credit card advice
It wasn’t until I finally saw my name printed along the bottom of my first credit card that I realized the process of applying wasn’t as difficult as I once believed. Since that day, I’ve applied and been approved for over 50 credit cards.
Using what I’ve learned from my personal experiences, this guide will walk you through the necessary steps for getting a new credit card in your wallet as quickly and easily as possible. Because your credit rating ultimately determines which cards you’ll be approved for, I’ve also rounded up the best credit cards to apply for based on your current credit score.
4 Steps to Apply Online
Cards for: Excellent Credit | Good Credit | Fair Credit | Bad Credit | No Credit
4 Steps to Apply for a Credit Card Online
While there are a few different ways to apply for a credit card, the credit card companies have made it extremely easy to apply online. Depending on your credit score, you may find that you’ll receive a response sooner when you apply for a credit card online than through other methods such as regular mail or over the phone.
1. Check Your Credit Score
Your FICO credit score provides the credit card companies with a sense of your creditworthiness because it includes several factors related to credit use:
- Payment History makes up 35% of your FICO score
- Amounts Owed accounts for 30%
- Length of Credit History accounts for 15%
- Credit Mix & New Credit both contribute 10% each to your score
FICO scores range from 300 to 850, and your approval for certain cards depends on where your score falls. You’ll want to look into and apply for cards you feel confident you’ll be approved for, and there are many great credit card options for no credit, bad credit (<619), fair credit (620-679), good credit (680-719), and excellent credit (720+).
You can check your score through FICO directly or through one of the credit bureaus, like TransUnion.
2. Gather the Information You’ll Need to Apply
Before you begin to apply for a credit card, you’ll want to make sure you have the information necessary to complete the application. You’ll be asked for some basic information including your name, contact details, and current address, as well as specific financial data such as your income. Further, you’ll need to supply security information including your Social Security number, date of birth, and mother’s maiden name.
If you have a thin credit file, meaning you have little to no credit history, then you may be asked for more information or proof of the information you provided, such as a copy of a government-issued ID or a previous address.
Most credit card applications will require the same personal and financial details, such as income and address.
It’s important to note that the terms “pre-qualified” and “pre-approved” are generally interchangeable and result in a soft credit inquiry, which does not affect your credit score. However, a pre-approval does not guarantee an actual approval for the card of your choice. With that said, if you’ve been prescreened for a card, you are more likely to be approved. In that instance, the issuer looks at available information to make a good estimate of your creditworthiness.
3. Submit Your Application
When you submit your credit card application online, by mail, or over the phone, you’re giving the issuer permission to do a hard pull on your credit, which has the potential to negatively affect your credit score, especially if you’re not approved.
Submitting your application online tends to be the most common and preferred method because you can easily compare multiple offers across issuers to ensure you get the best available rewards and rates. You can use our reviews as a shortcut and click the “Apply Now” button to go to each card’s official application:
- 2016’s Best Overall Cards
- Air Miles
- Cash Back
- 0% Intro APR
- Low Ongoing APR
- For Limited / No Credit
- For Bad Credit
Once you click “Submit,” your application will be sent to the issuer for approval.
4. Wait (Up to 2 Weeks) for a Decision on Your Credit Card Application
Many people with good to excellent credit will find they’re approved immediately after they submit their application online. If you apply by mail or phone, regardless of credit score, you may find it takes a little longer to hear back from the issuer. Applicants with fair to bad credit could end up waiting nearly two weeks for a decision from the credit card company.
If you’re not approved, you should wait about six months before applying again to give yourself time to rebuild your credit. Plus, requesting more credit too quickly could raise an avoidable red flag. Hard inquiries, such as credit card applications, remain on your credit report for two years.
However, if you believe you should have been approved or don’t understand why you were denied, you can reach out to the issuer directly for reconsideration. Each issuer will provide its own reconsideration phone number, and you’ll need to be prepared to answer additional questions as to why they should reconsider you. Also, be sure to call within 30 days or you may have to reapply, resulting in another hard inquiry.
5 Best Credit Cards to Apply for Online
It’s important to only apply for cards you think you can qualify for or risk not being approved, which can knock your score down a few points. By starting the search for you next credit card within your credit qualifications, you can feel more confident submitting your application.
Below are some of the best cards currently available, broken down by the different credit score ranges.
Apply for a Credit Card with “Excellent Credit” (720+)
If you have excellent credit, then you’ve likely paid your bill on time without overextending your credit allowance, and if you continue those practices, a new card can be a responsible way to earn additional rewards. Check out this top pick for applicants with excellent credit:
- Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
- Earn unlimited 1% cash back on all other purchases – automatically.
- INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
- Redeem cash back any amount, any time. Rewards never expire.
- Use your rewards at Amazon.com checkout.
- Receive FREE Social Security number alerts—Discover will monitor thousands of risky websites when you sign up.
Intro (Purchases) | Intro (Transfers) | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
0% for 14 months | 0% for 14 months | 13.74% - 24.74% Variable | $0 | Good/Excellent |
+ See more cards for excellent credit
Apply for a Credit Card with “Good Credit” (680 – 719)
While factors such as your credit utilization ratio and payment history can keep you out of the excellent credit range, you can still qualify for cards with excellent benefits, including cash back, rewards points, and no annual fee. Below is a popular credit card for those with good credit:
- Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
- Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
- Enjoy new 5% categories each quarter
- Unlimited 1% cash back on all other purchases - it's automatic
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
- Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
Intro (Purchases) | Intro (Transfers) | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
0% Intro APR on Purchases for 15 months | 0% Intro APR on Balance Transfers for 15 months | 16.74% - 25.49% Variable | $0 | Excellent/Good |
+ See more cards for good credit
Apply for a Credit Card with “Fair Credit” (620 – 679)
Sending in a late payment, or missing one altogether, may account for lower scores in the fair range. However, there are cards that, when used responsibly, can help you build your credit score. This top card for fair credit offers benefits attractive to any cardholder, regardless of credit score:
- Pay no annual fee
- Get access to a higher credit line after making your first 5 monthly payments on time
- Fraud coverage if your card is lost or stolen
- Use online banking to access your account, even from your smartphone, with our mobile app
- Pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you
- Get access to your account 24 hours a day, 7 days a week
Intro (Purchases) | Intro (Transfers) | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
N/A | N/A | 24.99% (Variable) | $0 | Average, Fair, Limited |
+ See more cards for fair credit
Apply for a Credit Card with “Bad Credit” (<619)
Bad credit can happen to anyone after a few missed payments or biting off more debt than you can chew, but responsible use of a credit card can actually help to rebuild your credit. There are many credit cards that are more likely to approve applicants with bad credit, and out of the best credit cards for people with bad credit, this is a favorite:
- See if you Pre-Qualify without harming your credit score
- Track your progress with free online access to your Experian credit score, terms apply
- Looking to rebuild credit? We report to the major credit bureaus monthly
- Receive opportunities for credit line increases, a fee may apply
- Make paying your bill easier with the ability to choose your payment due date, terms apply
- Stay in-the-know with customizable account alerts via email and text
Intro (Purchases) | Intro (Transfers) | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
N/A | N/A | 17.49% - 25.49% Variable | $0 - $99 | Bad Credit |
+ See more cards for bad credit
Apply for a Credit Card with “No Credit” (0 Credit Score)
If you’ve never opened a line of credit, it’s hard for issuers to judge whether you’ll be a good credit risk or not. However, you can still be approved for a credit card with no credit history — you may just have to provide additional details about yourself, such as proof of income. Below is one of my favorite cards for applicants with no credit:
- Earn unlimited 1.5% cash back on every purchase, every day
- Earn cash rewards without signing up for rotating categories
- Get access to a higher credit line after making your first 5 monthly payments on time
- Monitor your credit profile with the CreditWise® app, free for everyone
- $0 fraud liability if your card is ever lost or stolen
- No limit to how much cash back you can earn, and cash back doesn't expire for the life of the account
Intro (Purchases) | Intro (Transfers) | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
N/A | N/A | 24.99% (Variable) | $39 | Average, Fair, Limited |
+ See more cards for no credit
Time to Make Room in Your Wallet
It’s easier than ever to research and apply for a credit card online. The most important part of applying for a new credit card is figuring out what you can effectively qualify for based on your credit score, otherwise, you may end up with a hard inquiry on your report with no card to show for it. Use this guide to help you stay organized and on track as you prepare to apply for a credit card. By following the simple steps outlined above, you can soon see your name along the bottom of a new card, too.
Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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