How a Credit Card Eligibility Checker Works

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When you apply for a credit card, you need to be sure that you meet all of the bank’s eligibility requirements. This can be done by using a credit card eligibility checker. It will tell you if you’re likely to be accepted.

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A credit card eligibility checker works by performing a soft search on your credit file. Unlike a hard search, which is a formal credit check, a soft search doesn’t leave a footprint on your credit report. The only thing that lenders can see is the results.

Eligibility checkers are usually offered by most credit card providers. They are quick and easy to use. In addition, they give accurate results.

If you do not meet the eligibility requirements, you may have your application rejected. Getting turned down will negatively affect your credit score. However, you can take steps to improve your score.

Many card issuers also offer free pre-qualification. During this process, they ask for your name, address, and social security number. Using a pre-qualification form does not hurt your credit score.

Once you have submitted your information, you will receive a call from a representative. The representative will then handle the process of collecting the documents and fulfilling the order. During this time, you’ll get a “pre-approval” label that indicates that you are probably approved for a credit card.

Your credit file should update every month. While each lender will have their own parameters, most will provide an instant result.

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