A lot of factors affect your credit card application, but what reflects in your credit report whether it be bad or good determines your chances of getting that credit card. Simply put, the key to getting your credit card application approved depends on your credit report. How else can you beat those creditors than by getting your own copy of your credit report and find out what factors could be used against you.

Get your free credit report from a lending institution or a consumer reporting agency once every 12 months from each of the major credit reporting agencies–Equifax, Experian, and TransUnion. You are also entitled to a free credit report if you have been denied credit, employment, or insurance within the past 60 days.

Try to remedy matters and improve your credit rating. Factors that could affect your credit card application would be your payment history of how good you are at paying promptly, whether you have multiple credit cards and the number of times you’ve applied, got rejected or approved the balance you’ve used in all of your credit cards and the number of mortgages or loans under your name. If you do possess a low credit rating, get help from a credit repair company.

Remember you are likely to provide extra documentation of your business’ current financial status if you have any blemishes on your credit report. Be ready to mail or fax information if the company requests for it. After you fill out the application, approval can take anywhere from thirty seconds to a month. 

For companies with credit problems that can’t be fixed with a few simple dispute letters, they should look into applying for either a secured credit card. This credit card is called a hybrid because you can only purchase merchandise thru their catalog. They approve pretty much anyone and report the card to the credit bureaus so you can build up your credit.