Can I get a credit card with 613 credit score?
Multiple issuers, including some of the bigger names in the industry, make cards available to people with a credit score in the 600 range. Just keep in mind that credit score alone is not enough to qualify for any card; issuers take multiple factors into account when evaluating applications, including your income.
Credit Rating: 613 is considered a bad credit score. Borrowing Options: Most borrowing options are available, but the terms are unlikely to be attractive. For example, you could borrow a small amount with certain unsecured credit cards or a personal loan for damaged credit, but the interest rate is likely to be high.
Scores ranging from 300 to 579 are classified as poor. Scores ranging from 580 to 669 are categorized as fair. Scores ranging from 670 to 739 are considered good. Scores ranging from 740 to 799 are viewed as very good.
Card name | Reward highlights | Fees |
---|---|---|
Mission Lane Cash Back Visa® Credit Card | Unlimited 1 percent or 1.5 percent for all qualifying purchases | $0 annual fee |
Capital One Platinum Credit Card | N/A | $0 annual fee |
That likely means a score of at least 670 on the FICO scale and more than 660 on the VantageScore scale. FICO scores are the most widely used, but both scoring systems represent the risk you pose to lenders on a scale of 300 to 850. The higher the score, the lower the risk.
- Build Your Credit File. ...
- Don't Miss Payments. ...
- Catch Up On Past-Due Accounts. ...
- Pay Down Revolving Account Balances. ...
- Limit How Often You Apply for New Accounts.
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).
A FICO® Score of 613 places you within a population of consumers whose credit may be seen as Fair. Your 613 FICO® Score is lower than the average U.S. credit score. Statistically speaking, 28% of consumers with credit scores in the Fair range are likely to become seriously delinquent in the future.
The best credit card for a 630 credit score is the OpenSky® Plus Secured Visa® Credit Card because it does not check your credit score when you apply and has a $0 annual fee. The OpenSky® Plus Secured Visa® Credit Card also reports to the credit bureaus on a monthly basis.
As someone with a 630 credit score, you have just crossed over into the “fair” territory of credit score bands. You can qualify for financial products, like a mortgage or car loan, but you will likely pay higher interest rates than someone with better credit.
Can I get an Amex with a 600 credit score?
Maria Adams, Credit Cards Moderator
No, you cannot get an American Express credit card with a 600 credit score, which is considered bad credit. Most Amex credit cards require a credit score of 700 or better for high chances of approval. This means you need to have at least good credit to get an Amex credit card.
- Review your credit reports.
- Get a handle on bill payments.
- Use 30% or less of your available credit.
- Limit requests for new credit.
- Pad out a thin credit file.
- Keep your old accounts open and deal with delinquencies.
- Consider consolidating your debt.
- Track your progress with credit monitoring.
Chip Lupo, Credit Card Writer
The best credit card for a 650 credit score is the Citi Double Cash Card, which has a $0 annual fee and offers 2% cash back on purchases. The Citi Double Cash Card also reports to the major credit bureaus every month, so it can help you improve your credit history if used responsibly.
The minimum credit score needed for most mortgages is typically around 620. However, government-backed mortgages like Federal Housing Administration (FHA) loans typically have lower credit requirements than conventional fixed-rate loans and adjustable rate mortgages (ARMs).
For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750. In 2022, the average FICO® Score☉ in the U.S. reached 714.
If you have an 600 credit score, you are generally considered a subprime consumer, but it won't necessarily prevent you from borrowing money. The average FICO credit score in the United States is 714 as of 2021, and scores within the 580-669 range are considered to be “fair” credit.
Lender | Loan Amounts | APRs |
---|---|---|
Oportun | $300 - $18,500 | 10.07% - 35.95% |
OneMain Financial | $1,500 - $20,000 | 18% - 35.99% |
RISE | $500 - $5,000 | 60% - 299% |
Jora Credit | $500 - $4,000 | 99% - 349% |
Equifax provide credit scores out of 1000, and define a good credit score as anything that's 531 or above. You can see all their classifications in the table below.
Average FICO 8 Score by Generation | ||
---|---|---|
Generation | 2022 | 2023 |
Generation Z (ages 18-26) | 679 - Good | 680 - Good |
Millennials (27-42) | 687 - Good | 690 - Good |
Generation X (43-58) | 707 - Good | 709 - Good |
While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.
Can I get a loan with a 617 credit score?
Can I get a personal loan with an 617 credit score? You aren't likely to get a lender's best rates on a personal loan without a good credit score, but a FICO score of 617 should allow you to qualify for one.
A good credit score doesn't guarantee your application will be accepted. It's commonly believed that a credit score over 700 will get you approved for credit. While it may be true that a higher score typically raises your chances of scoring a new loan or credit card with a lower interest rate, approval isn't guaranteed ...
References
- https://www.creditrepair.com/blog/credit-score/why-you-might-be-denied-credit/
- https://www.cnbc.com/select/personal-loan-lenders-credit-score-below-670/
- https://wallethub.com/credit-score-range/613-credit-score
- https://www.experian.com/blogs/ask-experian/credit-education/score-basics/what-is-a-good-credit-score/
- https://www.usbank.com/home-loans/mortgage/first-time-home-buyers/credit-score-for-mortgage.html
- https://www.investopedia.com/average-credit-scores-by-age-5214511
- https://www.upstart.com/credit-score/600-credit-score
- https://wallethub.com/answers/cc/best-credit-card-for-630-credit-score-1000373-2140845992/
- https://www.upstart.com/credit-score/617-credit-score
- https://www.nerdwallet.com/best/credit-cards/600-credit-score
- https://www.chase.com/personal/credit-cards/education/credit-score/900-credit-score
- https://www.nerdwallet.com/article/finance/630-credit-score-good-or-bad
- https://www.investopedia.com/how-to-improve-your-credit-score-4590097
- https://www.koho.ca/credit-building/613-credit-score-good-or-bad/
- https://www.bankrate.com/finance/credit-cards/credit-cards-for-600-credit-score/
- https://money.usnews.com/credit-cards/articles/what-credit-score-do-i-need-to-get-a-credit-card
- https://wallethub.com/answers/cc/credit-card-for-650-credit-score-1000373-2140678799/
- https://www.totallymoney.com/free-credit-report/credit-score-range/
- https://www.experian.com/blogs/ask-experian/credit-education/score-basics/613-credit-score/
- https://wallethub.com/answers/cc/can-i-get-an-american-express-credit-card-with-a-600-credit-score-2140777131/
- https://wallethub.com/answers/pl/how-much-can-i-borrow-with-a-650-credit-score-1000508-2140806921/
- https://www.experian.com/blogs/ask-experian/credit-education/improving-credit/improve-credit-score/