Visa MasterCard Discovery

New credit card, check your scores first

[Thursday, October 28th, 2010]

After 2009, credit cards are back and there are so many offer available online and otherwise. There is however importance to carefully consider before jumping at an offer and do the most important step which is to check your scores.

When you know your FICO score, you have a better idea of which offers are suitable and you need not waste time on offers which seem to have teaser rates that will later turn out to be only for customers who have the best credit scores.

If you are fairly sure of your FICO scores being good, you can find out with ease which card offers will work for you and you needn`t waste time on balance transfer offers. You can get a copy of your scores at and also can use a free FICO score estimator online to find out where you stand. Make sure you also check your credit report for any errors that may be there.

Which card does you score make you eligible for?

FICO scores may be anywhere between 850 for the best scores to 300 in case people have bad credit. There are also divisions in this according to whether someone has average, excellent or bad credit. Excellent scores of over 750 are for about 20% of the American population and you can get the best offers in cards if you belong to this category.

Following the economic recession scores above 720 are not of the excellent credit category. Banks have more stringent standards and scrutiny in place to be able to get cards in the good credit category. Until approval applicants would not be able to know exactly what APR they are getting on their cards.

For those with Fair credit ranging between 650 and 720 the cards are lesser. Those in the higher end of the spectrum have more cards available to them and may get an APR ranging between 12.99 to 22.99 percent depending on their usage and how they have been doing.

For those who have bad credit, the situation is even more precarious with cards and terms that are not very clear or reliable.

About Us | Contact Us | Privacy Policy | Terms of Use | Site Map
Copyright © 2001 - 2017 All Rights Reserved. strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that can be compensated by credit card issuers when the visitors apply for a credit card through the website.

* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.

Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

Disclosure: Not an access card.