To apply for a credit card, it is necessary to have a reliable source of income and advantageous to have established credit history. For first time applicants with little credit history, it is possible to have a co-signer add them as authorized users on their credit cards in joint accounts.
Applicants must be over the age of 18 in order to qualify for a credit card and must have access to a monthly income that is high enough to meet the standards of their requested credit limits. Chances of credit card approval increase with greater credit, especially with selective issuers who require clear reports. The issuers consider debt history with each application and may deny those with significant debt or poor credit.
Certain issuers offer student credit cards to those still enrolled in college. This helps to create opportunities for applicants without any credit history to begin building their credit before postgraduate employment. Positive preexisting banking relationships may help prove to issuers that a credit card applicant is financially accountable through responsible debit management. Since credit scores may determine the outcome of major transactions involving car leases and home ownership, it is beneficial to create a budget prior to credit card application in order to be aware of personal spending habits.