Can I get a Discover card with a 500 credit score? (2024)

Can I get a Discover card with a 500 credit score?

WalletHub, Financial Company

Which credit card can I get with 500 credit score?

What credit score do you need for a Discover it card?

To qualify for the Discover it Miles card, you'll need a good or excellent credit score. Like the Discover it Cash Back, this means you'll want a credit score of 670 or above. However, a greater credit score usually means a greater likelihood of getting approved.

What is the lowest credit limit for Discover cards?

How much you get is determined by your creditworthiness. The only exception is if you have Discover it® Secured Credit Card. In that case, your credit limit is the amount of money you put down as a security deposit, at least $200 and up to $2,500. But every other available Discover card has a credit limit of $500+.

What is the easiest unsecured credit card to get with a 500 credit score?

The best unsecured credit card to get with a 500 credit score is the Credit One Visa card.

Is Discover card difficult to get?

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.

What is the easiest card to get approved?

What credit card will approve anyone?

The easiest credit card to get approved for is the OpenSky® Plus Secured Visa® Credit Card because there's no credit check for new applicants. The card has a $0 annual fee and easy-to-satisfy approval requirements that allow you to start building credit history right away, even with bad credit or no credit at all.

Which bank approves credit card easily?

The Discover it^® Secured Credit Card is our pick for the easiest credit card to get because it is designed for people with low credit scores. It comes with a $0 annual fee, great cash back rewards and a sign-up bonus for new cardmembers.

Does Discover approve instantly?

If you receive any preapproval offers, you can submit your application right away. You will usually receive a response immediately, and some cardholders might be instantly approved. If approved, you will receive your new card in the mail within about two weeks.

Which FICO score does Discover use?

The score Discover provides may be different than other scores you see for several reasons: 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.

Does discover card accept everyone?

Discover is accepted nationwide by 99% of the places that take credit cards. Get the facts–99% of merchants nationwide who take credit cards accept Discover.

Can I get a Discover card with a 550 credit score?

The minimum credit score needed to get most Discover credit cards is 700 or above. There are a few Discover cards for which there's no minimum credit score requirement, such as the Discover it® Secured Credit Card which you can get with a bad credit score (below 640).

How much does Discover approve you for?

The Discover it® Cash Back credit limit is at least $500 for all cardholders. It has the potential to be higher, too. Discover does not disclose a maximum credit limit, but there are reports of some cardholders receiving credit limits between $2,000 and $11,000.

How does Discover determine credit limit?

Your credit limit is determined by several factors, including your credit history, income, and debts. Your debt payment history, amounts owed, credit mix, and other factors all make up the calculations for your credit score and, eventually, the credit limit offered to you.

Can you do anything with a 500 credit score?

When your score is 500, you'll have trouble qualifying for some financial products. You will have to pay the highest rates on loans and credit cards, and you may pay more for car insurance. The good news is it might not take much to move the needle on your score.

What is the second chance credit card?

Second chance credit cards are designed for people with bad credit, which means you should be able to get approved for one even if you've made mistakes with money in the past. ... show more. You can find both types below (some offers are from WalletHub partners).

What credit card can I get with 520 credit score?

One of the best credit cards for a 520 score is the Capital One Quicksilver Secured Cash Rewards Credit Card because it offers rewards and a $0 annual fee. This credit card requires a security deposit of at least $200 to open the account. Most of the best cards for people with a 520 credit score are secured cards.

Why did I get denied for a Discover card?

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.

Why don't people take Discover cards?

There's about one-seventh the number of Discover cards as Visa cards, so merchants may not have as much of an incentive to accept them. Discover sometimes charges merchants more for card acceptance than either Visa or Mastercard. Discover hasn't pushed into international markets as aggressively as its rivals.

Is it better to have a Visa or Discover?

While Discover cards offer basic benefits such as free access to your FICO credit score and zero fraud liability, Visa cards have more to offer, especially for travel purchases. There are three different levels of Visa card benefits (Visa Traditional, Visa Signature and Visa Infinite).

What is the #1 credit card to have?

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 in 2024 gives about 1% back. Cardholders can also get an initial bonus of $200 cash rewards after spending...

What are instant approval credit cards?

With an instant approval credit card, you can typically receive a response to your application within minutes. But whether you're approved or denied will depend on various requirements set by the issuer, such as income, credit score, housing payments and more.

How do I get a credit card if no one will approve me?

You can still get approved for a credit card without a credit history. In fact, there are credit cards designed for people with no credit, such as secured cards and student cards. You'll want to pay attention to features like fees and interest rates when shopping for your first credit card.

Which credit card has no credit check guaranteed approval?

The easiest credit cards to get with bad credit are the OpenSky® Secured Visa® Credit Card and the OpenSky® Plus Secured Visa® Credit Card because they are secured cards that don't require a credit check.