My score is 650. Why is it so hard to get an unsecured card?

Answered on December 13, 2020
Updated on December 13, 2020
The content is accurate at the time of publication and is subject to change.
James Williams James Williams

To get an unsecured card you should show sufficient income and have a stable job. The banks should see that you can manage credit cards: make on time payments and stay within limits. The length of your credit history is important as well: little credit experience may result in denied credit card application.

For most credit card issuers your credit is fair. And if you apply for a wrong credit card, for a card which requires a higher credit score than you have, you will be denied. To avoid this consider credit cards for fair credit.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

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BROWSE MORE QUESTIONS ABOUT Fair Credit Cards:

There is no universal credit card offer that is definitely the best one for someone with fair credit. The thing is we all have different financial situations and credit histories even though they are all tagged as “fair credit”. Moreover, your needs and the way you manage your credit cards also determine which credit card is good for you. For example, if you need a credit card to improve your credit and you tend to overspend, we would not recommend you a credit card with rewards but a card without an annual fee and without rewards instead. However, if you pay off the card balances...
If you are someone with fair credit, your credit score lands you between “poor” and “good.” FICO is the most popular scoring system now. It is often used by major issuers to make an approval decision. According to the FICO credit score range, fair credit falls between 640 and 699±. If your credit score falls within this range or close to this range, then your credit can be considered fair. There are plenty of credit cards suitable for average credit. If you build your credit, you'll be able to qualify for premium credit cards and get exclusive perks and offers. ±Credit scores are...
Most co-branded credit cards like Speedway credit card won't require you to have excellent credit to qualify. It is often enough to have fair credit to get such card. However, if you want to apply for this card simply because of rewards it gives, you may want to skip this offer and apply for their free Speedy Rewards program. You won't get line of credit but will be able to earn rewards. Also, applying for their loyalty program won't hurt your credit score. Or you can apply for a credit card for fair credit. Some of these credit cards offer rewards program.

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