What does it take to get a cash back credit card?
by Author on Monday, July 12th, 2010 | 3 Comments
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I’ll share an article that maybe could help you.
Source:
http://www.rewardcreditcardsite.com/credit-card-articles/cash-back-vs-rewards-credit-cards-which-one-should-you-get/
Your credit score should be sufficient to get a cash back credit card. Perhaps your bank is more selective than others. Worst case, I would think you should be able to get one of the Capital One cash back credit cards since they have options even for folks with limited credit history.
To help beef up your credit history and score, you could get a department store credit card (e.g. Macy’s, Kohl’s, etc.). They’re usually pretty easy to get.
Since applying for credit cards actually brings your credit score down a little bit (bounces back after a year) and your credit score can influence your mortgage rate, I’d wait to apply for any credit cards until after you’ve secured your mortgage loan.
Also, you can use this rewards calculator to see which rewards credit card (cash back and others) will pay you the most for your normal spending profile:
http://www.creditcardtuneup.com/
You can click on the links in that tool to take you to the card issuer’s web site to view the details of cards and apply for them.
You can find the best credit card offers here: http://www.thebestfreecreditcards.com and many of them include rewards.