Oportun Credit Card: Increase Your Approval Odds (+ Get Better Rates)

Last Updated: Mar 22, 2023

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We generally only recommend Oportun Credit Card if you have at least a 630 credit score (otherwise known as a "fair" credit score). The reason being you can get a relatively high APR if you have a low credit score, plus it will be much harder to get approved.

Is Oportun Credit Card a good credit card for me?

Every situation is different, so it's hard to give a blanket recommendation on whether or not Oportun Credit Card is the right card for you.

However, they are known to be relatively generous with their reward points & other perks, so it may be worth it. Keep in mind you may have to acquire a minimum amount of points before you are able to redeem them.

Is Oportun Credit Card worth it?

There are 100s of different credit card options that are best suited to a wide range of situations. Which makes it hard for us to honestly answer whether or not Oportun Credit Card is worth it for you.

We recommend considering the following when looking into getting any credit card (as a starting point at least):

  • Are you a responsible spender? You can quickly get yourself into too much debt if you're not responsible with your credit card
  • Are there are signup bonuses available with this card?
  • What annual fees does it have?
  • Are there penalty APRs?
  • Does it have an interest free period, and if so, how long is it?
  • How does it's APR compare to other cards?
  • How does the rewards/points system work?

What are the approval odds for Oportun Credit Card?

The approval odds are going to be heavily dependant on your credit score, income & expenses.

If you have a credit score of 750+, you can basically get approved for most credit cards, including the Oportun Credit Card. But if you have a "poor" credit score, it's going to be a lot more difficult.

What credit score do I need for Oportun Credit Card?

A general rule of thumb is if you have a "good" credit score (670-739) or above, then you're approval odds are relatively high.

Anything below that and the odds go down, you may be able to get approved with a "fair" credit score, but if you have a "poor" score, then it is extremely unlikely you'll be approved (unless the card is secured).

Improve your credit score BEFORE applying for Oportun Credit Card

If your credit score is preventing you from qualifying for Oportun Credit Card, we recommend you call one of our friendly credit experts for a free consultation. We'll review your credit report with you (in real-time), and see if there is anything we can do to help your score.

Once we've improved your score for you, you'll be in a much better place to apply & get approval for Oportun Credit Card. Not to mention all the other benefits that come with a great credit score!

Tips for Maximizing the Benefits of Your Opportun Credit Card

If you are a proud Opportun credit cardholder, you may be wondering how to make the most out of it. Here are some tips that will help you maximize the benefits of your card:

To start, don't forget to take advantage of the rewards program. Every time you use your credit card, you accumulate points that can be redeemed for statement credits, travel, or merchandise. Make sure you're familiar with the rewards program's ins and outs so you can leverage it to its full extent.

Another helpful piece of advice is to pay your balance in full each month. By doing so, you'll avoid interest charges and fees, which can erode the value of your rewards over time. Additionally, repaying your balance in full regularly on-time is an excellent move towards establishing a great credit score.

Finally, keep a lookout for exclusive promotions or offers from Opportun, which could contain extra rewards points or discounts on specific purchases. These perks can accumulate and result in giant benefits later on.

The Benefits of Maintaining a Good Credit Score

In the first place, a good credit score can help you get approved for loans or credit cards quickly. Lenders and credit companies rely on your credit score as a metric of your financial responsibility; hence a good score increases your chances of being approved and getting favorable terms.

Furthermore, a superb credit score can save you money in the long run. With an outstanding score, you could take advantage of lower interest rates on loans and credit cards. These reduced interest rates can make significant savings over time, translating into lots of extra money in your pocket. Also, an excellent score can help you avoid security deposits on accounts such as utility services or rental properties, keeping more funds in your pocket.

Overall, maintaining a good credit score is a wise move as it opens up many doors by providing the financial confidence to make moves that could lead to financial growth.

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