How to Qualify for a Credit Card
Do you meet the requirements for eligibility to get a credit card? There isn't a one-size-fits-all answer. Qualification depends on both the card issuer (bank) and the information you supply when you apply. For competitive reasons, banks aren't eager to share their requirements to the public.
That said, having studied many of the best credit cards on the market, as well as the banks that issue them, we have a very good idea of the factors that may affect whether or not you qualify, and how to improve your chances of qualifying and getting approved for a credit card.
It doesn't matter if you have an 800 credit score and a perfect credit report that is 20 pages thick -- if you don't have an income, the bank has every reason to worry about getting paid back. For this reason, income is the starting place for qualification.
Source: Fool.com
