What are the hardest credit cards to get? It’s a question that we get a lot here at Credit Card Insider, and it’s one that can be difficult to answer.
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Understanding Hard Credit Cards
There are a few different types of credit cards out there, each with their own requirements. Hard credit cards are some of the most difficult to get, but they can offer great rewards. If you’re looking to get a hard credit card, it’s important to understand the requirements and what you can expect. Let’s take a look at some of the hardest credit cards to get and what you need to know about them.
What is a hard credit inquiry?
When you apply for a credit card, the issuer will do a hard credit inquiry. This means they’ll check your credit report and your credit score will temporarily drop by a few points. Hard inquiries stay on your credit report for two years, but their impact on your score diminishes over time.
A hard inquiry is different from a soft inquiry, which is when an issuer checks your credit report but doesn’t result in a drop in your score. For example, if you check your own credit score or if an issuer does a routine check to see if you’re still eligible for a card (like when you request a credit limit increase), that’s a soft inquiry.
How do hard inquiries affect your credit score?
When you apply for a credit card, the issuer will almost always do a hard inquiry on your credit report. A hard inquiry is when a lender asks for your credit report with your permission in order to make a lending decision.
Hard inquiries can stay on your credit report for up to two years, but they only affect your credit score for the first year. After that, they’ll fall off your score naturally.
Hard inquiries can hurt your credit score because they’re seen as a sign of risk. When you have too many hard inquiries in a short period of time, it can signal to lenders that you’re in financial distress or that you’re trying to open too many lines of credit at once.
If you’re worried about the impact of Hard inquiries on your score, there are a few things you can do. First, make sure you only apply for new credit when you really need it. Second, if you have multiple hard inquiries in a short period of time, try dispute them with the credit bureau.
The Hardest Credit Cards to Get
There are a few credit cards that are notoriously hard to get. The American Express Centurion Card, also known as the Amex Black Card, is one of the hardest cards to get. You must have an invitation to apply and you must spend at least $250,000 per year to be eligible. Another hard-to-get card is the Chase Sapphire Reserve card. You must have excellent credit to be approved and the annual fee is $450.
American Express Centurion Card
The American Express Centurion Card is one of the hardest credit cards to get. Often called the “black card,” it is available by invite only to Amex Platinum cardholders who spend at least $250,000 per year.
Cardholders enjoy a number of perks, including a $2,500 initiation fee, a $7,500 annual fee, and a $100 annual airline incidental fee credit. They also get access to exclusive events and discounts at restaurants and retailers.
JPMorgan Chase Sapphire Reserve
The Sapphire Reserve is one of the most popular and highest-rated travel rewards credit cards on the market, but it’s also one of the hardest to get. That’s because it requires an excellent credit score for approval.
If you’re looking for a card with top-tier rewards, such as 3x points on travel and dining, and a $300 annual travel credit, then the Sapphire Reserve is worth considering. But keep in mind that it also comes with a $450 annual fee.
Citi Prestige Card
The Citi Prestige Card is one of the hardest credit cards to get. This is due to the high credit score requirements (850), high income requirements (most likely over $200,000), and the unwillingness of Citigroup to approve applications that don’t meet their standards.
Other difficult cards to obtain include the Chase Sapphire Reserve and American Express Centurion Card. While both of these cards have fewer requirements than the Citi Prestige Card, they are still difficult to obtain.
How to Get a Hard Credit Card
A hard credit card is a credit card that is difficult to obtain because it requires a high credit score. If you are looking for a hard credit card, you will want to look for one that has low interest rates and a high credit limit. You can find hard credit cards by doing a search online or by speaking with a Credit Card representative.
Have a high credit score
The first thing you need to do is make sure you have a high credit score. Lenders are going to be looking at your score to determine whether or not you’re a good candidate for a credit card, and the higher your score is, the better your chances will be of getting approved. If your score is on the lower end, you may still be able to get approved for a card, but it’s going to be more difficult. There are a few things you can do to try to improve your credit score, such as paying your bills on time and keeping your balances low.
Another thing that can help is having a strong history with other types of credit, like auto loans or student loans. Lenders like to see that you have experience handling different types of debt, and it can help give them confidence that you’ll be able to handle a credit card responsibly as well.
If you don’t have a lot of credit history, or if your credit score is on the lower end, there are still some things you can do to try to improve your chances of getting approved for a credit card. One option is to apply for a secured credit card, which requires you to put down a deposit that serves as collateral in case you default on your payments. This can be a good way to build up your credit so that you can eventually qualify for an unsecured card. Another option is to get a co-signer on your application, which means that someone else will be responsible for making payments if you’re unable to do so. This person will need to have good credit themselves in order for this option to work.
Have a high income
The first step is to have a high income. Lenders want to see that you have the ability to repay your debts. If you don’t make much money, you’re less likely to be approved for a card with a high credit limit.
The second step is to have a good credit score. A high income doesn’t mean much if you have bad credit. Lenders want to see that you’ve handled credit responsibly in the past. They’ll look at your payment history, credit utilization, and other factors to determine whether you’re a good risk.
The third step is to apply for the right card. There are thousands of credit cards available, and not all of them are created equal. You’ll need to do some research to find the best card for your needs. Once you’ve found a few good options, it’s time to fill out an application.
The fourth step is to wait for approval. It can take weeks or even months to hear back from a lender about your application. If you’re approved, congrats! If not, don’t despair; there are other cards out there that might be a better fit for you.
Have a good credit history
One of the best ways to get a hard credit card is to have good credit history. A lot of people think that having a hard credit card is all about having a high credit score, but that’s not necessarily true. There are plenty of people with high scores who don’t have hard credit cards.
The reason why good credit history is so important is because it shows that you’re a responsible borrower. Lenders want to see that you’ve made your payments on time and that you haven’t missed any payments. They also want to see that you haven’t maxed out your credit limit. All of these things show that you’re likely to repay your debt, which is what lenders want.
If you don’t have goodcredit history, don’t worry. There are still some things you can do to improve your chances of getting a hard credit card. One thing you can do is to get a co-signer. A co-signer is someone who agrees to repay your debt if you can’t. This means that the lender will be more likely to approve your application because they know they have someone else responsible for repaying the debt.
Another thing you can do is to apply for a secured credit card. A secured credit card is one where you put down a deposit that serves as collateral for the lender. This deposit reduces the risk for the lender, which means they’re more likely to approve your application. Once you’ve been approved for a secured card, you can use it just like any other credit card and over time, you may be able to transition to an unsecured card.
If you have badcredit history, it may be difficult to get a hard credit card. However, there are still some things you can do to improve your chances. One thing you can do is to get a co-signer or apply for a secured credit card