NEW CREDIT CARD: Bank of America Cash Rewards SECURED Card Review – for building / rebuilding credit
Getting a credit card can be a daunting task, especially if you don’t know where to start. Credit cards are incredibly useful tools that can help you build up your credit score and enable you to make purchases online and in-store. But before you can use a credit card, you need to get one in the first place.
Applying for a credit card requires you to meet certain requirements, such as having a good credit score and a steady income. It also involves researching the different types of cards available and comparing them to find the best fit for your needs. Here’s a guide on how to get a credit card.
1. Check Your Credit Score
The first step to getting a credit card is to check your credit score. Your credit score is a number that lenders use to assess your creditworthiness. The higher your credit score, the more likely you are to be approved for a card.
You can check your credit score with one of the three major credit bureaus: Experian, TransUnion and Equifax. You may also be able to get a free credit score report through your bank or credit union.
2. Choose the Right Card
Once you know your credit score, you can start researching the different credit cards available. There are a variety of cards with different benefits, so it’s important to compare them to find the right fit for your needs.
When choosing a card, consider the annual percentage rate (APR). This is the interest rate you’ll be charged on any balance you carry month to month. Look for a card with an APR that is lower than the average.
Also consider any rewards or cashback programs the card offers. These programs can help you save money on everyday purchases.
3. Apply for the Card
Once you’ve chosen the right card for you, you’re ready to apply. Most credit card companies allow you to apply online or over the phone.
You’ll need to provide personal information such as your name, address, date of birth, and Social Security Number. You’ll also need to provide financial information, such as your annual income and the amount of debt you have.
The credit card company will then review your application and let you know if you’ve been approved.
4. Monitor Your Credit
Once you’ve been approved for a credit card, it’s important to monitor your credit. Make sure you’re paying your bills on time and keeping your balance low. This will help you maintain a good credit score and ensure you don’t get into any financial trouble.
You should also keep an eye on any changes to your credit score. If you notice any irregularities, contact the credit card company or the credit bureau as soon as possible.
1. Check your credit score
2. Choose the right credit card
3. Apply for the card
4. Monitor your credit
People Also Ask Questions and Answers
Q. What is the best credit card to get?
A. The best credit card to get depends on your needs and financial situation. It is important to research the different cards available and compare them to find the best fit for you.
Q. What credit score do I need to get a credit card?
A. Most credit cards require a minimum credit score of around 600. However, some cards may require higher credit scores. It is important to research the different cards available and compare them to find the one that is right for you.
Q. How can I build my credit score?
A. The best way to build your credit score is to pay your bills on time, keep your balance low, and monitor your credit score regularly. You can also try to reduce your debt and use credit cards responsibly.
How do I get credit card? – How to Choose
The best secured card? [Click “See More” for Advertiser Disclosure]
You can support our channel by choosing your next credit card via one of the links below (in other words, we make money if you get approved):
– CardMatch™: https://rebrand.ly/p70ubk
– Cash Back Credit Cards: https://rebrand.ly/8tz84x
– Travel Rewards Credit Cards: https://rebrand.ly/27jk4y
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– Credit Cards for Fair Credit: https://rebrand.ly/956h4w
– Or, use our Amazon.com link: https://amzn.to/2PpQWoB
ADVERTISER DISCLOSURE: Unless otherwise noted, this channel receives compensation from our partner sites when you click through and are approved for a credit card through the links you see above. Compensation may impact how and where we place these links. While we try to include information on a wide variety of financial companies and products in our videos, we definitely can’t guarantee that we’ve included every company or every available offer.
NOTE: Credit card information in this video is not guaranteed; we have attempted to confirm all information to the best of our ability but we could simply be wrong or the information could be outdated by the time you watch this video. We are doing our best here, but check our work!
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