Determining What Type of Card You Qualify For
Determine your FICO score. Access your FICO score for free with one of the many online credit monitoring sites.Determine what type of credit risk you are. If your FICO score is under 620 you are a high credit risk. A score between 620 and 699 means you are a moderate credit risk. More than 700 means you are a low credit risk.
Determine what type of credit cards you qualify for. If you have a FICO under 620 then you will probably only qualify for credit card programs designed for those with bad or no credit. The higher your FICO score, the better the interest rate credit card companies will offer you.
Finding the Best Rates Using a Comparison Website
Search for websites that compare several credit card programs. One such site is https://www.Bankrate.com. Search for credit card offers that fall under the following categories: standard/classic, gold, platinum/titanium, low rate, reward or rebate, bad or no credit and student.Use your FICO score and credit risk level to determine which credit cards you qualify for.
Enter the search criteria for the type of credit card you are looking for. Compare interest rates and other qualification criteria for each credit card offer.
Click on the credit card offer that you are interested in. Search for more information about the company and their offer. Make sure you read through interest rate disclosures. Understand the company's terms before applying for the card.
