If you are looking for a credit card but you are not sure about your eligibility, you can use a credit card eligibility checker. It will tell you if you are likely to be accepted without impacting your credit score.
Why is eligibility criteria important?
Vanquis credit card is based on a number of factors such as your credit history, income, debt and other things. These factors are then weighed against the lender’s lending criteria, which determine your approval for the credit card.
Many of the major credit card issuers offer a pre-qualification process that will tell you whether you are likely to be approved for their cards before you apply. These processes usually look at basic credit information and run a “soft” search of your credit file, which doesn’t affect your credit score.
Some of the larger credit card issuers also offer a preapproval process that will give you an approval without running a hard pull of your credit file, which can knock points off your credit score. This process isn’t always as reliable as pre-qualification, though, because it doesn’t take into account other factors such as your income and your debt load.
The best way to get a credit card is to build your credit history by making repayments on time and keeping your balance low. Lenders will consider your credit history when assessing your application and will be more likely to approve you for the credit card if they see you are a good risk.