If you’re an avid Nordstrom shopper and want to take advantage of their store credit card, you might be wondering what credit score you’ll need to get approved. The Nordstrom credit card, issued by TD Bank, typically recommends a minimum credit score of 640 for applicants. However, there’s more to the approval process than just your credit score.
The Nordstrom Credit Card Approval Process
Although a credit score of 640 is recommended, there’s no guarantee you’ll be approved for a Nordstrom credit card solely based on your credit score. Your credit score is an important factor in the application process, but Nordstrom, like most credit card issuers, will also evaluate other factors, including your income, debt-to-income ratio, and any negative items on your credit report.
How to Improve Your Chances of Getting Approved for a Nordstrom Credit Card
To increase the likelihood of getting approved for a Nordstrom credit card, follow these steps to put yourself in the best possible position:
- Know your credit score: Before applying for any credit card, it’s essential to know your credit score and understand your credit report. Several free services can provide you with this information, such as Credit Karma or AnnualCreditReport.com.
- Maintain a strong credit history: Credit card issuers want to see a history of responsible borrowing, which includes making on-time payments and avoiding excessive debt. Make sure to pay your bills on time and avoid maxing out your credit cards.
- Keep your credit utilization low: Your credit utilization ratio – the percentage of your available credit that you’re using – should ideally be below 30%. High credit utilization can negatively impact your credit score and signal to issuers that you might have difficulty repaying new debts.
- Limit credit inquiries: Applying for too much credit in a short period can lower your credit score, as multiple inquiries can be seen as a sign of financial distress. Space out your credit applications and avoid applying for multiple cards in a short timeframe.
Need help improving your credit score?
If your credit score isn’t quite where it needs to be, there are steps you can take to improve it. One effective way to boost your credit score is by addressing any negative items on your credit report.
Credit repair companies, such as Credit Saint, can help you dispute and potentially remove negative items from your credit report, including:
- Late payments
- Collections
- Charge-offs
- Foreclosures
- Repossessions
- Bankruptcies
If you’re struggling with bad credit and want to improve your chances of getting approved for new credit, visit their website for a free credit consultation.
