Can I Get an Unsecured Credit Card with a 500 Credit Score? (2024)

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. This card offers a $300 starting credit limit, the potential for automatic credit line increase, and rewards on select purchases. The annual fee is $75 for the 1st year and $99 after.

Unsecured Credit Cards to Get With a 500 Credit Score

The odds of getting approved for a decent unsecured credit card are higher with a credit score of at least 640. The higher your credit score is, the better your chances of getting an unsecured card with good terms will be.

People with bad credit who are in the market for a credit card should look into applying for a secured cardinstead. Most secured cards come with $0 annual fees, and some cards, such as theBank of America Custom Cash Secured Card, give rewards on purchases. Additionally, your chances of approval will increase if you apply for a no credit check card.

Secured cards are also easier to get than unsecured cards because you’ll have to pay a security deposit, usually $200 at a minimum, to open the account. The amount of your deposit determines your credit limit in most cases, and you can increase your limit by adding more money to your deposit. Your deposit is fully refundable when you close the account in good standing.