What To Know
- United does not publicly disclose the minimum credit score required, but it is generally accepted that you will need a score of 670 or higher to have a good chance of approval.
- While the United Explorer Card does not have specific income requirements, it is important to demonstrate that you have a stable income that can support the card’s annual fee and ongoing spending.
The United Explorer Card is a popular travel rewards credit card that offers a generous sign-up bonus and ongoing perks to frequent United Airlines travelers. However, like many premium credit cards, there are certain eligibility requirements you must meet to qualify. This blog post will delve into the intricacies of these criteria, answering the burning question: “Is United Explorer Card hard to get?”
Credit Score Requirements
One of the most important factors in determining your eligibility for the United Explorer Card is your credit score. United does not publicly disclose the minimum credit score required, but it is generally accepted that you will need a score of 670 or higher to have a good chance of approval.
Income Requirements
While the United Explorer Card does not have specific income requirements, it is important to demonstrate that you have a stable income that can support the card’s annual fee and ongoing spending. Lenders typically look for applicants who have a minimum annual income of $50,000.
Credit History
Your credit history is also scrutinized by United when evaluating your application. They will look for a consistent pattern of responsible credit usage, including timely payments, low credit utilization, and a lack of negative marks on your credit report.
Debt-to-Income Ratio
Your debt-to-income ratio (DTI) is another factor that United considers. This ratio measures the amount of debt you have relative to your income. Lenders prefer applicants with a DTI of 35% or less.
Recent Credit Inquiries
United may also review your recent credit inquiries. If you have applied for multiple credit cards or loans in a short period of time, it could raise concerns about your financial management and reduce your chances of approval.
Other Factors
In addition to the above criteria, United may also consider other factors when evaluating your application, such as your employment history, the number of credit cards you already have, and your relationship with United Airlines.
How to Increase Your Chances of Approval
If you do not currently meet all of the United Explorer Card‘s eligibility requirements, there are steps you can take to improve your chances of approval:
- Build your credit score: Focus on paying your bills on time, reducing your credit utilization, and disputing any errors on your credit report.
- Increase your income: Explore ways to increase your income, such as asking for a raise or taking on a side hustle.
- Establish a positive credit history: Open a secured credit card or become an authorized user on someone else’s card to build a track record of responsible credit usage.
- Reduce your debt-to-income ratio: Pay down existing debts or increase your income to lower your DTI.
- Limit credit inquiries: Only apply for credit when necessary and space out your applications to minimize their impact on your credit score.
Summary: Is the United Explorer Card Hard to Get?
The United Explorer Card is not necessarily a difficult card to get, but it does have certain eligibility requirements that you must meet. By understanding these criteria and taking steps to improve your financial profile, you can increase your chances of approval and start reaping the benefits of this valuable travel rewards card.
Frequently Asked Questions
1. What is the minimum credit score required for the United Explorer Card?
United does not publicly disclose the minimum credit score required, but it is generally accepted that you will need a score of 670 or higher to have a good chance of approval.
2. Is there an income requirement for the United Explorer Card?
While the United Explorer Card does not have specific income requirements, it is important to demonstrate that you have a stable income that can support the card’s annual fee and ongoing spending. Lenders typically look for applicants who have a minimum annual income of $50,000.
3. What other factors does United consider when evaluating applications?
In addition to credit score, income, and credit history, United may also consider your debt-to-income ratio, recent credit inquiries, employment history, the number of credit cards you already have, and your relationship with United Airlines.
