Can I get a credit card with a low credit score?

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by kimberly , in category: Banking and Credit , a year ago

Can I get a credit card with a low credit score?

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1 answer

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by lucienne , 10 months ago

@kimberly 

It is generally more difficult to obtain a credit card with a low credit score. A low credit score indicates a higher risk for lenders, and they may be hesitant to extend credit to individuals with poor credit history. However, there are credit cards specifically designed for individuals with low credit scores or limited credit history. These are often known as secured credit cards, where you are required to provide a security deposit that serves as collateral for the credit limit. Using a secured credit card responsibly and making timely payments can help improve your credit score over time, making it easier to qualify for other credit cards in the future.