Is there any minimum credit score requirement to apply for a credit card?
If you are looking for an absolute number then let me tell you, there is no defined minimum credit score for credit card. However, for faster and easier approvals, it is recommended that you keep your credit score above 750. This will help you get great deals and comparatively lower interest rates.
On the contrary, if you already have a lower credit score, say somewhere around 600-700, you will have to bear higher interest rates and there is a chance of facing credit card rejection.
If you want to apply for a credit card with a lower credit score then you have two options;
- Either get a secured credit card (a credit card that you can get against a fixed deposit)
- Or you settle with an unsecured credit card that offers limited benefits
These are your options when applying for a credit card with a minimum credit score. I would suggest you start working on improving your credit score from now on so that you can avail maximum benefits.