What credit card can I get with score of 554?
The best type of credit card for a 554 credit score is a secured credit card. Secured cards give people with bad credit high approval odds and have low fees because cardholders are required to place a refundable security deposit.
| Card Name | Best For | Annual Fee |
|---|---|---|
| OpenSky® Plus Secured Visa® Credit Card | No Annual Fee | $0 |
| Credit One Bank® Platinum Visa® for Rebuilding Credit | Unsecured | $75 intro 1st yr, $99 after |
| Capital One Quicksilver Secured Cash Rewards Credit Card (see Rates & Fees) | After Bankruptcy | $0 |
The Amazon Prime Secured Card* is best for anyone trying to build or rebuild credit. It comes with no annual fee to make it easy on your budget. Because this is a secured credit card, it requires a security deposit after approval. Your deposit of $100 to $1,000, in increments of $50, determines your credit limit.
It is 145 points away from being a “good” credit score, which many people use as a benchmark, and 85 points from being “fair.” A 555 credit score won't knock any lenders' socks off, but it shouldn't completely prevent you from being approved for a credit card or loan, either.
You can get a Discover credit card with any credit score or even no credit history at all. Discover has credit card options to fit every consumer. If you have bad credit or no credit history, you could get a secured card with Discover.
- OpenSky® Plus Secured Visa® Credit Card: Best for No credit check and no bank account required.
- Chime Secured Credit Builder Visa® Credit Card: Best for No credit check + flexibility and guardrails.
- Mission Lane Visa® Credit Card: Best for Unsecured card for bad credit.
Some of the easiest unsecured cards to get approved for are the Indigo® Mastercard®, Mission Lane Visa® Credit Card and Milestone® Mastercard®. While these cards are geared toward people with bad credit and have easy approval odds, they tend to charge high fees and interest, which can make building credit costly.
According to Amazon, you're more likely to be approved for an Amazon credit card if your credit score is above 640. Amazon provides credit score ranges, which it has based on scores that have been commonly used.
Typically, you can qualify for Synchrony's Amazon store cards with a fair credit score (580 to 669). On the other hand, you'll likely need at least a good credit score (670 to 739) to qualify for one of the Amazon Visa cards from Chase.
A credit score of 700 or better is typically needed for a card that offers a $5,000 credit limit. This means that these cards usually require you to have good or excellent credit. You will normally need a high income and little to no existing debt to get a limit that high, too.
Is there a credit card that approves everyone?
First Progress Platinum Elite Secured Mastercard: The First Progress Platinum Elite Secured Mastercard requires no credit history or minimum credit score for approval. Your security deposit is refundable, and the card is accepted nationwide.
Most Chase credit cards are intended for consumers with good to excellent credit scores (FICO® Score of 670 or higher). A score above 700 is even better and gives you a strong chance at approval.
With a 654 credit score, you might be able to get a traditional credit card. While most credit card issuers don't publish minimum credit scoring standards, some will approve applicants in the fair credit range.
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).
In most cases, you need at least good credit to get approved for an American Express card, which FICO typically defines as a score of 670 or higher. Other banks also issue American Express cards.
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.
Consider a secured credit card
A secured credit card requires that cardholders put down a deposit, which acts as collateral if they're ever unable to make payments. The Discover it® Secured Credit Card is one such option, requiring a security deposit of $200.
- Top credit cards you can use instantly after approval.
- Chase Sapphire Preferred® Card.
- Blue Cash Preferred® Card from American Express.
- Citi Custom Cash® Card.
- Capital One Venture Rewards Credit Card.
- U.S. Bank Cash+® Visa Signature® Card.
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.
| Card name | Annual fees | Credit score needed |
|---|---|---|
| Destiny Mastercard® | annual_fees | credit_score_needed |
| Tomo Credit Card | $2.99 per month | No credit, Poor |
| Credit One Platinum Visa | $75 for the first year. After that, $99 annually (billed as $8.25 monthly) | Bad Credit |
How to get a credit card with a credit score of 540?
Applying for a secured credit card might be your best bet if your credit still needs some work. With a secured card, you'll pay a security deposit upfront. This security deposit typically sets your credit limit. So if your security deposit is, say, $300, your credit limit may also be set at $300.
The easiest credit card to get with bad credit (a credit score of 300-639) is a secured credit card with no credit check such as the OpenSky® Secured Visa® Credit Card or the OpenSky® Plus Secured Visa® Credit Card. This type of card requires a deposit but doesn't check your credit history, making it very easy to get.
If you are applying for the Amazon Store card, you will need a score above 640. For the Amazon Rewards Visa Signature Card® and the Amazon Prime Rewards Visa Signature Card®, you'll need a good FICO credit score (670-739).
The Amazon Store Credit Card and the Amazon Secured Credit Card are much easier to get. You can get the store card with fair credit (a 640+ score), and even people with bad credit can get the secured card.
You need a credit score of 640 or higher to get a Walmart credit card. This means you are eligible if you have fair credit or better, but factors such as your income, existing debt load, recent credit inquiries, employment status, and housing status will also impact your chances.
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