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Is it easy to apply for credit if you have no credit history?
"It is easy to apply for credit anywhere, however it may not be as easy to get approved for the application. Some cards will give you a chance, but they will have high interest rates."
If you make more than one request for a credit card within 45 days how is your credit score affected in terms of the number of Hard Inquiries that would be made to your credit report?
It isn't.. credit score/rating is determined on your ability to pay your debts/credit cards, not the number you have... I have several, each for a different purpose.. own account (modest limit), joint account (small credit limit)business (modest limit).. I don't use store cards,, their interest is far too high.. and i ALWAYS pay them off, in full, every month, by direct debits from each account... the card companies HATE me, because they don't make enough money from me!.. but my credit rating is "A1" Lets say for example that you apply for two credit cards in 45 days and do not get approved for a single card, then the 2 hard inquiries will stay on your credit for the next two years. Yes your score will be brought down slightly. The more cards you apply for and do not get approved for it makes it appear as if you are in some type of financial crisis. The normal is one per 6 months for hard inquiries. It is best before you start filling out applications to do some research as to what type of card will best meet your needs. Try www.bankrate.com.
What are the downsides to Sears credit cards?
Sears credit cards are like most credit cards. They are convientient when you are low on cash,. Howver, like most credit cards, they have high interest rates.
Is it easier to get a high limit credit card if you already have one?
Yes it is, if you have always made your payments on the other card on time and you have no outstanding debts. Be careful tho, the more cards you apply for can get you into trouble with your credit score...and of course, yourself into debt if you don't use the cards wisely.
Can having to many credit cards with no credit balances reduce your credit score?
{| |- | Your overall credit history will determine how your credit is affected by having numerous credit cards. However, having an overabundance of credit cards with high balances or credit availability can negatively impact risk scores if your credit history is questionable. |}
Is it easy to apply for credit if you have no credit history?
"It is easy to apply for credit anywhere, however it may not be as easy to get approved for the application. Some cards will give you a chance, but they will have high interest rates."
Where can I get high school student credit cards ?
If you have a job or if you are a working student, you can apply to have a credit card. Because credit card companies like HSBC will not allow people to apply for a credit card without a salary. If you are a working student, you can apply for one and the amount or limit of your credit card will depend on your salary.
If you make more than one request for a credit card within 45 days how is your credit score affected in terms of the number of Hard Inquiries that would be made to your credit report?
It isn't.. credit score/rating is determined on your ability to pay your debts/credit cards, not the number you have... I have several, each for a different purpose.. own account (modest limit), joint account (small credit limit)business (modest limit).. I don't use store cards,, their interest is far too high.. and i ALWAYS pay them off, in full, every month, by direct debits from each account... the card companies HATE me, because they don't make enough money from me!.. but my credit rating is "A1" Lets say for example that you apply for two credit cards in 45 days and do not get approved for a single card, then the 2 hard inquiries will stay on your credit for the next two years. Yes your score will be brought down slightly. The more cards you apply for and do not get approved for it makes it appear as if you are in some type of financial crisis. The normal is one per 6 months for hard inquiries. It is best before you start filling out applications to do some research as to what type of card will best meet your needs. Try www.bankrate.com.
What are the downsides to Sears credit cards?
Sears credit cards are like most credit cards. They are convientient when you are low on cash,. Howver, like most credit cards, they have high interest rates.
How can I find out more about corporate credit cards?
Corporate credit cards are an effecient way to do business and gives your employees a way to purchase items needed for the business.Cost may be high depending on the fees you may have to pay for the credit cards.Check to see if any annual fees apply with the card and what the interest rate is for the cards.
The late fee penalties on credit cards are too high and should be lowered.?
The late fee penalties on credit cards are too high and should be lowered.
Is it easier to get a high limit credit card if you already have one?
Yes it is, if you have always made your payments on the other card on time and you have no outstanding debts. Be careful tho, the more cards you apply for can get you into trouble with your credit score...and of course, yourself into debt if you don't use the cards wisely.
Can having to many credit cards with no credit balances reduce your credit score?
{| |- | Your overall credit history will determine how your credit is affected by having numerous credit cards. However, having an overabundance of credit cards with high balances or credit availability can negatively impact risk scores if your credit history is questionable. |}
Will it affect your credit rating and score if you have 5 credit cards but use only one and neglect the other four cards?
== == Your overall credit history will determine how your credit is affected by having numerous credit cards. However, having an overabundance of credit cards with high balances or credit availability can negatively impact risk scores if your credit history is questionable. == == == ==
Could you get a credit card with a 528 score?
probably not, because your consider high risk to the merchant/lender. you probably have some high balances, slow payments and too many active credit cards or/and new credit cards
Why is it people with poor credit scores can still get credit cards?
Because high interest is a bonus for the credit card business.
What is a good thing about having low interest business credit cards?
Low interest business credit cards have much less low risk than high interest credit cards. Less cost is imposed for the person using the credit card.
