5 Great Tips for Guaranteed Approval Credit Card Applicants

5 Great Tips for Guaranteed Approval Credit Card Applicants

Today, let’s discuss tips you can use to improve your chances of qualifying for a guaranteed approval credit card.

Check out your credit standing first.

Contact the three credit bureaus and request for the latest copies of your annual credit report. This way, you will know what exactly your current score is and you can assess how likely your credit card application will be approved. At the same time, this will afford you the opportunity to check out if there are errors in your credit report.

Always remember that a single error in your credit and payment transactions could inflict severe damage to your credit history. In fact, it can drive away prospective card issuers and ruin your chances of qualifying for an affordable card account.

So see to it that your annual credit report is spotless. And in case you encounter incorrect, misleading or outdated items, immediately dispute them with the credit reporting agency that released the erroneous document. Then wait for the firm to complete its investigation. In time you will receive an updated report you can use in taking out the line of credit you wish to use.

Determine where you can apply for instant approval credit cards.

Request for referrals from your close friends and relatives, especially from those who have just applied for a credit card with guaranteed approval. You can also use the internet to locate online lenders that can give you what you want. Just make sure that you will strike credit deals only with ďŹ rms that are accredited by the federal or state government. By doing so, you can safeguard yourself as well as your ďŹ nancial information from scam artists and fraudsters who may wish to use them for illegal activities.

Inquire about the application requirements.

Drop by nearby banks and credit card companies and inquire about their credit card application requirements. Take note of all the forms you need to ďŹ ll out, the personal and ďŹ nancial documents you need to submit and the fees or charges you have to pay to your chosen issuer. This way, you can prepare the funds and paper works before you submit an application, either in person or through an online portal.

Don’t submit multiple credit card applications.

Did you know that your credit score drops each time your annual credit report gets pulled out in response to a request either for funds or for credit cards? This means that if you wish to maintain a high credit score you need to limit the applications you submit to your target lenders and card issuers. In fact, we suggest that you submit just one request to the ďŹ rm that offers the best loan package or the most affordable credit card deal.

Read and understand the stipulations of your guaranteed approval credit card, before signing your contract.

Make sure that you understand and that you’re amenable to all the stipulations of your credit agreement before afďŹ xing your signature on the document. After all, you can no longer opt out of your credit agreement once you have signed your contract.