The process for credit card application these days might have become a lot easier than before; however, the approval process is what’s tricky.

Getting a credit card has always been considered a luxury because of the many benefits it offers, including convenient money transactions, very quick and efficient solutions especially during financial emergencies, easy online booking and purchases, and more. Credit cards are very useful and helpful, especially in urgent or emergency situations. So, if you haven’t gotten your first ever credit card yet and have wondered how;

Here’s a guide to help you get started:


Know your credit score

The approval of your credit card application largely depends on your credit score, which is why you have to be aware of your score before you even decide to apply. If you have had a difficulty when it comes to maintaining a good credit history, you might want to wait before you apply and work on making your credit score better in the meantime. It should not be that hard, as all you have to do is to stay on top of your finances and avoid additional debts.


Identify the type of card you can apply for

There are plenty of options when it comes to the credit card you can apply for, and it can be pretty overwhelming. In order for you to make the right decision, take the time to do a research and understand the one that will suit your particular financial need. If you are a first-time card owner, a regular card will be suitable for you. If you have a higher income and if you think you will be using your credit card a lot, then a premium card will be excellent. Then for those who use their cards a lot for purchasing, they can opt for a rebate.


Find out the pitfalls as well as the perks of your card

Doing a research before applying for a card should be one of your priorities because you have to make sure you are making a careful decision when choosing a card. You can reach out to a credit card officer to assess your ability to pay the balance on your card. You also have to know if you can be a responsible credit card holder based on your lifestyle. Read all the information and do a little research on the advantages and the disadvantages that each credit card company offers so that you will be able to determine how you can use your card wisely.


Avoid applying for the first offer you see

Even if you see very lucrative credit card offers, it is not advisable for you to sign up for it right away, especially if you do not have good credit. It is always better to be sure, so do not hesitate to ask and conduct your own investigation.


Be aware of your credit limit

Your credit limit refers to the maximum amount that you can borrow from your card. If it is your first time to get a credit card, you can’t expect to have a high credit limit right away. However, your credit limit will eventually increase if you manage to be a responsible credit card holder who pays monthly dues on time. There are also other factors which affect your credit limit and that include your age, income, as well as your job.


Ensure that you have the complete requirements

To ensure a stress-free and a hassle-free application, it is better to double check your requirements. List down all the documents you need for the application and ensure that they are all complete in a folder to avoid losing or missing out on anything before submission.


Submit your application

When you submit your application, you cannot always expect for it to get approved right away, but it is better to comply with the requirements and deadlines because not all credit card companies give another shot for those who were denied for the first time. Remember that one of the key things that will help you get through this process successfully is being responsible when it comes to your finances.

Don’t forget to talk with one of our talented team members to make sure you have the best rates on your credit card. Calcite Credit Union is here to help!