Are you thinking of applying for a credit card? You’re in good company with over half a million Americans submitting a new credit card application every day according to the Consumer Financial Protection Bureau.
Applying for a credit card is simple but getting approved isn’t so easy. Both your credit score and your self-esteem can take a hit if your application is denied. To increase your chances of being approved, we present the best tips from top credit experts on what not to do when applying for a new credit card.
1. Ignore your credit report
Miguel A. Suro, Miami attorney and personal finance writer at The Rich Miser, says knowing what’s on your credit report is key. He states, “It’s important to check your credit report and score before applying for credit cards so you can (1) c…