How To Get Credit Cards By Credit Score

Every credit card user and many of the non-users are familiar with the term ‘credit score’ and its importance in the process of getting a credit card issued. But very few people know the exact relation between the two and how to get credit cards by credit score approval.

A quick overview of credit score

I am tempted to give a quick overview of credit score even though you are familiar with the term, because I am sure that not everyone knows everything about it.

There are many theoretical expressions of credit score but I prefer explaining it in simple terms. Your credit score is nothing but a summary of your credit worthiness (and a summary of your history) expressed in numbers. So it obviously means that a higher number on your credit score equals higher credit worthiness and better chances at getting credit cards by credit score ratings.

How to know if your credit score is good, average, or bad?

More than knowing about the theoretical definition of credit score, everyone should be fully aware of the real value of their credit score. By value I do not mean the numerical value. Instead, I am hinting at the value of the credit score in getting credit cards by credit score evaluation.

There are some approximate ranges which can demarcate the good, bad, and the ugly credit scores. For example, credit scores between 0 and 500 are the worst of the lot because they have very poor credit worthiness and would perform the worst in any competition to obtain credit cards by credit score.

Credit scores between 501 and 650 can be demarcated as average performers and if your credit score falls in this average range, your application for a new credit card can be expected to face a lot more denials when compared to others with a better credit score.

Majority of the people who successfully obtain credit cards by credit score have credit scores above 700. If your credit score is higher than 650 then you can breathe easy, because even though you may not fare well when competing against credit scores of 700+, yet you have a lot of credit card options that are available for this range.

Credit scorers of 780+ are the true super stars when it comes to classifying consumers who are trying to get credit cards by credit score. These folks have nothing to worry about getting approval. Moreover, they also are considered as the blue eyed boys (and girls) by credit card companies when they are offering special and privileged offers and rewards; not to mention low APR rates as well.

If you know your credit score then it is easy for you to know where you stand in the rat race of credit cards by credit score. Another benefit of knowing your credit score is that you can apply for credit cards that are available for your specific credit score range. Applying to a card that has eligibility credit scores matching yours is a guaranteed way of getting approval.