Archive for the ‘Credit Cards’ Category
How To Improve Your Chance of Being Approved for a Gold Credit Card
Your credit score is good, you met the minimum income requirements listed on the website to apply for a gold credit card, yet you still were turned down. It can be very disappointing, yet it’s possible to see why you were declined and try to improve your situation before applying again.
Lenders who issue gold credit cards care about your income, but they also care about how long you have been employed. When applying for a gold card, it’s sometimes better to make a little less, and have held the same position for five years than it is to earn much more, and have only worked at the job for two weeks. You need to show that your employment is steady, and you are not still on a probationary period.
You may also want to look at your other obligations. A person with a high income and very high debts will have little extra money to pay yet another credit card, and gold credit cards need to be paid in full each month. If you have a number of outstanding obligations, try to eliminate some of them before applying again. Even if you pay all your obligations on time each month, you still may have too much debt. F one of these problems is the only thing stopping you from getting a gold credit card, be patient. Your time will come. A gold card is worth waiting for.
