Apply for a new credit card? Make sure your first credit rating

In the fall of 2009, credit card offers are back, filling United States inexorable velocities as end of the Earth catalogs mailboxes. But if you are considering an offer of credit card by mail or want to apply online for a credit card, there are more reasons than ever to look before jumping and take this important step: check your credit rating.

Why?Card issuers have strengthened terms of loans, and to know your score FICO, it will be easier to know what credit card offers that you qualify para.Esto, in turn, will prevent you from wasting your time on credit card, we attract consumers with attractive offerings ' as low as ' teaser or equilibrium interest rate offers only to deliver the highest rate for applicants with less excellent qualifications transfer credit cards.

Check scores FICO is easier than ever, and not necessarily have to pay to hacerlo.Si you're pretty sure your credit score range simply use one of the appraisers punctuation FICO free on the web. If this is the first time you check your score FICO, you might want to invest in a copy of your credit in myFICO.com rating.
If your credit score is lower than expected, look carefully in its report of crédito.El myFICO.com service automatically includes a copy of the report of credit along with the score. as alternative, pull a free copy of your credit report at AnnualCreditReport.com (consumers have a right to throw a free copy of his report of credit rating agencies three a year). If you encounter errors potentially tire down the score, ensure correct them and then preferably to wait to be clarified before requesting a credit card.

What credit card credit score qualifies you for?
Scores FICO fall in a range between 850 for excellent credit to 300 for really, really bad credit. Within this range, there are segments of excellent credit, good credit, fair or average credit and bad credit.Here is the range for each and every segment credit cards qualifies you for:

Excellent credit: scores above 750. Only a third of Americans, or 37.4%, have credit scores range from 750-850 with Fair Isaac, the company that originated in credit ratings.If your score falls within this range, you quite position pick what credit card to request. Either card rewards cards balance transfer or low-interest credit cards, cash back credit cards you must be eligible for the cards that offer the best término.Si online application, locate the category of credit cards for people with excellent credit.

Good credit - scores between 720 to 750: prior of arrival of the economic recession, scores than 720 FICO were considered excellent credit and sufficient for obtaining approval of credit cards and loans with better terms.Two years with record levels of mortgage foreclosures and credit card defaults, however, banks have strengthened standards of loans, so people who fall into this range generally only qualified for cards for people with good instantaneous only is the number of limited in this score range credit card options, the terms are also more uncertain.Most cards will list APRs in a range, for example, the variable 12.99% to 22.99%, and unfortunately, applicants do not know what APR arrive until you get approved for a credit card.If its rating falls in the low range of good credit, to avoid uncertainty, find cards that do not provide a wide range of interest rates.

Fair credit: scores of 650 to 720: credit for people with fair credit card number is much more limited and terms are not very attractive.If you're at the high-end of the range of credit right, i.e., with scores above 700, it may still be able to qualify for some category of good credit credit cards.However, if you request a card that offers a range of APRs credit, expect the APR more alta.Por example for a credit card with an APR 22.99 to 12.99%, you're likely to end up in the range of 22.99%.

Bad credit - score below the 650: scores that fall below the 650 consider credit subprime.Si in this category, you can take some comfort in the fact that you're not complete solo.Una one-third of Americans, or 35 percent as of April 2010 took credit scores fall within this range, according to Fair Isaac.Cuando scores fall into the category of sub-prime, is usually due to some financial event negative as foreclosures, bankruptcy, credit, high levels of serious delays in payments or credit card debt card defaults.

At this level, look for a credit card for people with bad credit, however, be wary of what you solicita.muchas credit cards subprime are expensive and come with conditions onerosas.Su better option is to go with a credit card for bad credit, which is the least expensive and also help you rebuild your credit, even if it means starting with a credit limit is very low.