raise Your Credit Score by 200 Points
- Get More Credit Accounts.
- Pay Down High Credit Card Balances.
- Always Make On-Time Payments.
- Keep the Accounts that You Already Have.
- Dispute Incorrect Items on Your Credit Report.
Top ways to raise your credit score
You can accomplish this action by paying down debt, upping your credit limit or opening a new credit account. Additionally, there are a couple other things you can do to start your journey to an increased score, including the following: Make credit card payments on time.
What credit score is needed for a $5000 card? ›
A credit score of 700 or better is typically needed for a card that offers a $5,000 credit limit. This means that these cards usually require you to have good or excellent credit. You will normally need a high income and little to no existing debt to get a limit that high, too.
What credit card has a $2000 limit for bad credit? ›
Easiest Unsecured Cards to Get with $2,000 Limit and Bad Credit
| Lender | Scholaroo rating |
|---|
| Petal 1 Rise Credit Card Best for no security deposit Visit website | 4.5/5 |
| Surge® Platinum Mastercard® Best for choosing your own card design Visit website | 4.2/5 |
| Reflex® Platinum Mastercard® Best for an instant decision Visit website | 4.2/5 |
Nov 8, 2023
Some of the easiest unsecured cards to get approved for are the Indigo® Mastercard®, Mission Lane Visa® Credit Card and Milestone® Mastercard®.
Can I get a credit card with 486 credit score? ›
A 486 credit score can be a sign of past credit difficulties or a lack of credit history. Whether you're looking for a personal loan, a mortgage or a credit card, credit scores in this range can make it challenging to get approved for unsecured credit, which doesn't require collateral or a security deposit.
Can you get a credit card with a score of 440? ›
With an 440 credit score, you're unlikely to get approved for a traditional credit card.
