Chip Lupo, Credit Card Writer
@CLoop
The Mission Lane Cash Back Visa® Credit Card does a hard inquiry on your credit report when you apply. A hard inquiry usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time. Mission Lane performs the hard pull to determine your credit risk and ultimately decide whether you’ll be approved for an account.
The Mission Lane Cash Back Visa® Credit Card requires fair credit to be approved. You can check your credit score by signing up for a free WalletHub account. You’ll have access to free credit scores and free credit reports, both updated daily.
Before you apply, you can also check to see if you pre-qualify for the Mission Lane Cash Back Visa® Credit Card. Checking to see if you’re pre-qualified does not affect your credit score, as it only involves a soft pull. If you are pre-qualified, it means your odds of approval are high.
People also ask
Does Mission Lane Cash Back Visa report to all credit bureaus?
Yes, the Mission Lane Cash Back Visa® Credit Card reports your account activity to all three major credit bureaus: TransUnion, Experian and Equifax.
The card will send reports to these bureaus every month. This means that the card can help you build your credit score, as long as you make your payments on time and keep your credit utilization low.
read full answer by John Miller, Credit Cards ModeratorWhat is a good income for a credit card?
A good annual income for a credit card is more than $62,000 per year, since that puts you above the U.S. median. At the very least, you are required to have enough income to afford the monthly minimum payments on a credit card, along with your other financial obligations.
Having enough money to pay the monthly bills is the only official minimum income requirement for credit card approval in general, but individual credit card...
read full answer by WalletHub, Financial CompanyHow do I get a credit card for the first time?
To get a credit card for the first time, you must be at least 18 years old and have enough income to afford monthly credit card payments, in addition to your other expenses. The minimum payments on a starter credit card usually are around $15 per month.
The two basic steps involved in getting a credit card for the first time are to: 1) compare credit card offers designed specifically for people with limited or no...
read full answer by Adam McCann, Financial WriterDid we answer your question?
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