Excellent Credit to Get Low Interest Car Credit

Can I get a low interest credit card with 675 credit score? Many similar questions asked in the forum about credit cards. Of course, the answer is not. You are still considered as a credit card holder at risk. Why?

Generally the requirement to get the low interest rate credit card is having excellent credit score, that is 720 or more. If your credit score is still below 720, you need to fix your credit first. You have to work hard to improve your credit to be at least 720.

But you should make sure in advance how your credit score now. You need to ask for copies of credit reports to credit reporting agencies. You can get a credit report for free once a year.

Check all the data in your credit history report. From your name, your address, occupation until your mortgage payment. If there is data error, you need to requested the correction of the data error. Data errors will reduce your credit score.

Check Your Credit History Report

If you find that your credit score is less than 720, you need an immediate fix it. Without a very good credit score, you might not get a credit card with low interest.

The first important thing you should do is always pay your monthly bills on time. Payment on time pick a major influence on the credit score, which is about 35%. Therefore, you should not be late paying bills. Although one time.

Late payment of bills will lower your credit score significantly. It is the opposite of the payments on time. If you always pay your bills on time month, your credit score will increase significantly.

In addition, the delay in payment would increase the burden of your payment. You get a penalty for paying late fee.

Second is spending. You should limit the maximum expenditure with maximum 30% of your credit limit. You should always check your balance when going shopping. If it is close to 30%, you should be spending cash. Do not use credit card.

Many people are easily tempted to spend using a credit card without checking the balance amount. As a result, the balance exceeds 30%. Your credit score will automatically go down and you get difficulty to apply for low interest credit card.