Credit Card Application for Unsecured Open End Credit

State:
Multi-State
Control #:
US-02544BG
Format:
Word
Instant download

Description

The Federal Truth in Lending Act prohibits the issuance of credit cards without solicitation. The card issuer is required to provide some type of request or application form. By using a properly prepared application for a credit card, the issuer not only complies with the Federal Truth in Lending Act, but also obtains necessary credit information on the card applicant.
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How to fill out Credit Card Application For Unsecured Open End Credit?

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FAQ

If your credit score is below the 550 to 650 threshold needed to get a good unsecured card, you'd be much better off applying for a secured card such as the Discover it® Secured Credit Card or the Secured MastercardA® from Capital One.

Got a credit score (aka FICO score) of 600, 610, 620, 630 or 640? There's good news and bad news. Unfortunately, these credit scores are considered fair to poor, which means you may not be approved for many prime credit cards.

It can strengthen your credit score by helping you use credit wisely, and it's a great card to start off with when you're first learning to use credit. When you have bad credit, unsecured cards may carry high fees or come with high interest rates, and neither option is good for someone trying to rebuild credit.

Discover it® Secured Credit Card The best rewards credit card with high odds of instant approval is the Discover it Secured Credit Card. Secured cards are the easiest type of credit card to get, in general.

The easiest unsecured credit cards for bad credit are the Credit One Bank® VisaA® Credit Card, the Applied BankA® Unsecured Classic VisaA® Card, the First Access VISAA® Credit Card, the Surge MastercardA® Credit Card and the Fit MastercardA® Credit Card.

Pay your bill on time every month. Keep your balance relatively low. Avoid multiple credit applications in a short period.

The one thing anyone with a 500 credit score should do is open a secured credit card.For that, you'll need an unsecured credit card for bad credit. Such cards aren't ideal, as they charge high rates and fees while allowing you to borrow very little.

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Credit Card Application for Unsecured Open End Credit