Credit Cards Center Credit cards from our partners
Reply
Regular Contributor
Posts: 232
Registered: ‎02-07-2011
0

Toy Cards

Hoping to get everyone's opinion on something. When you hear or read references to "toy cards", what credit limits do you generally associate with the phrase?

 


With FICO, time heals all wounds.

Take the FICO Fitness Challenge

New Contributor
Posts: 57
Registered: ‎03-26-2010
0

Re: Toy Cards

My personal definition is not necessarily the standard but anything under 1k.   This may differ greatly from the widely accepted opinion on toy limits.


Starting Score: 610
Current Score: 676
TU: 678
Goal Score: 740


Take the FICO Fitness Challenge

Frequent Contributor
Posts: 423
Registered: ‎10-25-2010
0

Re: Toy Cards

For me, it's just a CL that's not usable. For instance, a $200 Cl for a store card that sells electronics. Kind of pointless.


Starting Score: 600s
Current Score: EQ 08 798 on 5/28/14, TU 792 on 5/27/4 via Barclay, EX 798 on 5/28/14
Goal Score: 760


Take the FICO Fitness Challenge

.
Valued Contributor
Posts: 1,180
Registered: ‎05-17-2010
0

Re: Toy Cards

Anything $500 or less.  

FICO Scores Updated 07/15 EQ08 748 EX08 748 TU08 818
Established Contributor
Posts: 526
Registered: ‎04-21-2010
0

Re: Toy Cards

I would have to say anything under around 750 to 500 would be considered "toy" to me.

Regular Contributor
Posts: 232
Registered: ‎02-07-2011
0

Re: Toy Cards

Thanks for all the responses.  It's interesting to see the diversity in ranges.  It definitely looks like under $1,000 catches the full range.  I guess it would all be relative to your current needs.


With FICO, time heals all wounds.

Take the FICO Fitness Challenge

Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: Toy Cards

$300 or less

Highlighted
Senior Contributor
Posts: 4,694
Registered: ‎02-23-2011
0

Re: Toy Cards

In my view, it's probably anything under $500. From a practical standpoint, I think a person needs at least $750 - $1,000 before the full advantages of using a credit card over cash is realized. For instance, the last thing you want on your mind is whether or not your card will be declined when you offer to pay for dinner.
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.