Big Lots Credit Card: Increase Your Approval Odds (+ Get Better Rates)

Last Updated: Mar 07, 2023

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We generally only recommend Big Lots Credit Card if you have at least a 630 credit score (otherwise known as a "fair" credit score). The reason being you can get a relatively high APR if you have a low credit score, plus it will be much harder to get approved.

Is Big Lots Credit Card a good credit card for me?

Every situation is different, so it's hard to give a blanket recommendation on whether or not Big Lots Credit Card is the right card for you.

However, they are known to be relatively generous with their reward points & other perks, so it may be worth it. Keep in mind you may have to acquire a minimum amount of points before you are able to redeem them.

Is Big Lots Credit Card worth it?

There are 100s of different credit card options that are best suited to a wide range of situations. Which makes it hard for us to honestly answer whether or not Big Lots Credit Card is worth it for you.

We recommend considering the following when looking into getting any credit card (as a starting point at least):

  • Are you a responsible spender? You can quickly get yourself into too much debt if you're not responsible with your credit card
  • Are there are signup bonuses available with this card?
  • What annual fees does it have?
  • Are there penalty APRs?
  • Does it have an interest free period, and if so, how long is it?
  • How does it's APR compare to other cards?
  • How does the rewards/points system work?

What are the approval odds for Big Lots Credit Card?

The approval odds are going to be heavily dependant on your credit score, income & expenses.

If you have a credit score of 750+, you can basically get approved for most credit cards, including the Big Lots Credit Card. But if you have a "poor" credit score, it's going to be a lot more difficult.

What credit score do I need for Big Lots Credit Card?

A general rule of thumb is if you have a "good" credit score (670-739) or above, then you're approval odds are relatively high.

Anything below that and the odds go down, you may be able to get approved with a "fair" credit score, but if you have a "poor" score, then it is extremely unlikely you'll be approved (unless the card is secured).

Improve your credit score BEFORE applying for Big Lots Credit Card

If your credit score is preventing you from qualifying for Big Lots Credit Card, we recommend you call one of our friendly credit experts for a free consultation. We'll review your credit report with you (in real-time), and see if there is anything we can do to help your score.

Once we've improved your score for you, you'll be in a much better place to apply & get approval for Big Lots Credit Card. Not to mention all the other benefits that come with a great credit score!

What are the benefits of having a Big Lots Credit Card?

One of the primary advantages of having a Big Lots Credit Card is that you can accumulate rewards points for discounts on further purchases from the store. The more frequently you use your card, the greater rewards points you can get.

Moreover, cardholders may be eligible to receive special financing offers on larger purchases. For instance, it's possible to acquire big items while paying them off over a period of time with no or lower interest rate than what would typically be given with a traditional credit card.

Finally, owning a Big Lots Credit Card can also be helpful in building your credit history. Making payments in a timely fashion and keeping your balance low can aid in increasing your credit score over time. This could then assist you in obtaining better credit cards and loans down the line.

How Having Good Credit Affects Your Daily Life

Possessing a good credit score offers several advantages apart from being eligible for cards such as the Big Lots Credit Card. Lower interest rates on loans and credit cards can be secured, enabling thousands of dollars to be saved over time. Moreover, having a positive score increases the chances of getting approved for apartments or mortgages, as landlords and lenders take them into account when making decisions.

Furthermore, better terms on insurance policies and utility bills are achievable with a good rating due to its influence on rates and deposits. Opting for more favorable rates or avoiding deposits becomes an option with a decent score. Lastly, building wealth is something that can be accomplished with a good credit score by making investments in assets like stocks and real estate under preferable conditions and rates.

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