Regardless of your credit history and score, the internet has made it simple to find and compare offers.
However, you’re in much better position if you have excellent credit. Not only does this give you the confidence to find the right offer, but it also ensures that almost every issuer is willing to approve your application.
According to Experian, a score of 800 or higher lands you in the “excellent category.” This will aid your online credit card search in many ways, including the following:
1. Qualify for the Best Offers
Let’s face it: no two credit cards are created equal. Some are known for a low interest rate, while others have a reputation for providing access to a robust rewards program. Some have high fees, others have none at all.
You get the point.
Excellent credit positions you for access to the best credit card offers. This holds true in every category imaginable, such as: rewards credit cards, travel credit cards, cash back credit cards, and business credit cards.
Note: there’s no guarantee you’ll qualify for every offer, but your excellent credit puts you in much better position.
2. Negotiate Better Terms and Conditions
With less than ideal credit, you’re primary concern is securing a credit card from a reputable issuer. Conversely, if you have excellent credit, you can turn your attention to negotiating better terms and conditions.
For example, contact the issuer and let them know you’re interested in applying for their card. Also let them know that you have an excellent credit score and are comparing a variety of offers.
This doesn’t always work, but you may be able to negotiate a lower interest rate or better promotional offer. It never hurts to ask.
3. Find a Balance Transfer Credit Card
Just because you have debt spread across several credit cards doesn’t necessarily mean you have bad credit.
If you’re tired of overpaying on interest and jumping through hoops to manage your debt, it’s time to find a balance transfer credit card. With excellent credit, you’ll qualify for the best available offers. These typically include:
- Low balance transfer fee
- Long zero percent introductory rate
- Access to additional features, such as a rewards program
A balance transfer credit card allows you to consolidate your debt, thus putting you in position to take your score to new heights.
It takes a lot of time and hard work to achieve an excellent credit score. While it’s nice to have, you should put it to good use as often as possible.
Excellent credit makes it easier to search for, find, and apply for the perfect credit card online. Once you have your new card in hand, the only thing left is to use it responsibly as to maintain your high score.
Do you have any experience searching for a credit card with excellent credit? Were you happy with the end result?