That's the question that millions of young people, new immigrants and people recovering from bankruptcy face as they try to build (or rebuild) their credit history in the hopes of one day
qualifying for a rewards credit card, auto loan or mortgage.
Most credit card offers will say something like: «If you have excellent credit, you will
qualify for this rewards credit card.»
While you may not
qualify for a reward credit card offering a big sign - up bonus or free round - trip flight, you'll find a number of issuers willing to give you a second chance at restoring your credit rating.
Here's the thing, you need a good credit score to
qualify for a rewards credit card.
Once you have completed the terms of the personal loan successfully, you will likely
qualify for the rewards credit card.
Not exact matches
As an alternative, you might consider these good cards
for people with bad
credit, which can help get you closer to
qualifying for a
rewards card over time.
Consumers who have a savings, checking or other deposit account with Bank of America can
qualify for a point bonus, which can make this
credit card competitive with the Arrival Plus and other top
rewards cards.
The Capital One Spark Classic
for Business card allows cardholders to earn
rewards without needing excellent personal
credit scores to
qualify.
In this case though, the Capital One ® VentureOne ®
Rewards Credit Card requires $ 1,000 spent during your first three months as a cardholder to
qualify for the bonus mileage, in comparison to the Venture ® Card that requires $ 3,000.
Some cards are easier to
qualify for, while others — such as
rewards cards with higher annual fees — require excellent
credit with a long
credit history.
If you have poor or limited
credit, most of the
credit cards you
qualify for aren't going to offer you any
rewards.
Similarly to consumer
credit cards,
qualifying for a business
credit card is based on your personal
credit history, and many of the top issuers offer
rewards, cash back or points
for charging purchases.
If you had a Marriott
Rewards ® Premier
Credit Card account in the past 2 years and closed it, you will not
qualify for this offer.
To
qualify for the early spend bonus on the Capital One ® Venture ®
Rewards Credit Card you must spend at least $ 3,000 within the first 3 months of account opening.
Similarly to consumer
credit cards,
qualifying for a business
credit card is based on your personal
credit history, and many of the top issuers offer
rewards, cash back or points
for charging purchases.
Consumers who are members of this
credit union can
qualify for one of the best low interest
credit cards around — the PenFed Premium Travel
Rewards Amex card.
A co-signer with good
credit can help you
qualify for a card with a stronger
rewards program than you could get on your own.
With the type of
credit score needed to get approved
for this
credit card, most consumers will be able to
qualify for a card with a much higher
rewards rate.
Unless you
qualify for the 1.75 %
rewards rate on the PNC CashBuilder
credit card, there is no reason to prefer it over the Barclays CashForward ™ World Mastercard ®.
Consumers who have a savings, checking or other deposit account with Bank of America can
qualify for a point bonus, which can make this
credit card competitive with the Arrival Plus and other top
rewards cards.
Even if you do
qualify for any of the Preferred
Rewards, you will only come out ahead when paying with the Citi ® Double Cash
Credit Card on non-Norwegian Cruise purchases.
However, if you
qualify for the 25 % -75 % bonuses that come with this program, we recommend choosing a more flexible BofA
credit card, such as the BankAmericard Travel Rewards ® Credit Card — it will provide the better overall savings with its flat 1.5 % rewards rate across all spe
credit card, such as the BankAmericard Travel
Rewards ® Credit Card — it will provide the better overall savings with its flat 1.5 % rewards rate across all sp
Rewards ®
Credit Card — it will provide the better overall savings with its flat 1.5 % rewards rate across all spe
Credit Card — it will provide the better overall savings with its flat 1.5 %
rewards rate across all sp
rewards rate across all spending.
To
qualify for the early spend bonus on the Capital One ® Venture ®
Rewards Credit Card you must spend at least $ 3,000 within the first 3 months of account opening.
Aditionally,
for every $ 10,000 in purchases you make with the Rapid
Rewards credit card, you earn 1,500 Tier -
Qualifying points.
Now I am on my way to better
credit score and during the couple months of having this secured card, I
qualified for a $ 300 unsecured card with Quicksilver One
Rewards.
You'll earn
Rewards Points
for every
qualifying purchase made with your CEFCU Mastercard
Rewards or World
Credit Card.
As an alternative, you might consider these good cards
for people with bad
credit, which can help get you closer to
qualifying for a
rewards card over time.
It's rare to see a
rewards - based secured
credit card, since points, cash back and travel miles are usually reserved
for individuals with good to excellent
credit who
qualify for unsecured
credit card products.
A bankruptcy hurts your
credit score
for a long time after the filing, making it harder to
qualify for unsecured
credit cards with low interest rates, high
credit limits and
rewards programs.
You don't need to have excellent
credit to
qualify for a
credit card with great
rewards and reasonable terms.
I think
credit union is better because it has has no annual fee
credit cards with cashback
rewards and it is easy to
qualify for their fee waiver and highest tier of checking services.
Unless you have a poor
credit score, you should be able to
qualify for a
credit card that provides one or more types of
rewards.
0 %
credit cards include a wide range of balance transfer cards, and many also offer cash back, rebates,
reward points, and high
credit limits
for qualified applicants.
If you
qualify for just the 1.5 %
rewards rate, the Citi ® Double Cash
Credit Card is the better card.
For example, you'll probably need at least a good credit score to qualify for the Platinum version of the TJX Rewards ca
For example, you'll probably need at least a good
credit score to
qualify for the Platinum version of the TJX Rewards ca
for the Platinum version of the TJX
Rewards card.
However, if you can't
qualify for a more standard
rewards credit card, it makes sense to consider a student card.
The two cards that impose annual fees starting in the second year have higher payouts in year one
for heavier grocery store spenders because they offer more points per dollar (and the Capital One ® Venture ®
Rewards Credit Card has the highest bonus to
qualifying new cardholders).
To
qualify for the $ 200 cash
rewards bonus, a total of at least $ 1,000 in net purchases (purchases minus returns /
credits) must post to your account within 3 months from the date your account is opened.
Some cards are easier to
qualify for, while others — such as
rewards cards with higher annual fees — require excellent
credit with a long
credit history.
Therefore, if you're a low spender who wouldn't
qualify for bigger bonuses anyway, the AAA Member
Rewards Credit Card offers a great solution.
It can be very difficult
for students to
qualify for credit cards and even more difficult
for them to
qualify for a good
rewards card.
To
qualify for the early spend bonus on the Capital One ® Quicksilver ® Cash
Rewards Credit Card cardholders must spend at least $ 500 in purchases within the first 3 months of account opening.
With a monthly cash
rewards credit, instant discounts at select retailers, no annual fee, and the excellent benefits and customer service you can expect from American Express, the SimplyCash ® Business Card looks like a great business
credit for those that
qualify.
Every year that Marriott
Rewards ® Premier Plus
Credit Card cardholders make $ 35,000 or more in purchases within a cardmember year they
qualify for Gold Elite Status through Dec. 31 of the following calendar year.
With excellent
credit, you'll
qualify for all of the best
rewards, bonuses, and rates.
However,
for those who can not
qualify for a line of
credit, it is still better to earn some
rewards points, than not - especially if you are already making purchases at Bloomingdale's.
If you're
credit's not perfect, but you're now able to pay your cards in full each month, you won't yet
qualify for the very best cash
rewards, but you can do well with no annual fee.
These HSBC
credit cards provide excellent
rewards programs with a variety of travel and shopping benefits and no foreign transaction fees, plus you can earn a free flight worth $ 400 or $ 750, $ 250 in cash back or gift cards, or $ 150 cash back as a special bonus after
qualifying purchases
for new card applicants.
With excellent
credit scores, you could
qualify for even richer
rewards cards, since those are reserved
for people with the best
credit.
If cardholders can
qualify, we highly recommend applying
for a
rewards credit card.