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- 1). Evaluate your credit history and determine your credit score. Those who have a low score, which is anything below 600, will find that they are going to have a difficult time getting a low interest rate. Repairing your credit and raising your score are sure-fire ways to get a credit card with a good rate. Visit FreeCreditReport.com to get your free credit score.
- 2). Open checking and savings accounts at your bank. When you are looking for a credit card, having stable checking and savings is a sign of financial responsibility. This is especially helpful for those looking for their first card. Visit Bankrate.com to get a list of banks in your area, as well as their rates.
- 3). Check sites like CardOffers.com to find legitimate credit card offers from established financial entities. Most of these companies market their credit card offers to individuals with good to excellent credit, but some companies offer cards to people with poor credit.
You can also try to get a card through your bank, or obtain a secured credit card instead. With a secured card, the credit you have available is dependent on the amount of money you deposit in the bank.
Another option is to get a department store credit card. When you have established a good paying history, you then can apply for an unsecured credit card. - 4). Clear up your bad credit by paying off old loans, making your payments on time, and calling your current creditors to lower your interest rate. By taking these steps to improve your credit, you will receive more offers from credit card companies. Check the three major credit bureaus, Equifax, Experian, and Transunion, to make sure your credit file is not prohibited from receiving offers.
- 5). Pay your bills on time and you can ensure you have a good credit rating in the future. This is important for many reasons. A credit score over 700 will make it easier for you when you want to buy a car or house, get a loan to start a business, or pay for home repair and remodeling.
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