How To Get Approved For Any Credit Card in 2021 | Summary and Q&A

TL;DR

Learn four crucial strategies for increasing your chances of getting automatic approvals for credit cards.

Key Insights

• 💳 Understanding the current political and economic climate can give you an advantage in credit card approvals.
• 💳 Building a relationship with credit card issuers by applying for their other products increases your chances of getting approved.
• 💳 Maintaining a responsible credit score is essential for successful credit card applications.
• 😑 Distinguishing between pre-qualified and pre-approved offers can prevent confusion and ensure accurate expectations.
• 🫥 Calling the reconsideration line after a denial can potentially reverse the decision and increase your chances of approval.
• 🧑‍🏭 Patience is necessary if you don't get an automatic approval, as external factors might impact the turnaround time for applications.
• 💳 Supporting the channel through affiliate links when applying for credit cards helps sustain the production of valuable content.

Transcript

so if you're anything like me you know that getting denied is not fun whether you are applying for that dream position within your job and you get denied or you see the dream girl and you ask her out and you get denied or you apply for a credit card and you find out that you get denied getting denied sucks and i can't help you in the other things i... Read More

Questions & Answers

Q: How does understanding the current climate impact credit card approvals?

The political and economic climate can influence underwriting criteria, so being aware of the environment can give you insights into your chance of getting approved.

Q: How can developing a relationship with the credit card issuer help with approvals?

Building a relationship by applying for their other products or becoming an authorized user shows the issuer that you are a trusted customer, increasing your chances of approval.

Q: How important is maintaining a good credit score for credit card approvals?

A responsible credit score is crucial for getting approved for credit cards. Lenders evaluate creditworthiness based on credit scores to assess the risk of granting credit.

Q: What is the difference between pre-qualified and pre-approved credit card offers?

Pre-qualified offers imply that you meet certain criteria but still need to be approved after applying, while pre-approved offers indicate you are already accepted for the card.

Summary & Key Takeaways

• Understand the current climate in terms of politics and the economy, as it can affect the underwriting criteria for credit card approvals.

• Develop a relationship with the credit card issuer by applying for their other products or becoming an authorized user on someone else's account.

• Maintain a responsible credit score by following basic financial habits and working towards improving it.

• Differentiate between pre-qualified and pre-approved credit card offers to avoid confusion and ensure successful application.