How to get a credit card in 7 simple steps?

August 7, 2020 / 5 minutes of reading

Figuring out how to get a credit card can feel like a maze, especially if it is your first time. However, the process is easier than you think, once you understand the right steps and clever tips to pick the right credit card. Whether you are trying to build credit, earn rewards, or just want a reliable backup for emergencies, this guide is all you need to apply for any credit card.

Without further ado, here are 7 key steps to get a credit card.

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1. Understand why you want to get a credit card

Before getting a credit card, it’s worth asking yourself why you want one. I know it sounds basic, but having a clear reason helps you pick the right card, avoid paying for features you don’t need, and use it in a way that actually benefits you. Typically, you would want to apply for a credit card to build credit, earn rewards, or just have a backup for emergencies.

Emergency use: A no-annual-fee, low-interest credit card is a good choice for emergency use.

Building credit: If you have a thin credit file or poor credit, a secured credit card or student card would be your best option.

Rewards: If you want to boost your savings on daily purchases, consider getting a reward credit card. You can either get a cash back, miles, or points credit card.

2. Check your credit score

One of the smartest things to do before you apply for a credit card is to check your credit score first. Trust me, it gives you a clear picture of where you stand and helps you avoid applying for cards for which you might not qualify. That way, you protect your score from unnecessary hard inquiries and focus on options that actually fit your credit profile.

Here is the kind of credit cards you should expect to qualify for, depending on your credit score.

Excellent (750+): You will qualify for premium cards with great perks.
Good (700–749): You will get solid rewards cards and decent limits.
Fair (650–699): You may qualify for basic cards or starter rewards.
Poor (<650): Consider secured cards or credit-builder options.

You can check your score for free using apps like Credit Karma, myFICO, or through your card issuer’s account.

3. Get pre-qualified

While you can apply for any credit card and get approved right away, it is best to get prequalified. Prequalification allows you to see which credit cards you’re likely to get approved for, without hurting your credit score. I always recommend this step because it saves you from unnecessary rejections and helps you focus on offers that actually match your credit profile.

Here are a few steps to get prequalified for a credit card.

Visit the websites of major card issuers, such as Capital One, Discover, American Express, or any other issuer you want to apply to.
Fill out a short form with basic info such as income, housing, and the last four digits of your SSN.
Review your personalized offers without triggering a hard inquiry on your credit reports.

4. Compare credit card offers

Another smart thing to do when applying for a credit card is to compare offers before making a decision. Credit cards are not one-size-fits-all. Some come with high annual fees, others offer great cashback, and a few have sneaky interest rates. By comparing options side by side, you will find a card that actually fits your lifestyle and spending needs. This simple step can save you money and frustration in the long run.

Here are a few key factors to consider when comparing credit card offers.

Annual fees: Some cards charge a fee that can be as high as $100 or more. I tend to avoid these ones, and you should too, unless the benefits outweigh these fees.
APR: Lower interest rates matter if you carry a balance.
Rewards programs: Choose from cashback, travel points, miles, or gas discounts that fit your lifestyle.
Intro offers: Look for 0% APR or bonus points for early spending. Focus on the card that offers the longest interest-free period.
Sign-up bonus: Some cards give you as much as $200 just to open an account.

5. Gather necessary information before you apply

Before applying for a credit card, ensure you have the necessary key information required for the application. Having everything on hand speeds up the process and boosts your chances of approval. Most credit card issuers require the following information on the application.

Social Security Number (SSN) or ITIN
Proof of income (pay stubs, bank statements)
Employment status
Housing costs (rent/mortgage)
Contact info

6. Apply for the credit card of your choice

If you have all the necessary information and have decided which credit card to apply for, it’s time to submit your application. Most major issuers offer online applications with instant decisions, but you can also apply in person if that is what you prefer.

Here are the key steps to apply for a credit card online.

Go to the card issuer’s website.
Fill out the application form with your details.
Submit the application and wait for the decisions. Depending on the issuer, decisions can be made in as little as 60 seconds.

7. Activate your credit card and use it responsibly

Once you have received your credit card, you must activate it before using it. You can activate the card by calling a number on the back of the card or online. To use the card responsibly, consider setting up autopay to avoid missing payments in the future.

Here are a few best practices for using credit cards.

Keep your balance low, ideally under 10% of your credit limit.
Pay your balance in full and on time every month to build your credit score and avoid credit card debt.
Monitor your account for any signs of fraud or errors.

How long does it take to get a credit card?

Once you have submitted your application, it can take between 5 and 10 business days for the card to arrive in your mail, according to Bankrate. However, getting approved for a credit card typically takes a few seconds, especially when applying online.