Can you get a credit card with a 550 credit score?

+1 vote
asked Oct 21 in Credit by kidia (250 points)
Can you get a credit card with a 550 credit score?

1 Answer

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answered Oct 21 by GrinJule (410 points)
A 550 Credit score is not great but it's not really, really bad either.

You can get a credit card while having a credit score of 550 but you'd likely need to get a secured credit card through Capital One where you put up a deposit that becomes your credit limit.

You then use the credit card like normal and pay the bills monthly when you get them and if you pay on time and pay down the balance on the credit card the secured credit card through capital one will help to increase your credit score so you can get a regular credit card in the future.

Eventually once you make on time payments and use the secured credit card responsibly the deposit for the secured credit card will be refunded to you.

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