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When you apply for a charge card, one of the factors that come most into play in whether you are approved is your credit score. That's a fact that most individuals know well, but if you're wondering exactly how your credit score actually affects you when you obtain a credit card, read on to find out more. 1. Your credit rating may rule you out for a lot of credit greeting card offers. Right from the top, your credit score could rule you out of some top charge card UK offers. Every credit card company in the UK has a variety of credit offerings, each designed for another market segment. The top offers with low APR and high rewards are usually reserved for those with higher earnings and excellent credit histories. 2. A higher credit rating will qualify you with regard to more credit card offers than the usual low credit rating. The higher your credit score, the more likely it is that you will be approved when you apply for credit cards. If you have excellent credit, have lived within the same place for more than 3 years, have worked for the same employer for a minimum of two years, and have a background of handling credit responsibly, take time to scan all the credit greeting card offers at moneyeverything. com to find the one which offers you the most value. 3. Your credit rating affects the APR that you're offered. The 'typical APR' that's listed by most charge card UK companies is the rate they must offer to at least 2 of each and every three customers that they approve for your credit card product. When you obtain a credit card, you have one chance in three to be offered a card with a greater APR than that advertised. The decrease your credit rating, the greater the chance that you will be approved at a higher APR compared to typical rate. 4. You can affect your credit rating before you obtain a credit card in order to be eligible for a a lower APR. If you suspect that your credit rating is in the centre ranges because you've missed a few payments in some places, or been late once or two times, there are ways to raise your credit score BEFORE you apply for any credit card. Pay down the balance on a number of your credit cards, or reduce the amount of credit cards you already have with regard to best effect. 5. It works each ways. Your credit card application can impact your credit rating. Every time you obtain a credit card or a loan associated with any sort, it puts a tick against your credit score. If the number of ticks is actually excessive, or if you apply for many credit cards all at one time, it can lower your credit rating and make it harder to get a good credit card with a minimal APR when you really want this. The best advice you'll ever get would be to check your credit rating BEFORE a person apply for a credit card to be able to apply for those credit cards that you are most likely to be authorized. Take the time to research charge cards so that you're sure of obtaining the best credit card for your reasons. Jon Francis has been involved with various areas with the world of finance and it has a keen eye for a bargin! He's an in-depth knowledge of the credit card UK market and today helps others get the best from the credit card. To learn more visit "http: //www. moneyeverything. com". View this post on my blog: http://creditcard.valuegov.com/how-your-credit-rating-affects-your-credit-card-application/