How to Get a Credit Card

paying bill with credit card

Thinking it’s time to apply for your first credit card in Michigan? If you’re responsible with how you use your card, it can go a long way to start building up a credit history if you don’t currently have one, or raise your credit score if it’s not so hot right now. Learn more about how to get a credit card – and how to get a credit card with bad credit or no credit – with Xpress Cash below, and contact us if you have questions along the way!

What is Your Credit Score?

There are all sorts of credit cards available today, from travel rewards cards to gas rewards cards and far beyond. But before you go wild and apply for as many cards as you possibly can, take a moment to check your credit score. If you’ve never had a credit card before, you may not have a good credit score at the moment. If you find that your score is bad, or even if you have no credit history at all, don’t fret. You will want to take this information and use it to decide what types of cards to apply for – if a card clearly states that good or excellent scores are required, you’ll know not to apply.

Keep in mind, using a credit card for small purchases and paying the bills on time can help to raise your score or build a history.

Know Your Options

What kind of credit card should you apply for? If this is your very first card or you have bad credit, you’d do well to look for an option with a low interest rate or no annual fees. Don’t have a credit history? Consider a secured credit card. It’s a popular option for individuals with limited or no credit who want to start building their history — just know that a cash deposit will be a requirement.

Where Should You Apply?

Do you currently have a savings account open with a bank? Ask about their credit card options. If you already have a good rapport with them and they know you’re a responsible individual, they may feel comfortable working with you – even if you have a bad credit score or no credit history.

Get Pre-Qualified

Worried your applications will be denied? See if you’re pre-qualified online. Many institutions offer this service, and you won’t have to worry about it affecting your credit score because it only requires a soft credit check. If you do receive pre-qualification, you’ll have the green light to move ahead with an application. Keep in mind, when you submit an official application, a hard credit check is required. Unlike soft credit checks, this can lower your score a few points. This is why you should limit and be thoughtful about the applications you submit. You should also be prepared to provide an income verification letter or other forms of verification of your annual income, as many credit card companies will request it before approving you.

Learn More at Xpress Cash!

Feeling better prepared to apply for a credit card? If you still have some questions surrounding how to get a credit card with bad credit or how to get a credit card with no credit, Xpress Cash is here to help. Visit one of our Michigan locations to speak with a professional today, and learn more about our cash advance options if you’re in need of a quick solution.