What actual FICO scores correlate with "good", "fair" & "bad" credit (referring to the cards...

A good credit rating implies a FICO score range from 660 to 749. A person has a good credit rating if he/she complies with the following: a payment history should be no less than 5 years; the total credit limit should be no less that $10,000; there are no late payments and bankruptcy record in the credit report. An applicant meeting all these requirements would qualify for such a great credit card as Blue from American Express, a no annual fee, lowest APR card with point rewards.

620-659 stands for fair, or limited, credit. Usually, it indicates an early middle stage in a credit building process and implies the absence of any recently made late payments in the applicant's name. A good variant for fair credit history would be Capital One Standard Platinum card which offers competitive rates and fees, as well as exclusive saving opportunities.

If the FICO score ranges between 350 and 619, it means a person has bad credit, which always indicates to bad payment habits, non-payments and constant overspending. Such records only allow qualifying for bad credit offers, such as those from First PREMIER Bank. Its Centennial Gold MasterCard®/Visa is designed to help rebuild or reestablish bad credit on rather favorable terms.

If you are shopping for a credit card, consider the offers we suggest as they are best deals for each of the credit rating categories.