Tips on how to get a credit card approved

How about getting to know the best ones? tips on how to get a credit card approved? You're in the right place, especially if you're looking to start using the credit option for your purchases. Follow the instructions to learn more how to get credit card approved!

How to get a credit card approved?

To have your card approved, you need to have a good score, not have restrictions in your name and other important points. 

It is common for many people to release a card, but do not receive approval at that time. Therefore, it is essential to consider all the tips to be successful in the process. Want to know what the tips are? Below, you can check out all the important details!

1. Have a high credit score

First of all, before applying for a credit card, it is important to know what your credit score is. This is because the score is one of the main factors that banks consider when evaluating your application and also other financial transactions.

So, if your score is low, the recommendation is to wait a little and work to improve it before applying for a new card, relaxing other purchases.

2. Avoid applying for multiple cards in a short period of time

Making multiple credit applications in a short period of time can be seen as a sign of risk by banks. 

Each time you apply for a credit card, an inquiry is recorded on your credit report, which can temporarily lower your score. So be careful when considering applying for more than one card within a short period of time of your previous application.

3. Choose the right card 

There are different types of credit cards, from beginners with no annual fees to premium cards. 

So, if you have a limited credit history or low score, it's best to start with basic or secured cards, which have simpler requirements.

Generally, in digital banks your chances are greater, mainly because many do not check your credit history.

4. Keep your debt ratio low

Credit card issuers assess your repayment ability by comparing your current debts to your income. 

If you already have a lot of debt or your financial commitments consume a large portion of your income, it may be more difficult to get approved. Paying off existing debts can improve your chances.

5. Correct incorrect information in your credit history

Make sure all the information in your credit report is correct. If you find any errors, contact your financial institution or credit reporting company to correct them before you apply for a card.

Remember that it is essential to have all your information correct and up to date, as this could make a difference during the approval process.

6. Establish a steady source of income

Another tip is to have a steady job or a steady source of income. These are some of the main factors that banks take into consideration when approving a credit card. 

This way, you can prove your financial capacity to pay your bills regularly and have a clean name in the credit market. 

7. Consider a payroll credit card

This tip is for those who have difficulty getting approved for a traditional credit card; payroll cards can be a good option. 

This is because they are linked to the payroll or INSS benefit, which guarantees the minimum payment of the invoice.

Criteria for applying for a credit card

Before following all the tips mentioned, it is essential to know the main criteria for applying for your credit card.

Please note that not everyone has the chance to apply and have their card approved right away. First, you need to meet the following criteria to continue with the entire process!

• Be over 18 years old;
• Prove income;
• Have a good score;
• Not having a restricted name (in some cases);
• Have ID and CPF.

Meeting these criteria increases your chances of being approved for a credit card. It is important to evaluate your personal finances and choose the type of card that best suits your profile and needs.

Written by

Juliana Raquel