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It’s good to know the credit score you’ll need to get approved for a credit card before you apply.
Popular credit cards like the Chase Sapphire Preferred® Card generally require a minimum credit score in the high 600s.
Credit score guidelines vary by card, but the issuer will always make the final approval decision.

Read Insider’s guide to the best rewards credit cards.

If you have your eye on valuable travel rewards credit cards like the Chase Sapphire Preferred® Card or The Platinum Card® from American Express, you might be wondering whether your credit score is sufficient for an approval.

It’s a good question — after all, the most popular credit cards are aimed at those with a robust credit history.

Not all rewards credit cards require a high credit score, however. Every card issuer has its own underwriting criteria, which aren’t based strictly on credit score. Other factors can include employment, income, and any existing relationship with the bank.

We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

What credit card issuers look at in your application

No bank publicizes its underwriting criteria (in fact, banks consider this a trade secret). But because consumers …read more

Source:: Business Insider


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