If you’re interested in getting a credit card, you should be aware of the requirements. Eligibility criteria vary widely among providers, but common factors include age, income, and credit score. If you don’t meet these requirements, your application may be declined. Here’s how to improve your chances of being approved.

What credit card does not have a credit limit?

First, make sure that you have a clean credit history. Most credit card check issuers check past and current credit history when determining a person’s credit worthiness. If you have a bad credit history, your application may be rejected. If you meet these requirements, it’s best to apply for a lower-cost, basic card without an annual fee. You can check eligibility criteria on the issuer’s website.

The interest rate on a credit card is determined by the credit card provider, and a good credit score is essential for getting the best rates. The issuer looks at your credit history and credit score to determine if you’re a good risk. A high credit score (ideally over 750) can improve your chances of getting approved quickly. However, a low credit score makes you look like a risky borrower.

The application for a credit card should be simple, and the process should take no more than ten minutes. You’ll need to provide your ID and address proof (valid passport or voter ID) and a minimum income of P180,000 per year. If you already have a credit card, you’ll need to prove that you earn at least that much, but you’re not expected to have a higher income. Once you submit all required documents, the process of approval takes no longer than 10 working days.