How to Tell Which Credit Cards You Could Apply for

iQuanti: Learning more about the credit card application process can prevent unfortunate errors and unnecessary higher interest rates. It can also be an exciting process that helps you plan a flexible and efficient financial strategy. 
But not every credit card is right for you. Here are some steps you can take to apply for a credit card that’s a good fit for your needs and lifestyle.
Find out your credit score 
One of the most important factors in deciding your eligibility for credit cards is your credit score. Your credit score factors in all your current debts, as well as your history and success in paying those debts. A higher or lower credit score will also determine whether an issuer will approve you for a card. You can check your credit score online, through your bank, or through credit bureaus such as Experian, Equifax and TransUnion. 
Find the right credit card for your needs 
Each credit card offers a variety of different benefits and plans that make some more suited for your financial situation. Here are some types of cards that might fit your needs: 
Rewards credit cards 
Rewards credit cards like cashback and travel cards can be wonderful choices for someone who may spend more on everyday expenses. A cashback or rewards system can go a long way in making your everyday budgets more efficient and affordable. 
Many of these credit cards will charge a minimum annual fee. As long as you can manage that payment, these cards can offer lots of potential spending value. 
0% APR or balance transfer cards 
Credit cards with 0% introductory APR and balance transfer cards can be great options if you want to avoid high interest charges temporarily and save money. Just keep in mind that many of these credit cards will have higher interest rates after a certain period, so make sure these rates are manageable for your budget. 
Student or secured cards
Student and secured credit cards often have no annual fee and can be offered to applicants that have lower credit scores or are new to credit. They often come with decent introductory APRs and often allow you to upgrade to a better credit card when you have made successful payments. 
These cards may require a security deposit during your application, but this deposit will be paid back to you when you either upgrade or close out your card in good standing. 
Find out if credit card issuers can preapprove you 
Depending on your credit score, you may already have been preapproved by some card issuers. Check your mail or email to see if any of these companies have contacted you. Examine their offers and make sure they line up with your budget and long-term financial plans.  
It’s also possible to check with your local bank or credit union’s branch to see if you’re preapproved for any of their cards. After you’ve figured out what companies have preapproved you, you can check each of their offers to find the best one for you. 
Apply for a credit card 
After obtaining the right information, apply for a credit card and enjoy all the flexibility and freedom that comes with it! By choosing the right card for your credit score and history, you’ll be set to improve your credit, earn rewards, or get a hold on your debt in a way that works with your needs. 
Source: iQuanti, Inc.