How do I find the best Credit Cards Based on my Credit Score? Building a credit card is wholly dependent on how promptly you can keep up with the payment of your credit card bills. If you had a bad credit situation such as defaulting on your mortgage payment. This will leave you without any credit cards. However, opening a new credit card that will help you rebuild your credit score.
Best Credit Cards Checks For Beginners
Because your credit card score is very sensitive to credit report inquiries, you should avoid applying for a card at random. Especially within a short period of time. It will make it harder for you to get approved for a credit card, you need some type of a plan. For beginners, if you can check the Credit cards that most likely to approve your credit score. You’ll have to ensure that you only apply for fewer credit cards, this may increase your likelihood of getting approved.
Two Tools that Check Your Credit Score to the Best Credit Card options.
One of the tools that match your credit card to the best Credit Cards options are;
Financials Globes Score Match
It gives you a list of credit cards based on your credit score. The website also indicates the approval rate of the credit card. It also gives you a better knowledge of your application approval.
Credit Karma or Credit Sesame
You can sign up for credit karma or Credit Sesame to get your credit score. The two financial bureaus are free credit scoring services that don’t require a credit card or a trial subscription to gain access to your credit score.
Check to see if You’re pre-qualified Based on Your Credit Score
Additionally, a few credit card issuers give you the opportunity to enter your personal information to run a pre-qualified to enable you to ascertain your credit card approval based on your credit score. Some issuers are as listed below:
Hence, the credit card issuers will do a soft pull on your credit report to check out if you are qualified for any of their cards. If there’s no match, definitely you will be denied if you choose to apply.
You May Still be Denied Based on Your Credit Score
Although, there is no strong guarantee that you will be approved even if your credit card score matches the issuer’s criteria’s. Once your application is submitted, the card issuers will do a thorough check or review of your credit history. Especially, the account with income to enable their decision. If you don’t meet the qualifications eventually and you’re denied, you will receive a letter in the mail, within a few days with reasons for your application denial.
Best Credit Cards Other Options in case of Denial
There are other likely options available in case you are denied. If in case there are no matches for you because of your credit Score, you can consider a Secured Credit Card. All that a Secured credit card requires is for you to make a payment of deposit to secure your credit limit. After several months of being responsible with the card, you can convert your secured card to an unsecured credit card or your new credit status may be a good point to help you qualify for another unsecured credit card.