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1. www.nerdwallet.com › ca › credit-cardsWhat Credit Score Do You Need to Get a Credit Card? - NerdWallet

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   May 15, 2024 · Edited By. Erica Corbin. Generally speaking, Canadian credit card companies prefer a credit score of 660 or above, but exact scores vary by card type and applicant; plus, issuers rarely make ...

   • Email: CAN-legal@nerdwallet.com

2. www.finder.com › ca › credit-cardsWhat Credit Score Is Needed for a Credit Card? | Finder Canada

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   4 days ago · A “good” credit score is considered to be 660+. Scores ranging from 725 to 759 are considered “very good,” while “excellent” scores are 760 and above. If you have a good credit score, you can qualify for most credit cards. In Canada, the average credit score is around 650-750. Most borrowers in Canada have a good credit score ...

3. www.scotiabank.com › ca › enWhat credit score do you need for a credit card? | Posts

   www.scotiabank.com › ca › en

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   Credit scores in Canada fall into five categories and range from 300 (poor) to 900 (excellent). 3 Generally, in Canada, a credit score of 660 is considered good, and could help you get approved for a credit card. However, that may differ by credit card issuer and by the card you are applying for. Something to keep in mind though, is that having ...

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4. money.ca › managing-money › credit-scoreThe ultimate guide to credit scores in Canada - GreedyRates

   money.ca › managing-money › credit-score

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   Jun 29, 2023 · Similarly, a foreclosure means a credit score falls 140-160 points if your original credit score was 780, but falls only 85-105 if your original credit score was 680. More recent payment history ...

5. www.canada.ca › en › financial-consumer-agencyImproving your credit score - Canada.ca

   www.canada.ca › en › financial-consumer-agency

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   Borrowing more than the authorized limit on a credit card may lower your credit score. Try to use less than 30% of your available credit. It’s better to have a higher credit limit and use less of it each month. For example, suppose you have a credit card with a $5,000 limit and an average borrowing amount of $1,000.

6. creditcardgenius.ca › blog › credit-score-canadaCredit Score In Canada: What These 3 Digits Say About You

   creditcardgenius.ca › blog › credit-score-canada

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   May 24, 2024 · Key Takeaways. Your credit score is a 3-digit rating of your financial trustworthiness on a scale of 300 – 900. A good credit score in Canada (660+) helps you qualify for better credit products, higher amounts of credit, and lower interest rates. Credit bureaus use 5 factors to calculate your credit score: payment history, credit utilization ...

7. People also ask

   What is a good credit score?

   • The short answer: A good credit score is the one that gets you whatever loan or credit card you need. However, there are general ranges interpreted by Equifax and TransUnion. Equifax says that a score between 660 to 724 is considered good, 725 to 759 is very good and 760 and up is considered excellent.

   What Credit Score Is Needed For A Credit Card? - Forbes

   www.forbes.com/advisor/ca/credit-score/what-credit-score-is-needed-for-a-credit-card/

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   Are good credit scores a good idea?

   • Those with good credit scores are typically rewarded with low interest rates on loans, and are likely to qualify for most of the upper-tier cashback and rewards cards available, with perhaps the exception of some premium cards, which may require scores in the excellent strata.

   The Ultimate Guide to Credit Scores in Canada | Money.ca

   money.ca/managing-money/credit-score/the-ultimate-guide-to-credit-scores-in-canada

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   What credit score do I need to get a credit card?

   • We'll walk you through the ins and outs of credit scores and credit cards to help you understand what you'll need to qualify. There's no universal minimum credit score requirement needed to get a credit card that applies to all credit card issuers. However, you’d probably want to have a credit score above 660 to apply for a credit card.

   What credit score do you need for a credit card? | Posts

   www.scotiabank.com/ca/en/personal/advice-plus/features/posts.what-credit-score-do-you-need-for-a-credit-card.html

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   Can you get a credit card if you have a good credit score?

   • If you have a good credit score, you can qualify for most credit cards. In Canada, the average credit score is around 650-750. Most borrowers in Canada have a good credit score between 660-724. A 2023 FICO report reveals that Canadians on average have a credit score of 762, a figure that has remained unchanged since 2022.

   What Credit Score Is Needed for a Credit Card? | Finder Canada

   www.finder.com/ca/credit-cards/minimum-credit-score-credit-card-approval

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8. www.forbes.com › advisor › caWhat Credit Score Is Needed For A Credit Card? – Forbes ...

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   Feb 22, 2023 · Equifax says that a score between 660 to 724 is considered good, 725 to 759 is very good and 760 and up is considered excellent. TransUnion Canada doesn’t provide a specific breakdown, but 650 ...