The Mastercard® Gold Card credit score requirement is 700 or better. That means people with good credit or better have a shot at getting approved for the Mastercard® Gold Card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Mastercard® Gold Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Mastercard® Gold Card credit score requirement. You can check your credit score for free on WalletHub.
Mastercard Gold Card points are worth 1.33 cents per point, on average. The value of Mastercard Gold Card points depends on how they are redeemed. For example, points from Mastercard Gold Card are worth up to 2 cents each when redeemed for cash back.
When invite-only cards aren’t a good option, some millionaires choose premium travel rewards cards such as American Express Platinum card and Chase Sapphire Reserve. People with at least good credit who are approved for either card can expect lucrative bonuses, generous rewards on purchases, and other perks that will more than offset their hefty annual fees. The American Express Platinum card charges $695 a year to own, and Chase Sapphire Reserve likewise carries a big price tag with its $550 annual fee.
Millionaire business owners may also get good use from a business credit card such as the The Business Platinum Card® from American Express, a top choice for frequent travelers who don’t mind shelling out $695 a year for all the high-end perks the card offers. The Ink Business Preferred® Credit Card is another attractive option for business owners with seven-figure incomes, as the card offers stellar rewards on business-related purchases and a significantly lower annual fee ($95) than American Express Business Platinum card.
Your Barclaycard approval odds largely depend on your credit score, income, and debt. All Barclays credit cards require a minimum credit score of either 700 or 750 for approval. This means you need either good or excellent credit to get approved for a Barclaycard.
Here’s what you should know about your Barclaycard approval odds:… read full answer
Barclaycard will consider things like your credit history, income, existing debt, and number of recent inquiries when reviewing your application. However, Barclays does not disclose the exact approval criteria on their website.
When applying, you must provide your permanent address, date of birth, Social Security number, and mother’s maiden name.
Business card applicants must provide their company’s legal name, trade name, and phone number. Plus, you will also have to mention how many employees you have, how long you’ve been in business, and your annual revenue.
You can’t check if you’re pre-approved for a Barclaycard. You could receive a pre-approved offer in the mail, but there’s no way to request that.
The best thing you can do for higher Barclaycard approval odds is to use your current credit cards responsibly. Paying down balances, making payments on time, and not maxing out your existing cards all help your chances. And if Barclaycards aren’t a realistic option right now, you still have choices. Plenty of other credit card companies have offers for people with fair, limited, and bad credit.
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