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The credit card is a payment method that allows us to face unexpected expenses, take advantage of discounts, give gifts to our loved ones, etc. The credit card has requirements: a legal age, a registered job, a certain length of service, etc. The bank analyzes your credit profile and decides whether to approve or not. Here is everything you need to know about how to INCREASE APPROVAL RATE.

Prove that you are in registered employment

If you want to have a credit card you must prove to the bank that you have a registered job. If that is not your case because you are self-employed, then you must show that you have some kind of document that proves that you have income every month. Keep in mind that the credit cards also require you to have seniority of employment, so if you do not have seniority of employment, wait the necessary time to fulfill this requirement.

Pay your debts

Be in control of your expenses and if you have debts you should pay them right now. Banks look at your credit history and if they find out that you have one or more debts they will not give you a credit card. The reason this happens is because the banks believe that you will not pay the credit card. Also remember to pay your bills on time, because if you are late it will negatively affect your credit history.

Learn to wait

One of the keys on how to INCREASE APPROVAL RATE is knowing how to wait. Maybe you don’t have enough length of service, haven’t finished paying off debts, or lack the documentation to prove you have monthly income. These problems will take some time to resolve, but once you do, you will be able to apply for a credit card and the bank will most likely approve your application.