What Do Credit Card Companies Ask To Apply For a Credit Card?

Applying for a credit card requires a lot of personal information and time. Learn more about what credit card companies look for in an application and what to consider when applying.

Any major credit card company will likely ask you questions about your credit history. Credit history includes a credit report or score, information on how many credit cards you currently hold, how many loans you have, any withstanding debt, and your bill pay history. Your credit history will also include your methods of payment on bills and living expenses.

“Credit Report”

Most credit card companies may ask you for a credit report. A credit report covers basic information such as your name, address, and social security number. Additionally, a credit report will cover how much money you spend, your bill pay, any standing debt, current credit cards, and loans.

Your credit report will also include your methods of payment on bills and living expenses. Credit card companies want to ensure you are a dependable client, which is why they view your credit report. Credit card companies want to be sure you are a reliable client who they can responsibly lend money to.

“Credit Score and Other Information”

Credit card companies are very interested in your overall credit score. A credit score is a number designated to you based on your previous credit history. Your credit score is what comes with your credit report. The higher your credit score, the better off you are.

Credit card companies may also ask questions regarding your marital status, taxes, family size, and employment status. Further, credit card companies may ask for pay stubs or overall gross income. Credit card companies want to ensure that you are in good financial standing, will stay in good financial standing, and will assess your need for a credit card.