Having a good credit standing makes it easier to be approved for credit cards or loans. People with good credit normally get better interest rates, too. A credit history shows the financial company whether or not an individual is likely to pay their debt. Fortunately, it is still possible to get a credit card without a credit history.
The credit card company needs to know if you're capable of paying a credit card debt. Having a job helps alleviate this concern. To qualify, the income must be yours and not from your parents or spouse. So, it is a good idea to get a job before applying for a credit card. The higher the income, the more likely you are to be approved.
xavierarnau / Getty Images
This site offers information designed for educational purposes only. The information on this Website is not intended to be comprehensive, nor does it constitute advice or our recommendation in any way. We attempt to ensure that the content is current and accurate but we do not guarantee its currency and accuracy. You should carry out your own research and/or seek your own advice before acting or relying on any of the information on this Website.