| State ALL of your income |
The higher your stated income, the higher your chance of getting the credit card you desire. Remember
to include bonuses, dividends, IRA earnings, spousal support. Total anything that adds to your income
beyond a paycheck. |
| Request a low limit |
The lower the limit, the higher the approval rate. After you apply for a credit card and use it for a month or
so, simply call the issuer and ask for a credit limit increase. The vast majority of the time they will
immediately grant an increase over the phone. |
| Compare Offers |
Shop around before you apply for a credit card. A percentage point difference in a balance transfer rate, or longer
0 APR introductory period can save hundreds of dollars. Our best credit cards chart
displays our staff picks of credit cards by category. |
Ignore
Pre-Approved
Offers |
Don't believe that a mailing you received stamped "You're Pre-Approved" means you are guaranteed to receive a card.
Only after you actually apply for a credit card will the issuer check all of your credit references and run your credit report.
But it does mean that at least one lender believes your credit is good enough for a new card. This means that most other issuers will hold the same opinion and may have a card better suited to your needs. |
| It's Your Lifestyle |
Your benefits from a specialized credit card, as most are today, varies by how you as an individual use credit. If you always pay off your balance, a new card with a low balance transfer or interest rate won't generate much savings, but a higher reward could provide a substantial bonus. |
| Examine the specialty cards |
Save 11 cents per gallon. Thousands off a new car (after you make your best deal). Instant Flyer Miles.
$50 gift cards. A lot of incentives are there to apply for a credit card today. |
| Don't Wait |
Take advantage of some of the fantastic offers available right now. If you find yourself in a credit crunch down
the road, you will be less likely to be approved for the better offers. And they may be discontinued
at any time. |
