When deciding whether to approve or reject applications, credit card companies review a lot of information. But getting a credit card isn’t that hard, especially if you have what credit card providers are looking for — nearly 79 percent of Americans who make at least $40,000 a year carry about $992.4 billion in revolving credit card debt, according to the Federal Reserve.
Unlike a bank card, which allows you to draw from your account to pay for goods and services, credit cards enable you to make purchases now and pay for them later, and credit card companies use various approval methods to vet applicants and assess risk.
