We generally only recommend Choice Gold 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 Choice Gold Card a good credit card for me?
Every situation is different, so it's hard to give a blanket recommendation on whether or not Choice Gold 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 Choice Gold 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 Choice Gold 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 Choice Gold 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 Choice Gold 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 Choice Gold 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 Choice Gold Card
If your credit score is preventing you from qualifying for Choice Gold 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 Choice Gold Card. Not to mention all the other benefits that come with a great credit score!
How to Maximize the Benefits of Your Choice Gold Card
With a Choice Gold Credit Card, you are already on track to experiencing an array of benefits. Nonetheless, there are several ways you can enhance those benefits and get the most out of your card.
To begin with, ensure that you frequently use your card. The more you use it, the more rewards and benefits you can earn - ranging from cashback rewards and travel points to discounts on purchases or exclusive access to events.
Secondly, pay off your balance entirely and promptly each month to avoid paying interest charges. This will help maintain a solid credit score and guarantee that you don't lose money by paying unnecessary fees.
Lastly, take advantage of any special promotions or limited-time offers that are available exclusively to cardholders. These may include bonus points or cashback on specific purchases or exclusive discounts at select retailers.
Remember to only spend what you can afford - if you're benefiting from the rewards but cannot make payments, it could negatively impact your credit score.
The Benefits of Having a Good Credit Score
Maintaining a solid credit score can have various benefits for you and your financial stability. Firstly, a good credit score can make it easier for you to obtain credit in the future. This could include anything from credit cards and personal loans to mortgages and car loans.
Additionally, having a good credit score can lead to lower interest rates on any credit that you do access. This implies that you will pay less in interest charges over time, saving you money in the long run.
A good credit score can also increase your chances of being approved for rental applications, utility services, and even job applications. This is because many employers and landlords will check your credit score as part of their application process.