What is considered a good credit score?

In Canada, a good credit score ranges from 660-724. Credit scores above this are very good or excellent, while scores below this are fair or poor. If you have a good score, you can apply for most credit cards and loan products (approval depends on various factors).

What credit score is needed for a line of credit?

You can apply for a line of credit with a decent chance of approval if your credit score is very good (725-759) or higher.

What is the minimum credit score for an AMEX credit card in Canada?

The minimum credit score you need to apply for most AMEX credit cards in Canada is around 700. However, a variety of factors are considered on your application, including your income, current debt load and debt repayment history.

Why was my credit card application denied when I have a good credit score?

Your credit score is just one of many factors credit card companies use to assess your eligibility for a card. So, your application could be denied if you don't meet criteria, like: Minimum age Minimum income requirements Proof of stable employment Citizenship or residency status

How do I get a credit card if my credit score is too low?

The most important way to rebuild your credit is to make all of your payments on time. Even one missed payment can damage your credit score. Consider credit builder credit cards as an option.

Can I get a credit card if I don't have any credit history?

Getting a credit card is tough—but not impossible—when you're a newcomer to Canada or too young to have credit in your name . Getting a secured credit card is one way to build up credit history and qualify for a card with perks and competitive rates. If you have other forms of debt, make payments on time to boost your score.