Approval Odds Your Key To A Successful Application

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AnnaStills/Adobe Stock August 25, 2022 Bankrate expert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. After regularly featuring his credit card, credit monitoring and identity theft analysis on NextAdvisor.com, he joined the CreditCards.com and Bankrate.com teams as a staff writer to develop product reviews and comprehensive credit card guides focused on cash back, credit scores and card offers.

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While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

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Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: Meet you wherever you are in your credit card journey to guide your information search and help you understand your options.

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Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you. At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience.

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We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site.

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While we strive to provide a wide range offers, Bankrate does not include information about every fi...

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Natalie Lopez 17 minutes ago

Issuers for other reasons, like multiple recent credit applications or a lower income than they’d ...

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Charlotte Lee Member

85 minutes ago

While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.

What is Bankrate s Approval Odds feature

Researching which credit card is right for you can be intimidating and time-consuming, especially if you’re unsure which cards you’ll qualify for. To get you started, each credit card on Bankrate carries a recommended credit range so that you can roughly estimate your approval odds before applying: : an 800 to 850 FICO Score, or a 781 to 850 VantageScore : a 670 to 799 FICO Score, or a 661 to 780 VantageScore : a 580 to 669 FICO Score, or a 601 to 660 VantageScore : a 300 to 579 FICO Score, or a 300 to 600 VantageScore : No credit history is required to apply An on-par credit score doesn’t always guarantee you’ll qualify, though.

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Mason Rodriguez Member

54 minutes ago

Issuers for other reasons, like multiple recent credit applications or a lower income than they’d prefer. In fact, the Bureau for Consumer Financial Protection’s latest notes that credit card approval rates have been declining since 2015, with a large 10 percent to 11 percent drop for those with prime or near-prime credit (a score of 620 to 719) as the economy tightened during 2020.

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Ryan Garcia Member

57 minutes ago

Considering that applying for a card can — which can be a big setback if you’re on the edge of a favorable credit score or you don’t have much credit history — knowing your approval odds ahead of time helps you prioritize your picks. Fortunately, Bankrate’s Approval Odds feature can give you a heads up about how likely you are to qualify for a credit card on our site — with no impact on your credit score.

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Madison Singh 3 minutes ago

That way, you can apply for the perfect card confidently. Our tool compares your credit report with ...

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Alexander Wang 6 minutes ago

If your odds are excellent, you also might receive personalized card recommendations and through Car...

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Thomas Anderson Member

80 minutes ago

That way, you can apply for the perfect card confidently. Our tool compares your credit report with historical approval data and issuer criteria to comprehensively calculate your odds of being approved.

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Noah Davis 62 minutes ago

If your odds are excellent, you also might receive personalized card recommendations and through Car...

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Ethan Thomas Member

42 minutes ago

If your odds are excellent, you also might receive personalized card recommendations and through CardMatch.

How to use Bankrate s Approval Odds

Getting started with the Approval Odds feature only takes one click. First head to a or a .

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James Smith 40 minutes ago

On participating credit card tiles, you’ll find two ways to access your approval odds: a “see yo...

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Daniel Kumar 5 minutes ago

Congrats! The legwork is already done. If you’re on a card review page, you’ll see your approval...

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Emma Wilson Admin

44 minutes ago

On participating credit card tiles, you’ll find two ways to access your approval odds: a “see your approval odds” link and a button. Once you’ve clicked “See your approval odds” on the card you like, you’ll be prompted to enter your: First and last name Mailing address Social Security number’s last four digits Email address After that, clicking “Agree and see results” will finish setting up your account. Bankrate will immediately authorize a , which won’t affect your credit.

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Zoe Mueller 20 minutes ago

Congrats! The legwork is already done. If you’re on a card review page, you’ll see your approval...

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Sophia Chen 17 minutes ago

From there, you can confidently proceed to the final step in the process: applying for a credit card...

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Jack Thompson Member

46 minutes ago

Congrats! The legwork is already done. If you’re on a card review page, you’ll see your approval odds for that card expressed as a score from “poor” to “excellent.” If you’re on a comparison page with multiple cards, you’ll see your approval odds for participating cards on that page.

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David Cohen 43 minutes ago

From there, you can confidently proceed to the final step in the process: applying for a credit card...

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Ava White 7 minutes ago

In fact, your high approval odds may also grant you access to “Special Offers” — meaning for t...

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Joseph Kim Member

120 minutes ago

From there, you can confidently proceed to the final step in the process: applying for a credit card. Of course, the credit card issuer has the final say in whether you’re approved, and you won’t know your status for certain until you’ve formally applied.

What do the Approval Odds ratings mean

Each of the four Approval Odds color-coded ratings you’ll see in card tiles describe how likely you are to be approved for that card: Excellent chance of approval: You are highly likely to qualify for this credit card.

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Harper Kim 57 minutes ago

In fact, your high approval odds may also grant you access to “Special Offers” — meaning for t...

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Ryan Garcia 60 minutes ago

Fair chance of approval: You may not have a perfect application, but you have a fighting chance of a...

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Ella Rodriguez Member

25 minutes ago

In fact, your high approval odds may also grant you access to “Special Offers” — meaning for this card and possibly an elevated welcome offer if you apply through Bankrate. Good chance of approval: You’ll probably be approved for this card. However, there’s a small chance that a few credit profile variables may slightly affect your likelihood of prequalifying for the card or nabbing its lowest APR.

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Julia Zhang 10 minutes ago

Fair chance of approval: You may not have a perfect application, but you have a fighting chance of a...

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Mia Anderson 4 minutes ago

But if this card is the perfect fit, you might want to revisit it in the future after and which fact...

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Hannah Kim Member

52 minutes ago

Fair chance of approval: You may not have a perfect application, but you have a fighting chance of approval. However, know that there is a risk of being declined or receiving a higher APR.

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Sebastian Silva 22 minutes ago

But if this card is the perfect fit, you might want to revisit it in the future after and which fact...

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Scarlett Brown 31 minutes ago

Although you probably won’t qualify right now, there are several ways to improve your credit score...

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Brandon Kumar Member

54 minutes ago

But if this card is the perfect fit, you might want to revisit it in the future after and which factors you can work on to increase your approval odds. Poor chance of approval: You’ll want to avoid applying for this card.

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Scarlett Brown 27 minutes ago

Although you probably won’t qualify right now, there are several ways to improve your credit score...

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Noah Davis Member

140 minutes ago

Although you probably won’t qualify right now, there are several ways to improve your credit score even . Your credit score takes a small hit with every credit application, so it’s best to get it right on the first try.

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David Cohen 88 minutes ago

Although the credit card issuer always has the final say on whether you’re approved, knowing your ...

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Oliver Taylor 97 minutes ago

Mariah Ackary is a personal finance editor who joined the Bankrate team in 2019, excited by the oppo...

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Aria Nguyen Member

116 minutes ago

Although the credit card issuer always has the final say on whether you’re approved, knowing your Approval Odds can help you approach your next credit card application with an extra layer of confidence. SHARE: Bankrate expert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. After regularly featuring his credit card, credit monitoring and identity theft analysis on NextAdvisor.com, he joined the CreditCards.com and Bankrate.com teams as a staff writer to develop product reviews and comprehensive credit card guides focused on cash back, credit scores and card offers.

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Charlotte Lee Member

150 minutes ago

Mariah Ackary is a personal finance editor who joined the Bankrate team in 2019, excited by the opportunity to help people make good financial decisions. Send your questions to

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