Dreaming of earning rewards while traveling the friendly skies? The United Explorer Card might be the perfect companion for your wanderlust. But before you apply, it’s essential to understand the credit score requirements and additional factors that could impact your chances of approval.
In this article, we’ll discuss what credit score you need, other factors to consider, and how to increase your chances of getting approved for a United Explorer Card.
What is the minimum credit score for a United Explorer Card?
The United Explorer Card, a popular travel rewards credit card issued by Chase, typically requires a credit score of at least 670 for approval. This score is considered “good” in the credit score range, but remember that this is just the minimum recommendation. A higher credit score could improve your chances of approval and potentially unlock better terms.
What else do I need for United Explorer Card approval?
Credit card issuers evaluate more than just your credit score when considering your application. Here are some additional factors that United Airlines and their partnering banks might take into account:
- Income: A steady and sufficient income demonstrates your ability to pay off your credit card balance. The higher your income, the more likely you are to be approved.
- Debt-to-income ratio: This measures the amount of debt you have relative to your income. A lower ratio indicates a better financial position and increases your chances of approval.
- Credit utilization: Issuers prefer to see that you’re using a low percentage of your available credit. Aim to keep your credit utilization below 30% to show responsible credit management.
- Recent credit inquiries: If you’ve applied for multiple credit cards or loans in a short period, issuers may view this as a red flag. Space out your credit applications to avoid appearing desperate for credit.
Tips for Boosting Your Approval Odds for a United Explorer Card
To maximize your chances of getting approved for a United Explorer Card, follow these guidelines:
- Familiarize yourself with your credit scores and reports: Before applying, be well-versed in your credit scores and ensure that your credit reports are free from errors. Credit card issuers prefer applicants with strong credit histories, consistent income, and low credit utilization.
- Maintain low credit utilization: If you’re using a high percentage of your available credit, it signals to issuers that you might not be able to pay them back. Aim to keep your credit utilization ratio below 30% to demonstrate responsible credit usage.
- Limit credit inquiries: Applying for multiple credit cards or loans within a short period can lead to numerous hard inquiries on your credit report. This can negatively impact your chances of approval. Space out your credit applications and focus on improving your credit score between applications.
- Pay bills on time: Late or missed payments can hurt your credit score and diminish your chances of approval. Make it a priority to pay all your bills promptly, as a history of timely payments showcases your reliability as a borrower.
- Reduce existing debt: Lowering your debt-to-income ratio is an effective way to boost your credit score and increase your chances of being approved for the United Explorer Card. Aim to pay down high-interest debt first and avoid incurring new debt.
Improving Your Credit Score: Professional Assistance
If your credit score needs improvement, consider seeking professional help to remove negative items from your credit report. A credit repair company like Lexington Law can assist you in disputing and potentially removing items such as late payments, collections, charge-offs, foreclosures, repossessions, and bankruptcies.
Boasting over 18 years of experience, Lexington Law has facilitated the removal of more than 6 million negative items for their clients in 2021 alone. By leveraging their expertise, you can improve your credit score and increase your likelihood of being approved for new credit. For a free credit consultation, visit their website and fill out the form.