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If you tried to apply for a credit card which doesn’t fit your credit history, that would become the reason for denial. You should choose credit cards according to your credit score. You can close a couple of credit cards you currently have. Pay off all the balances before you close the cards. But don’t close the oldest one. It will have a negative impact on your credit score. Close the cards with high fees. If the cards do not have any fees, simply pay off the balances and stop using them.  Closing cards will affect your debt-to-credit ratio. Your debt should not exceed 30% of your available credit on the cards. Then check your credit report to see how they affected your credit score. If everything is good and your credit is fair, you can consider applying for a credit card for consumers with fair credit.

tags : Fair Credit Interest Rates

Disclaimer: This editorial content is not provided or commissioned by the banks or credit card issuer(s). Opinions expressed here are the author's alone, not those of the banks or credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the banks or credit card issuer(s). Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult with the issuing bank of the card or account for terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are accurate as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.