Secured credit card: You can typically get a secured credit card even if you have a credit score of 450 or lower. You usually need to provide collateral in the form of a security deposit. If you don't make payments, your security deposit will be forfeited.
If you have at least fair credit, or a FICO score between 580 to 669, you'll likely have more unsecured credit card offers available to you. If you have bad credit, however, your options might be limited. Still, a handful of unsecured credit cards for bad credit are available.
As a result, a 450 credit score will make it difficult to qualify for a loan or unsecured credit card, and you will need to focus on rebuilding your credit before trying to get a mortgage, car loan, etc.
Though lenders will each have their own qualification requirements when it comes to credit scores, you could get approved for a line of credit if you have a score of 660. However, your chances of approval (and getting better interest rates) increase if your score is closer to 713 and above.
The Discover it® Secured Credit Card is our top pick for easiest credit card to get approved for due to its $0 annual fee, robust rewards and the ability to upgrade to a traditional card.
Very limited options. The majority of lenders will refuse your credit application if you have a 450 credit score. Even if you get approved, it will only be by specialised lenders who offer so-called “bad credit loans” with extremely high interest rates and short repayment periods.
With an 450 credit score, you're unlikely to get approved for a traditional credit card.
An unsecured credit card may require a higher income level and credit score than a secured card. The exact requirements can vary by credit card issuer, but if you get turned down for an unsecured card, you can apply for a secured card and work on building or rebuilding credit until you qualify for an unsecured card.
Most credit cards are unsecured. The card issuer (typically a bank or credit union) does limit the amount you can spend with the card, but unlike secured cards, there is no deposit required beforehand.
The OpenSky® Plus Secured Visa® Credit Card is the easiest credit card to get, even with bad credit, as there's no credit check for new applicants. The OpenSky Plus Card also has a $0 annual fee and reports to the major credit bureaus, making it easy to save money and build credit.
It may be possible to get a credit card – but your chances of approval are low. This is because an Experian Credit Score of 560 or below is considered very poor. Also, remember that every credit application you make will temporarily reduce your score.
But, just how accurate are Credit Karma scores? They may differ by 20 to 25 points, and in some cases even more. When Credit Karma users see their credit score details, they are viewing a VantageScore, not the FICO score that the majority of lenders use.
Even a single missed payment could drop you out of the exceptional score range, along with other scenarios: If you apply for a new credit card and generate a hard credit inquiry, your credit score might drop by a few points.
The best credit card for a 450 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.
It's never too late to start working toward a better FICO® Score, and your 450 FICO® Score is as good a starting point as any. Bringing your score up into the fair range (580-669) could help you gain access to more credit options, lower interest rates, and reduced fees.
If you're looking for the easiest credit card to get with bad credit, your best bet is the AvantCard Credit Card. It's designed for consumers with limited / poor / fair credit who want access to tools that will help them improve their credit score and take charge of their finances.
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