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A credit card issuer considers more than your score when it decides whether or not to accept your request. Even if you have a high score, you could be denied based on your income, for example, or if you opened multiple accounts in a short time, according to John Ganotis, founder of CreditCardInsider.com.
"Some banks will automatically deny people who have opened a number of accounts in recent years," he told CNBC Make It.
Pbading through cards, or opening them to collect their bonuses and closing them before having to pay more than an annual fee, can be lucrative. But if you do too much, credit issuers can start to refuse your requests.
In general, achieving a score of 670 is a good goal. "For most people, the easiest and fastest way to improve their credit scores is to pay off their credit card balances and make up for any late payments. the most common problems, "said Rod Griffin, Director of Consumer Affairs. Awareness at Experian.
If you manage to reach 750 or 760, you will probably be qualified for the best credit cards and also get the best rates on all types of loans. According to Greg McBride, chief badyst at Bankrate, going beyond will not make much of a difference: "That's why obsessing 800 points out of 820 is largely a waste of time."
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