Can I get a Discover card with a 700 credit score?
The minimum credit score needed to get most
You can get a Discover credit card with any credit score or even no credit history at all. Discover has credit card options to fit every consumer. If you have bad credit or no credit history, you could get a secured card with Discover.
Lower credit score requirements
No credit score is required to apply for Discover it® Student Cash Back, Discover it® Student Chrome, and Discover it® Secured Credit Card. Discover will consider information you include on your application and provided by others to determine your eligibility.
| VantageScore 3.0 credit score range | Average credit card limit |
|---|---|
| 300–640 | $3,481.02 |
| 640–700 | $4,735.10 |
| 700–750 | $5,968.01 |
| 750+ | $8,954.33 |
It's not hard to get a Discover card. Discover has credit card options for just about everybody, from people who are building or rebuilding credit to those who have a high credit score already. Make sure to pick a card that matches your financial situation.
Discover provides your FICO® Score 8, which is one of the company's most widely used scoring models, according to FICO. Lenders use several different kinds of FICO® Scores, depending on the type of loan they provide. Discover provides your score from data on your TransUnion® credit report.
Discover credit card limits will always be at least $500, and there's no disclosed maximum. How much you get is determined by your creditworthiness. The only exception is if you have Discover it® Secured Credit Card.
The best credit card overall is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on all purchases and has a $0 annual fee. For comparison purposes, the average cash rewards card gives about 1% back. Cardholders can also get an initial bonus of $200 cash rewards after spending $500 in...
Axis Bank Insta Easy Credit Card
With minimal documentation, this card is apt for people trying to enhance their credit score. Key features of Axis bank Insta Easy Credit Card: Get a credit limit up to 80% of your FD. 1% fuel surcharge waived on all fuel transactions.
At this point, there are three possible outcomes: You can be instantly approved for an account, instantly denied, or receive a message that your application needs further review. With an instant approval, the issuer will typically deliver the card in 7-10 business days.
Can I get a $10,000 loan with a 700 credit score?
You can borrow from $1,000 to $100,000 or more with a 700 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.
A 700 credit score may be able to help you get lower annual percentage rates (APRs), which translates to lower interest rates on loans and mortgages. This can help you save on interest costs over long periods of time.
With FICO, fair or good credit scores fall within the ranges of 580 to 739, and with VantageScore, fair or good ranges between 601 to 780. Many personal loan lenders offer amounts starting around $3,000 to $5,000, but with Upgrade, you can apply for as little as $1,000 (and as much as $50,000).
Whether it's cash back, travel rewards, or even a secured card to build credit, Discover has something to meet your needs. But, not all applicants will be approved for all cards. There are no absolutes—ultimately the decision to approve you or not is at the discretion of the issuer.
Common reasons applicants are denied credit cards include low credit scores, no credit history, inadequate ratio of income vs. expenses, and not meeting minimum age requirements.
The lender might have concerns about your income or your ability to pay bills on time, or might not be able to approve you if you're currently in bankruptcy or recently filed for bankruptcy.
It's normal to see slight differences in your credit score when you review credit reports from different credit bureaus. Your credit score may be different because creditors don't always report to all three major credit bureaus.
The most widely used model is FICO 8, though the company has also created FICO 9 and FICO 10 Suite, which consists of FICO 10 and FICO 10T. There are also older versions of the score that are still used in specific lending scenarios, such as for mortgages and car loans.
Some types of mortgages have specific minimum credit score requirements. A conventional loan requires a credit score of at least 620, but it's ideal to have a score of 740 or above, which could allow you to make a lower down payment, get a more attractive interest rate and save on private mortgage insurance.
According to Experian™, one of the three main credit bureaus, the average total credit limit across multiple cards was about $30,000 in 2021. In 2022, the average credit limit for the baby boomer generation was about $40,000, while Gen X had about $36,000 in credit limit and millennials had an average of about $30,000.
How to get a 20K credit card limit?
- Apply for a High-Limit Card. Explore credit cards designed for individuals with good or excellent credit. ...
- Improve Your Credit Score. Your credit score is an important factor that card issuers consider when determining your credit limit. ...
- Increase Your Income.
In general, your chances of being approved for a $5,000 limit credit card are best if you apply for a secured credit card that allows you to deposit $5,000. The deposit acts as your spending limit, which prevents you from spending more than you can afford to repay.
- Instant approval for Amazon Prime Visa. ...
- A rewarding card for essentials Blue Cash Preferred® Card from American Express. ...
- Instant access to a great travel card Chase Sapphire Preferred® Card. ...
- For below-average credit Capital One Platinum Secured Credit Card. ...
- No credit check required OpenSky® Secured Visa® Credit Card.
- Rates & Fees. Upgrade Cash Rewards Visa®
- American Express Optima® Credit Card *
- Total Visa® Card.
- Self Visa® Credit Card.
- Prosper® Card *
- Credit One Bank® Platinum Visa® for Rebuilding Credit *
- Milestone Mastercard® – $700 Credit Limit.
| Card name | Credit score | Annual fees |
|---|---|---|
| OpenSky® Secured Visa® Credit Card | Fair, Poor, Bad, No Credit | $35 |
| Capital One Quicksilver Secured Cash Rewards Credit Card | Limited, Bad | $0 |
| Capital One Platinum Secured Credit Card | Limited, Bad | $0 |
| Revenued Business Card | Bad, Good | No annual fee |
