How to Apply for a Credit Card

Sourced from https://www.thesimpledollar.com/how-to-apply-for-a-credit-card/

Credit cards are one of the most common ways to finance debt and construct a stable financial foundation. Prudent card use can lead to big benefits for individuals, especially if they’re trying to establish or rebuild credit profiles. Applying for a credit card, for example, is a solid first step toward getting a low-interest auto loan or mortgage.

Whether you’re just starting out, looking to repair damaged credit or wanting to get a travel rewards card, it helps to know exactly where to go and what to do in preparation. Here are five steps you’ll need to know when applying for a credit card.

1. Understand your credit score

The type of card you qualify for heavily depends on your credit score. If you’re researching options and become attracted to cards that have huge welcome bonuses or pay for checked bags on a flight, those types of cards may be beyond your grasp as a first-time applicant. Premium credit cards tend to require excellent credit, and knowing whe… Read More

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